APPL show a large triangular APPL show a large triangular
This chart shows the weekly candle chart of Apple's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the recent high click through of Apple's stock has broken through the 1.618 position of the bottom up golden section in the figure, and then fell down, showing a large triangular oscillation and consolidation pattern overall! So for a period of time in the future, the bottom of the graph should be used to determine the bullish and bearish divide of Apple's stock, with the 1.382 position of the golden section above it and the short range below it!
Applstock
Apple - A small bounce for the silly bullsI think we can move up but I would not be surprised to be wrong either. If you have the conviction to go long here, we have a clear descending triangle. I don't foresee a bounce much higher than the first target being possible. I have a lower target that I feel will be hit sooner than later. Not financial advice. DYOR