AAPL has rallied from its recent low. At one point, the price was down to 256! But it hasn't been able to extend the rally up to the last price recorded in its uptrend - 327 on 12th February. The reaction from that high pushed it into a downtrend starting with a price of 298 on 24th Feb. So the question is will the rally push on up to resume the uptrend, or...
MA are currently hovering between reaction and rally, and could go either way. If the price heads up above 320, then the uptrend that ended on 19/2/20 at 344 could be resumed. If it falls below 280, then a downtrend will begin. Although there may be support around 270 (based on the prices between Sept and Oct last year), I will watch to see if this is in...
