hbayatne

APPL Apple break down point. Be very careful and ready to buy

NASDAQ:AAPL   Apple Inc
So as you can see in the Andrews pitchfork for Apple's price action during the current bull run, we are concerned about this break down at the schiff line extension. Traditionally when asset price action falls below this line there is a buying opportunity. But there is also a concern that the trend has now turned bearish and will continue to break down. We are going to remain neutral on Apple stock for now until we see if we will be getting price closing below this area of concern. If we see the price start to recover and get back on the bullish side then we know we have a recovery of the old trend. This is not trade advice, but simply analysis based on fundamentals. Happy Trading!!!
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