barnabygraham

AAPL declining volume

Short
NASDAQ:AAPL   Apple Inc
2000 period volume average (30m) was double what it is today just 10 months ago. This is one reason why AVD is negatively diverging so much. Not a good look for AAPL going forward the next 6-12 months. Decreasing volume into rising wedges increases the odds of them breaking bearish. Short term oversold + it's Apple and in these fundamental conditions, it's a hesitant short on a bounce.

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