MarcoOlevano

#AAPL relative strength against market has broken down

Short
NASDAQ:AAPL   Apple Inc
All pointers on the chart. Rejected against 200ema and anchored vwap points. Trading < 200 dma's. Volume substantially declined on recent rally which shows weakness from the bulls. Biggest point of all is that the relative strength against the SPY has broken down, so this chart spells weakness everywhere for me. Unless we can get back above $152 i think this remains a short the rally. Wild projections out there that we could go as low as $100 but i am not suggesting that. For now i think any strength is shortable as technically this looks weak. Supply chain/China factory issues just adds to the fundamental weakness.


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