Apple IncShort
At Resistance Area. Correction and Possible trend reversal.
The technicals for AAPL heading into earnings show the price level is approaching a resistance area, there are shrinking bands which flag a strong move waiting for a triggering event, negative momentum divergence, negative volume divergence, and Support at 170. It makes sense it will try another big shake of the tree to try to gather "cheap" shares and go for another try to break the ATH, or to start doing higher lows and lower highs towards a consolidation to trade inside the range.
The closest triggering event is ER. let's see how it behaves, but so far, the technical levels flag a bearish leg.
AAPL heading into earnings show the price level is approaching a resistance area, there are shrinking bands which flag a strong move waiting for a triggering event, negative momentum divergence, negative volume divergence, and Support at 170. It makes sense it will try another big shake of the tree to try to gather "cheap" shares and go for another try to break the ATH, or to start doing higher lows and lower highs towards a consolidation to trade inside the range. The closest triggering event is ER. let's see how it behaves, but so far, the technical levels flag a bearish leg.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.