MoneyPatterns

AAPL - Weekly View - RSI Over 80! Bullish Trend since June

Short
NASDAQ:AAPL   Apple Inc
AAPL Weekly view shows how overextended this bullish trend really is.
RSI is currently over 80 and has been over 76 since October.

Yellow ascending wedge protrudes out the top of the main blue multi-year resistance line. (from Outter Space AAPL chart)
In the history of AAPL, there are no instances where price spikes out the top in such a manner.
The blue resistance and yellow wedge resistance are leaving little option for price but to go DOWN.

I play the pattern, events, and cycle.
I do not hate AAPL because I think price will go down short term as a pullback. No hateful comments please.

Today's - AAPL 4Hr View chart and News

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU

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.