AAPL, bearish divergence
The chart showcases how looking for divergences can be helpful to identify buy and sell opportunities.
In early Jan 2019, after a healthy correction on the AAPL stock, the RSI and the price showed a great bullish divergence as explained on the chart.
Similarly, now, we are witnessing a bearish divergence, where price has. over making. a higher high, whereas, the RSI has not made a new high indicating a pause or retirement maybe around the next few sessions
200 Day MA serves as a great support level on weekly times frames, super rock solid across time. It will be good to keep an eye on the weekly charts too and keep an eye when a bounce back or reversal could happen in case drawdowns
If you like the observations, please share a thumbs up
Happy to hear your comments
Cheers
In early Jan 2019, after a healthy correction on the AAPL stock, the RSI and the price showed a great bullish divergence as explained on the chart.
Similarly, now, we are witnessing a bearish divergence, where price has. over making. a higher high, whereas, the RSI has not made a new high indicating a pause or retirement maybe around the next few sessions
200 Day MA serves as a great support level on weekly times frames, super rock solid across time. It will be good to keep an eye on the weekly charts too and keep an eye when a bounce back or reversal could happen in case drawdowns
If you like the observations, please share a thumbs up
Happy to hear your comments
Cheers
If you love what you see, pls share a thumbs up and a comment in the section below
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.
If you love what you see, pls share a thumbs up and a comment in the section below
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.