In 2019 AAPL felt below EMA10 twice only to quickly bounce and continue with its uptrend, so what's the difference now?
The first time this happened was back on the 24th January, the second time on the 7th March, each time wasn't strong enough. The break we see today below EMA10 is supported by big which means that AAPL can continue falling.
- On top of the high break of EMA10, we also have a very strong and nasty divergence as a well as a pattern (purple line).
All of the above signals are telling us that Apple Inc can go lower, in fact, if it breaks below EMA100 (blue line), AAPL is very likely to break below the low that was hit on the 3rd Jan.
Conditions for change: If AAPL breaks above EMA10, some of these signals become invalid. If AAPL breaks above 208.29 with good strength and , then the entire analysis above becomes invalidated and a new one is needed. For now, AAPL is and going down.
This is not financial advice. All information here is shared for entertainment and educational purpose only, trade at your own risk.
And remember to hit like of course... If you want to.