Same month long channel that started forming mid March like AAPL and NFLX.
Support seems consistent with 3 contact points.
Possible trend flattening or downshift.
Strong correlation with QQQ. Need to check out AAPL and NFLX with this in mind.
Identified levels:
L160, L164, L175, L188
Curious whether it will break or reject the L175. If it breaks it will validate the new trendline, but will it get back to the initial one?
Will keep a close eye especially with earnings report coming up next wee.
Currently no ideas on entry.
Support seems consistent with 3 contact points.
Possible trend flattening or downshift.
Strong correlation with QQQ. Need to check out AAPL and NFLX with this in mind.
Identified levels:
L160, L164, L175, L188
Curious whether it will break or reject the L175. If it breaks it will validate the new trendline, but will it get back to the initial one?
Will keep a close eye especially with earnings report coming up next wee.
Currently no ideas on entry.