Riding on the positive news Apple approaching resistance zone again, pre-market is at 213.28 at the time of writing. Today non-farm and Powell speech could decide the next direction for the markets for next week. Great opportunity for a long and short option. If we break the red resistance zone, then Apple will be retesting All time high level soon.
On Jul 9th price broke below the neckline. Yesterday retested the neckline and was rejected lower today after a results announcement.
The 200 EMA is sloping down and price is below the 200 EMA.
All in all #bearish
I don't often share any chart write-ups except Forex, this is due to me being a long term investor into blue-chip companies. AMD is one of my favourite 'Tech challengers'. Although it is great in size already, it has a long way to grow, to get up there with the likes if Intel. With that being said, i think that AMD has great growth ahead, I personally am just...
APPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.