Apple has in the past six years had very strong reversals from oversold RSI on the weekly timeframe. The last four since 2020 were as such:
Feb 20 - Mar 20
82 > 54 > 100 (85% return low to high)
Jan 22 - May 22
182 > 128 > 175 (40% low to high)
Aug 22 - Jan 23
177 > 123 > 199 (61% low to high)
Dec 23 - ???
197 > 165 > ???
We have last shown a strong...
After spending nearly three months consolidating in the 80-90 range following AMDs insane gap up from last year, we have seen the stock moving down but collecting support along the way; notably the 200MA on the daily, and now the 50MA on the weekly. With product announcements coming Monday and stimulus news hitting we could see some strong attempts to break...