Apple_analysis
The yellow line shows the original trend line before the first downward movement
The blue lines represent the current trend and its forming symmetrical triangle (investopedia.com/terms/s/symmetricaltriangle.asp)
In any normal market, the assumption is that the trend will continue, but considering apple gonna have Earnings and they got heavily impacted by Trade war, I feel the movement is solely will be controlled by earnings numbers.
So if you believe apple earnings gonna be good, then go long or else exit.
This is not a great formation for entry, the traders will wait for the breakout which I feel at this point will happen through earnings numbers only.
The blue lines represent the current trend and its forming symmetrical triangle (investopedia.com/terms/s/symmetricaltriangle.asp)
In any normal market, the assumption is that the trend will continue, but considering apple gonna have Earnings and they got heavily impacted by Trade war, I feel the movement is solely will be controlled by earnings numbers.
So if you believe apple earnings gonna be good, then go long or else exit.
This is not a great formation for entry, the traders will wait for the breakout which I feel at this point will happen through earnings numbers only.
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