TurnUpTheVolume

Aapl bear case on weekly

Short
NASDAQ:AAPL   Apple Inc
Above is the inverted weekly chart for aapl. On a normal chart this would be a strong buy (and in the case of apple, a buy on the inverted would be a sell). We have a doji like candle on increased volume. We had very chaotic action this week hitting ATH on Monday, pulling back 2.5%, hitting a new ATH again and then pulling back. There is definitely a fight between bulls and bears. The high volume here shows signs of potential distribution. Aapl had climbed over 20% since early June with deteriorating fundamentals (supply chain issues, privacy issues, lack of true innovation, and entry into the high ticket low margin business of cars).
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.