Apple doesn't look great on the monthly timeframe.
-bearish divergence
-low volume
-rejected at trend resistance
There is however a bullish divergence that could give it a temporary boost back to the trend resistance so shorting at this price would be risky imo.
Side note: Facebook recently took a hit when news came out about their privacy issues. Wouldn't be surprised to hear similar revelations about Apple.
-bearish divergence
-low volume
-rejected at trend resistance
There is however a bullish divergence that could give it a temporary boost back to the trend resistance so shorting at this price would be risky imo.
Side note: Facebook recently took a hit when news came out about their privacy issues. Wouldn't be surprised to hear similar revelations about Apple.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.