Jump to content

Apple - has the trend come to an end?


phillo

Recommended Posts

Oh dear. There was the 19000 mark hit and a little beyond today. Was that pre-cursor price action for another downward move tomorrow or has it come back up with such force that tomorrow will be a continuing move up. Just looking at the daily still, nothing else although they still have a few more market hours to go over there.

Link to comment

I don't trade individual shares so have no vested interest in this but for what it is worth, there is an argument that the top is in with a pin bar reversal price action on the Weekly chart.  On the Monthly chart I have a speculative pair of channels that are exactly equal in width (a charting feature necessary for validity) but the number of touches on the lines are not great.  This is to be expected with such a parabolic rally as we have seen on these tech stocks.

I can make a case for a top out and strong retrace rally or one more leg up before a top out.  In either case I don't see a Short until we see one of the above scenarios play out.  If one wanted to take a short now then Stops would need to be above the recent top of the market but if there is another higher high that stop would be taken out.  For me insufficient boxes are ticked yet, it is much the same as my assessment of Oil really.

AAPL-Monthly_1118.thumb.png.59402d9b817e1da1f0fa10510cfc37fb.pngAAPL-Weekly_061118.thumb.png.7da0b6c77dcc646834b0ceb29ea6df5b.png

Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      16,008
    • Total Posts
      76,720
    • Total Members
      63,930
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Georgxyz
    Joined 18/09/21 22:02
  • Posts

    • Hi, all brokers are market makers to some extent. If you are trading on the Direct Market Access (DMA) platform then you are dealing on the exchange through IG but if using any other platform then IG looks to match those trades inhouse matching shorts to longs. Any excess they hedge on the exchange themselves.  So IG aren't taking the other side of your trade, they are covered whether you win or lose and they make on the spread from both parties. If they need to hedge they still win because they get a better spread than what they pass on to you.  
    • Err, I've had all my real vaccines, the ones that completed safety trials, have also had special vaxxes when had to present proof when travelling to a country were there were dangerous diseases present, no problem. But experimental gene therapy that has no medium or long term risk data for a disease that, according to the FDA, has just a 1 in 250,000 risk, and needing to present proof to go to a restaurant or club in my home town - no, this is not about a virus.   Note that the FDA officials that the Biden admin pressured into giving early FDA approval for these vaxxes both resigned. FDA panel just voted 16-3 AGAINST approving the boosters This slide was shown at their meeting.  
    • You get a 'vaccine passport' once you are vaccinated. You don't have to get one, you already have one if you had your vaccines. I don't mean covid vaccines, I mean any vaccine. That 'vaccine passport' has been already implemented for decades. It is the registry that any national health system has on your vaccines.  Unless you are an exotic animal that has been living under a rock during your life you must have taken a vaccine at some point in your life, otherwise you would be dead.  Here is a list for your education: https://www.cdc.gov/vaccines/parents/diseases/forgot-14-diseases.html I am sure that you are vaccinated of at least 90% of that list.  So that vaccine passport is just what you already have, my dear, if you happen to live in Europe or the UK just go to the National Health app and click on 'Travel' , there you will see your 'vaccine passport' It is already implemented, I had to show it to fly twice this year in two different airports. 
×
×
  • Create New...