Rotten Apple?
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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