Apple on sale who said Wall Street has no discounts
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On the AAPL 1W chart, the price has dropped sharply, likely due to recent trade tensions with China, but it is now approaching a key support level that previously acted as resistance and triggered a strong rebound. The Ichimoku cloud (10, 20, 40, 10) indicates a bearish trend, although there are early signs that selling pressure may be weakening. At the same time, the Trend Strength Index (20, 10) is in oversold territory, suggesting that bearish momentum could be fading. If lower timeframes begin to show signs of reversal, this may signal the beginning of a long-term recovery. A possible entry between 200 and 175 with a stop loss below 163 could offer a favorable risk to reward opportunity for long-term investors.
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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.