Similarly to TSLA, which I covered a few minutes ago, Apple's chart is showing the same bearish pattern and indicator. A bearish rising wedge has formed (red) and there is bearish divergence on the daily RSI, with the price making higher highs while the RSI has made lower highs. This represents buyer exhaustion.
(You can ignore the yellow lines. They are long-term accelerating fan lines going back in some cases years.)
(You can ignore the yellow lines. They are long-term accelerating fan lines going back in some cases years.)
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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.