Apple stonks possible roundtrip
I checked M1 and W1 timeframes in chart just to set possible next supports and resistances in order to trace a roundtrip to long-term invest for Apple stonks.
We can also see in chart that squeeze momentum has a bearish divergence BUT we can also see that CRSI is overselled which makes me think about current bearish trend has not enough strength to imagine (for now) a big price fall.
Also Wyckoff gives us a clue about future moves for Apple stonks because we can expect SOW in Phase B after ST (not confirmed yet) but it seems a typical Wyckoff’s Distribution Schema.
As per expected moves are bearish and bullish ones so i decide to tag this idea NEUTRAL.
We can also see in chart that squeeze momentum has a bearish divergence BUT we can also see that CRSI is overselled which makes me think about current bearish trend has not enough strength to imagine (for now) a big price fall.
Also Wyckoff gives us a clue about future moves for Apple stonks because we can expect SOW in Phase B after ST (not confirmed yet) but it seems a typical Wyckoff’s Distribution Schema.
As per expected moves are bearish and bullish ones so i decide to tag this idea NEUTRAL.
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