Short

APPL Reversal in Play

By Voyager_fran

Updated

I'm seeing a Head and Shoulder pattern almost completing. Bearish signal.

Seems overpriced and finding sellers at the 130 - 140 level. Bearish signal.

Looks like it needs to revisit the Ichimoku support cloud. Bearish signal.

RSI is descending and hovering at around 50. Mixed signal.

Fundamentally all tech stocks are inflated. Bearish signal.

Note

Forgot to mention the price divergence with the RSI. bearing signal.

Note

Second bearish EMA cross.

Note

The uptrend line is holding and market participants are aware of its presence.

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