Aapleshort
AAPL profit taking down to $465AAPL has had quite the run lately and it looks like profit taking has begun prior to the upcoming split.
This morning we had the initial move down with a 13 EMA/30 SMA hourly crossover. This is accompanied by a lowering RSI as well as high volume.
Our target is the support at the 61.8 Fib level above $465.
BUBBLES DON'T GET MUCH CLEARER THAN THISA slaughter is coming to big tech. Of the big tech names, Apple is the most obvious bubble I have ever seen. It is almost identical to Bitcoin's last bubble. 3 bear traps followed by a MASSIVE parabolic rise in short span of time and then your blow off top. In order to see the full scale of the bubble we must look at the monthly. While I think it is very likely we have reached the top, it is possible that we go even higher since we are at a point in the cycle with so most energy. We can easily see a couple more candles taking this thing past $500 but It is important to know we are at the point in this stocks cycle where you have the most risk. If we do go higher it will be short-lived and followed by a massive correction where everyone who bought past the 3rd bear trap will soon be trapped. Is Buffet really still holding this?
Would love to hear your ideas.
#AAPL ANALYSIS.. NEVER SAY NEVER.. In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will come eventually and oil prices were the leading indicator of this..
Disclaimer: Please do your own due diligence when it comes to investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..