50% retracement from the top. Looks to be forming a bottom at horizontal support and the bottom of the long term trend/channel.
Everyone has forgot about Weed stocks...retail bought the $50 top like usual with the media's help. It just broke the down trend and is forming a reverse head and shoulder bottom...Now is the time to be adding, not when the TV tells you to buy. Don't be a sheep....
STZ - report earnings Wed before the bell...
APPL - follow up from previous AAPL chart
Looks like the top is in at $300. I could see a pullback to $200 ish back to the pink parabola.
bounced off support and the long term trend line (regression back to the mean).
Same chart as previous post, but zoomed out to see the big picture.
Still in the downtrend, but $6500 support is holding. We are slowly consolidating sideways. We may get another test in the $6,500 range, but I wouldn't be surprised if we don't get that low again.
Update from previous post (added the bottom range trend lines - Pink)
6,000s could be coming with accumulation through March 2020 then up?
Currently testing the .786 Fib Middle of "support" cluster $7700-$8500 Red - resistance levels Green - support levels Pink - the parabola no one is talking about that starts at the $3,200 bottom A few days of sideways and we are out of the "Grim Reaper" falling wedge and could test $8400.