Multiple support has a bigger significance than the lagging death cross on AAPL chart: stockscharts.com
With a few hours into the session, not much credit is being given into the MACD buy signal. The daily trend remains down and will be seriously challenged with a new 1-month high over $185 (we are far from there…). chart: stockcharts.com
It seems almost certain that AAPL will suffer a “death cross” in the next weeks (50-DSMA crossing below the 200-DSMA), for the first time in more than 3-1/2 years.b However, Bear in mind that this is a quite lagging indicator. chart: stockcharts.com
I will rather respect the support trendline of AAPL chart: stockcharts.com
AAPL broke below both its 2-year old trendline and 200-DSMA almost simultaneously, which led to technical selling. These very same levels are the line on the sand for reentry by non-leveraged accounts. chart: stockcharts.com
Challenging support source: INVESTING.com Please read the Disclaimer!
AAPL temporarily confirmed the double top formation yesterday source: INVESTING.com Please read the Disclaimer!
AAPL supported by the 164-168 area source: INVESTING.com Please read the Disclaimer!