APPL Reversal in Play

18. Mai 2021

AAPL

• 
  
  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.

18. Mai 2021

Anmerkung

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

19. Mai 2021

Anmerkung

Second bearish EMA cross.

21. Mai 2021

Anmerkung

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