Apple has really never broken a trend line since the stock split. Just for that reason alone this is a good trade.
However, I'm not crazy about the divergence with the RSI making lower highs as the price made a higher high. There is also a decrease in volume since then.
This is a daily chart so this trade would likely take a while. If the market is in a good mood you'll likely get a short term bounce at least.
However, I'm not crazy about the divergence with the RSI making lower highs as the price made a higher high. There is also a decrease in volume since then.
This is a daily chart so this trade would likely take a while. If the market is in a good mood you'll likely get a short term bounce at least.
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