Trend line of the Apple price move from the March bottom near 219
shows a vertical almost straight up move in the stock which invites the eventuality
that the stock could fall substantially, on any bit of market disappointing news.
You can see rom the indicator box, shown here, that the ATR Indicator shows a significant bearish divergence
including the most recent down turn in this indicator, when AAPL was making a new all time high.
Apple's stock could break down significantly, taking the rest of technology with it.
Think Nasdaq 100, which has already shown it's first sign of a" technical crack",in the last two weeks.
if a stock is priced to absolute perfection like Apple is,
there is ultimately no room for error.
APPL Last 388.00
THE_UNWIND
7/22/20
NEW YORK
shows a vertical almost straight up move in the stock which invites the eventuality
that the stock could fall substantially, on any bit of market disappointing news.
You can see rom the indicator box, shown here, that the ATR Indicator shows a significant bearish divergence
including the most recent down turn in this indicator, when AAPL was making a new all time high.
Apple's stock could break down significantly, taking the rest of technology with it.
Think Nasdaq 100, which has already shown it's first sign of a" technical crack",in the last two weeks.
if a stock is priced to absolute perfection like Apple is,
there is ultimately no room for error.
APPL Last 388.00
THE_UNWIND
7/22/20
NEW YORK