SviCapital

AAPL, Failed Breakout Confirmed, Back to Balance Bottom

NASDAQ:AAPL   Apple Inc
From the price action perspective the failed breakout has been confirmed. The price had retreated back to consolidation area and retested top of the broken wedge. There is a small bounce as well as the RSI oversold condition. At this point the sellers may try to push and break the consolidation bottom. If they succeed it could created a strong liquidation move. If they fail the price would continue to balance in the existing range. Watching a smaller time frame may help to get on board earlier either long or short.

10/2/2019

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