As you can see, Appl has been trading in a range of about 26% since May. The POC ( Point of Control) level is 143. this is a true battleground. Apple is also the market king so if apple catches the flu, the US abd global markets will catch aids. This is why the fight is on, and the bulls sure are tough. I am neutral on this stock right now but I keep a close eye on it as a leading indicator along with BTC.
As you can see, Appl closed right below the trendline. Bulls need a clean close above 143 and a weekly close above the same level to arise my inner bullishness. Until then, I will sit on my hands and watch the saga playout.
Popcorn guys?
(MOO)
As you can see, Appl closed right below the trendline. Bulls need a clean close above 143 and a weekly close above the same level to arise my inner bullishness. Until then, I will sit on my hands and watch the saga playout.
Popcorn guys?
(MOO)