Since 2004 AAPL has only broken its 50M MA once and that was during the GFC of 08. It had 3 subsequent attempts but each time the 50m MA held.
As AAPL is at risk of becoming entangled in the US / China / Taiwan conflict, it's share price is at risk of making another attempt for the 50m MA, close to $100.
As posted earlier on the short term chart, AAPL shows strong RSI divergence on the hourly. The entire move from low $150 to recent highs looks suspect.
As AAPL is at risk of becoming entangled in the US / China / Taiwan conflict, it's share price is at risk of making another attempt for the 50m MA, close to $100.
As posted earlier on the short term chart, AAPL shows strong RSI divergence on the hourly. The entire move from low $150 to recent highs looks suspect.