Apple Inc

Lets talk AAPL!!!!!!!

Good evening traders
Tonight I talk AAPL and my thoughts on where this goes(which is down)....I have ridden the AAPL wave up the last 12 months(already exited) but now am looking at a short on this stock based strictly on charting, trend analysis, market sentiment, & a GUT FEELING...Starting at the top you can see the MA's starting to curl to the downside, we have a break of the bottom trend line, & we are looking at a retest of the 200 MA in the coming days which is SUPER IMPORTANT as this stock has ridden the 200 MA all the way up from way back in Apr of 2020...On the RSI we setting lower highs and we are below the 50 RSI line WITH a cross of the signal line to downside...We are also sitting in negative MACD with continued separation from the 9 EMA signal line...Volume has stayed pretty average but I think we have some important tests coming up...With the break of the bottom trend line my thoughts are to go short now but I am holding off until I see what happens with the retest of the 200 MA...IF it breaks the 200 MA I think this stock takes a turn for a bear briefing to the downside with a 1st price target of 147ish and a 2nd price target of 138ish and a potential 3rd target of 118ish area...Let me know your thoughts....Happy Trading!!!!!!

Feragatname