Apple IncGüncellendi Multi-Timeframe analysis: Apple (May 2021)
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Flat Top (Neutral), rejected from 50 EMA, trading near its support level
Weekly Chart: Flat Top (Neutral) 5 red weeks in a row, last time it happened was October 2018, followed by a 30% correction (Bearish)
Monthly Chart: Flat Top (Neutral)
Daily average trading value (YTD): Trading 32% below YTD (money outflow) (Bearish)
Weekly average trading value: lowest since November 2020, 38% below last trading year. (Bearish)
Monthly average trading value: lowest since February 2020. (Bearish)
Conclusion: Wait to see if Apple can hold its support line, (be ready for closing your positions if you have the stock)
The most concerning point is :
Whenever Apple's average trading value dropped below its 12 monthly average we saw a correction to the level of 50 EMA/monthly.
Moshkelgosha
Hourly Chart: Flat Top (Neutral)
Daily Chart: Flat Top (Neutral), rejected from 50 EMA, trading near its support level
Weekly Chart: Flat Top (Neutral) 5 red weeks in a row, last time it happened was October 2018, followed by a 30% correction (Bearish)
Monthly Chart: Flat Top (Neutral)
Daily average trading value (YTD): Trading 32% below YTD (money outflow) (Bearish)
Weekly average trading value: lowest since November 2020, 38% below last trading year. (Bearish)
Monthly average trading value: lowest since February 2020. (Bearish)
Conclusion: Wait to see if Apple can hold its support line, (be ready for closing your positions if you have the stock)
The most concerning point is :
Whenever Apple's average trading value dropped below its 12 monthly average we saw a correction to the level of 50 EMA/monthly.
Moshkelgosha
Not
Apple is about to lose its support level! daily closure below its support strong signal to close the long position
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.