AI stocks are under attack and I foresee this continuing for a little bit maybe July/August before we see a strong turnaround.
Software stocks MSFT, APP, NOW... now, NO PUN INTENDED, have a little wiggle room to prove their worth. As money rotates to these sectors/areas, we saw APP price break down to the lowet trendline and buyers stepped in.
1. This past week, we saw price close above the weekly 20ma, which has been a springboard for APP to get rolling.
2. Third touch of trendline support
3. Each touch of the bottom trendline has yielded a higher high
Software stocks MSFT, APP, NOW... now, NO PUN INTENDED, have a little wiggle room to prove their worth. As money rotates to these sectors/areas, we saw APP price break down to the lowet trendline and buyers stepped in.
1. This past week, we saw price close above the weekly 20ma, which has been a springboard for APP to get rolling.
2. Third touch of trendline support
3. Each touch of the bottom trendline has yielded a higher high
Trade attivo
The price did what we had hoped now it's back at a key level which was a support/neckline area. Going to see if it can reclaim 200ma and then we are up from here. 
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.