AAPL had been the strongest among the FAANG (aka MAMAA) stocks. In the past week we saw AMZN, GOOG, META breaking lower, a sign that the Nasdaq isn't on it's way to sustainable recovery anytime soon.
While AAPL appeared more resilient, it's weekly chart had been forming lower highs since the start of this year and is now back to testng a critical neckline and horizontal support zone between 129-132.
Should AAPL start to break below this "neckline", then expect more pain / volatlity in Nasdaq for a while. Cautious on AAPL at the moment unless it can trade above it's 50day moving average again for a start (preferably a golden cross too).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
While AAPL appeared more resilient, it's weekly chart had been forming lower highs since the start of this year and is now back to testng a critical neckline and horizontal support zone between 129-132.
Should AAPL start to break below this "neckline", then expect more pain / volatlity in Nasdaq for a while. Cautious on AAPL at the moment unless it can trade above it's 50day moving average again for a start (preferably a golden cross too).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.