I wanted to publish this idea at the moment of the break down, but I simply didn't have time because we didn't have electricity in Ukraine for 15 hours a day for a few weeks already.
So, here we can see Apple breaking down a 96 days trend line thus losing a long trend. I wouldn't rely on it this much but the stock had a very big run previously and is cooling off now. This is the example of a bigger view I wrote in my other Idea of tech heavy stocks dragging the index lower. There are others which were going down for a long time already.
Right now I could see it being choppy, or making short squeezes cause we are already down a lot (for 7 red weeks straight). And cramer went bearish on it yesterday :) But the overall trend is obviously down.
Stay safe!
So, here we can see Apple breaking down a 96 days trend line thus losing a long trend. I wouldn't rely on it this much but the stock had a very big run previously and is cooling off now. This is the example of a bigger view I wrote in my other Idea of tech heavy stocks dragging the index lower. There are others which were going down for a long time already.
Right now I could see it being choppy, or making short squeezes cause we are already down a lot (for 7 red weeks straight). And cramer went bearish on it yesterday :) But the overall trend is obviously down.
Stay safe!
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.