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!
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。