Apple has always been bullish all this while
Based on the chart, what looks like the head and shoulder pattern has been formed .
recently, Tesla went through a correction to $241 range after this pattern was spotted.
What Is a Head and Shoulders Chart Pattern in Technical Analysis?
A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.
The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.
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The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Still Aapl Is still considered to be a good pick as iPhone 15 is releasing soon. Thread carefully
* this is not a financial advice always do your own due diligence
Source
https://www.investopedia.com/terms/h/head-shoulders.asp
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