AAPL: Another day, another rejection at the 50-day moving average (50DMA)

SmartReversals
05-02

$Apple(AAPL)$ : Another day, another rejection at the 50-day moving average (50DMA).

The gravestone candle from Monday seems to be confirming its bearish signal. The gap has been filled as expected, and a new gravestone doji has formed.

The Stochastic indicator is curling down again, which is not a good sign since Apple's price often follows these oscillator signals.

The only positive element in the chart is the low volume for the recent gravestone candle.

$163 will be reached soon if AAPL does not recover $171 quickly.

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