Four major stocks are showing very different technical setups. Some are flashing bearish signals, while others may be approaching a relief bounce.
đ´ $Apple(AAPL)$ â Watch the 20DMA at 341
⢠A second shooting star has appeared near the upper Bollinger Band within just five trading sessions.
⢠A pullback toward the 20-day moving average, currently around 341, looks increasingly likely.
⢠The unfilled gap at 347 could act as near-term resistance.
â ď¸ Be careful chasing the extended-hours rally. The daily chart is showing signs of exhaustion.
đť $Micron Technology(MU)$ â Bearish Rejection at the 20DMA
⢠Price was rejected at the 20-day moving average.
⢠A move toward the lower Bollinger Band, currently around 814, is a potential next step.
⢠The after-hours selloff adds further weight to the bearish setup.
đĄ $Meta Platforms, Inc.(META)$ â Relief Bounce Needs Confirmation
⢠Price managed an initial relief bounce, moving back inside the Bollinger Bands.
⢠Selling pressure appears to be losing momentum.
⢠However, the indecisive daily candle is not enough to confirm a bottom.
Holding 625 tomorrow would provide an initial signal that consolidation may be developing.
đ˘ $Alphabet(GOOG)$ â Oversold Conditions Raise Bounce Potential
⢠Price has broken decisively below the lower Bollinger Band.
⢠Chasing the move with fresh short positions carries increased risk.
⢠Today's indecisive candle, accompanied by unusually high volume, points to the possibility of a relief bounce.
A short-term rebound could emerge sooner rather than later, although confirmation is still needed.
Comments
Support price also?