https://sporeshare.blogspot.com/2024/03/apple-chart-wise-bearish-mode-after.html
APPLE - Chart wise, bearish mode! After hitting the recent high of 196 ot has succumbed to selling down pressure and sliding down all the way to touch 168 before bouncing off to close at 172+, looks rather weak on Both Daily and weekly chart. Do take note!
Let's see if she is able to rise up to cover the Gapped at 178. If not, it may go down to retest 168 again!
Breaking down of 166 which is the 200 days moving average on the weekly chart that would be very negative as it means the trend may turn into long term downtrend direction!
If that happens, the price may go further down towards 150 than 130 and 120.
It has a Beta of less than 1.00 seems like a less risky stocks counter!
Cautious mode!
Pls dyodd.
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