AAPL appears to be in a bearish zone, with a downward trajectory underway

pretiming
04-09

$Apple(AAPL)$

The weekly trend for AAPL appears to be in a bearish zone, with a downward trajectory underway. However, there are indications of a short-term entry into a rebound trend.

Overall, there is a strong selling sentiment, suggesting that during downward trends, the declines are significant and sustained. Even if a rebound trend occurs, it's likely to be temporary, with brief upward movements.

In the medium to long term, a 'sell and observe' strategy seems appropriate, and if trading is pursued, it's advisable to keep holding periods short and expectations for returns low.

Timing-wise, the current situation indicates a high likelihood of either a brief rebound trend or an immediate continuation of the downward trend. Given the expectation of further declines, it appears prudent to focus on managing downside risks.

https://www.pretiming.com/2024/04/aapl-weekly-trend-for-aapl-appears-to.html

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  • FrancesWesley
    ·04-09
    The details provided give a good overview of the current market situation.
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  • SnakeToad
    ·04-11
    good time to load up for long term investors
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  • YvonneWoolf
    ·04-09
    👍
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