This Bounce Raises Concerns: Shooting Star at 20DMA for AAPL
$Apple(AAPL)$ This bounce is exhibiting weakness, as evidenced by the shooting star pattern formed at the 20DMA. Recently, the oscillator has at least validated a move up to the 50DMA in similar situations.
Several indecisive candles observed during the March bounce offer similarities with this bounce.
This weekend's newsletter delves deeper, analyzing weekly charts for $Apple(AAPL)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $NVIDIA Corp(NVDA)$ $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$, and all major indices. Weekly charts provide a clearer picture by filtering out the noise of daily volatility.
Gain access through the link in bio to discover the crucial level that needs to be reclaimed and potential destination if earnings reports disappoint.
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