AAPL Daily Chart: Price is not overbought

$Apple(AAPL)$ Daily Chart:

During the weekend, the study of volume at price indicated a potential bounce based on the current base, and the importance of recovering $171.

Apple jumped and recovered the $171 level and the 50DMA (double win), but a gap was open and price action formed a gravestone candle with high daily volume.

Price is not overbought.

The latest gravestone with a gap that had green continuation was on May 30th 2023. It was filled in August 2023.

A week of mixed signals, this will be interesting.

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https://twitter.com/SmartReversals/status/1785255013930995995

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  • HardyJenny
    ·05-07
    It'll be interesting to see how the mixed signals play out.
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