Despite the fact that I don’t get involved with US instruments ( stocks, ETFs or else) this is a very educational chart which I would like to share. It is courtesy of StockCharts.com with thanks.
2016 Low to most recent high Aple is up around %100. Does it deserve a break after a move of this kind ? Re – Fuelling ?
What is the MAJOR TREND of APPLE if a weekly chart is analysed taking a medium term analysis view (months) ? How are we treating the current price action behaviour of the weekly ? Can anyone see a MAJOR TREND REVERSAL ?
Will APPL go anywhere in a hurry ? I doubt. Re-Accumulation process takes a little while unless a major trend reversal is on hand.
Here is the Apple Inc (APPL) 5 minute chart. Why bother ? Check the daily to see where the price is approaching and one may understand my motive in going down to a 5 Minute chart.
After the FLASH-OUT Candle what do we see ? All on the chart enjoy.
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