Apple Inc. looks poised to test its 50day MA on the weekly chart this week. On the daily chart, Apple is in the midst of forming a potential H&S pattern. Price action had already broken its neckline and is now testing its last major support at the 200day MA.
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On the weekly chart, Apple had a potential double top formation with spikes in volume. A break of the crucial $357 level which happens to be the neckline would see sellers coming in.
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Click to enlarge
On the weekly chart, Apple had a potential double top formation with spikes in volume. A break of the crucial $357 level which happens to be the neckline would see sellers coming in.
Click to enlarge
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