Apple Trend Continuation?

1 בדצמ׳ 2020

Lately, tech stocks have seen lots of sideways price action over the last few weeks. The Apple chart looks to have formed a symmetrical triangle on top of the weekly 21EMA with hidden bullish divergence on the RSI. A daily close above the $121 resistance level could trigger a move towards the $125 weekly resistance. A weekly close above $125 may push prices back to the $137 high or the R4 yearly pivot.

17 בדצמ׳ 2020

הערה

Looks like the hidden bullish divergence is playing out, congrats to all who were on the train.