Apple_analysis
The yellow line shows the original trend line before the first downward movement
The blue lines represent the current trend and its forming symmetrical triangle (investopedia.com/terms/s/symmetricaltriangle.asp)
In any normal market, the assumption is that the trend will continue, but considering apple gonna have Earnings and they got heavily impacted by Trade war, I feel the movement is solely will be controlled by earnings numbers.
So if you believe apple earnings gonna be good, then go long or else exit.
This is not a great formation for entry, the traders will wait for the breakout which I feel at this point will happen through earnings numbers only.
The blue lines represent the current trend and its forming symmetrical triangle (investopedia.com/terms/s/symmetricaltriangle.asp)
In any normal market, the assumption is that the trend will continue, but considering apple gonna have Earnings and they got heavily impacted by Trade war, I feel the movement is solely will be controlled by earnings numbers.
So if you believe apple earnings gonna be good, then go long or else exit.
This is not a great formation for entry, the traders will wait for the breakout which I feel at this point will happen through earnings numbers only.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.