AAPL Down Trend Warning

18 בספט׳ 2020

Don't expect for a trend reversal soon. There is much space for AAPL go down. APPL is losing the 55 EMA, which is a reliable support when it is in a uptrend. The next support would be the fibonacci's level at $98.92, but I would't be comfortable to build a position at that level. The gap could be a better support for an entry, or even the 200 EMA. Keep in mind that AAPL is in a downtrend for now, descending tops and bottoms. Fibonacci's levels being followed. Cheers!