On a monthly log scale basis, AAPL has had a nice leg of uptrend since April 2003 in which the uptrend line was broken in Jan 2013. An decade anniversary of uptrend!
Now, the price is coming back again to re-test the MAJOR Resistance at 100.72.
MACD & RSI both are going to have lower high even if it breaks the resistance.
Last and important clue, for those who also take into account of volume, does the 2 bars of unusual volume signals professional distribution or accumulation?
We will discover soon on the judgement day.
Now, the price is coming back again to re-test the MAJOR Resistance at 100.72.
MACD & RSI both are going to have lower high even if it breaks the resistance.
Last and important clue, for those who also take into account of volume, does the 2 bars of unusual volume signals professional distribution or accumulation?
We will discover soon on the judgement day.