Apple A Buy? Not Yet + Altcoins Bear-Run!

٢٠ مايو ٢٠٢٢

I am seeing many ads on the news section here calling for a "BUY" on the Apple (AAPL) stock...
We say... Not yet.

It is true we have support weekly on EMA100 (blue line) but there is still plenty of room for additional drop.

As it is happening with the Altcoins bear-run... (more below), AAPL very likely has another major drop coming before the bear-run is over.


Additional chart signals

We have a lower high, while prices close below EMA10 trending lower.


(There can be a bounce before lower prices).

Last time we had a similar correction, AAPL found support at the 0.618 Fib. retracement level.
This time around this level is set at 102.73.

When we look at the monthly chart, we can see prices closing below EMA10, aiming at EMA50...

Just like I explained in my BTC Dec. 2021 trade idea...

This means that AAPL can still correct by an additional 25% if all goes good, it can be more.

The market moves in cycles...
Up and down, up and down...
The Up phase has been going forever for Apple, time to go down based on the signals coming from this chart.

Now, let's compare... The Altcoins.

See how they also went through a Bear-Run.
Once the bear run is over, many new opportunities will show up.

Cardano's Bear Run

Solana's Bear Run

Ethereum's Bear Run

Bitcoin's Bear Run

Binance Coin Bear Run

Terra's Bear Run

Polkadot's Bear Run

Thank you for reading.
Thanks a lot for your continued support.

Namaste.