Apple Incبيع
Apple Stock - Head and Shoulders formation as Investors Wary
تم تحديثه
Hi,
AAPL daily chart has completed the formation of Head and Shoulders pattern and it is now breached. If the price goes up in the next few days and pull back on the line, it will confirm the drop. I am in the position of selling some of the portion until the next confirmation.
The drop should be contributed by the the plan of the technology titan to produce electric cars. It is seen as a big innovation as well as big investment to the company due to its reputation as having a penchant on being a disruptive company.
The production was started as a rumor. However, as the news on the company is in discussion with several suppliers to procure the lidar technology emerged, we can assume that the rumor might become reality. For information, Lidar Technology is used in self-driving vehicles.
Happy Trading!
AAPL daily chart has completed the formation of Head and Shoulders pattern and it is now breached. If the price goes up in the next few days and pull back on the line, it will confirm the drop. I am in the position of selling some of the portion until the next confirmation.
The drop should be contributed by the the plan of the technology titan to produce electric cars. It is seen as a big innovation as well as big investment to the company due to its reputation as having a penchant on being a disruptive company.
The production was started as a rumor. However, as the news on the company is in discussion with several suppliers to procure the lidar technology emerged, we can assume that the rumor might become reality. For information, Lidar Technology is used in self-driving vehicles.
Happy Trading!
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Closed at $190
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