L17 Nov 2018 13:46
Managed to track you appl chart down finally, enervating job trolling through all those pearls ;-)
Great call, 200dma and the bullish hippo convergence.
Prozac 2 looks pretty likely too but little bit of strength first.
My ramblings from TECA...….
Gentleman, ladies...…..and fire.
Fwiw I've been watching appl very closely lately, and I'll tell you why, it is in the Nas, Dow and S&P, first trillion dollar stock, and the best, imo, bellwether out there of consumer driven health
ADVERTISEMENT
. It has a lot of influence on sentiment for the above reasons.
Well it has flirted with its 200 day moving average all week. I reckon it will show a bit of strength at the beginning of the week but I think it is due a further correction well below the 200 sooner rather than later which will inevitably signal further selling elsewhere.
Chart shows rapidly descending moving averages and def com 5 at 182.00
On the less scary side, appl has always attracted strong institutional buying at these 200ma points in the last few years. This is why this is so important because if this fails to mop up the selling it's a big red flag for sentiment.
https://ibb.co/hoFcEf