Apple has been the safe haven for many years... but with tech and the overall economy coming to a decline we are seeing many stocks breakdown including AAPL. As we look at the chart with the Ichimoku Cloud we see price has broken down below the cloud and has actually sustained below the cloud for the last couple 4 hour candles. That is a bearish sign for AAPL. I believe we have to breakdown to $135 minimum, but you didn't hear this from me.. I'll be buying AAPL around $95...
- The white arrow below the cloud shows price below the cloud, which represents a bearish movement ahead.
- The white arrow above the cloud shows the red (Kijun Sen) and blue line (Tenken Sen) above the price which indicates bearish movement.
- The white arrow below the cloud shows price below the cloud, which represents a bearish movement ahead.
- The white arrow above the cloud shows the red (Kijun Sen) and blue line (Tenken Sen) above the price which indicates bearish movement.