AAPL - 10WeekMA Cross Unavoidabale
The fake breakdown in AAPL and SPY is getting old, but the moving average cross is becoming unavoidable.
The blue resistance line in the AAPL chart is multi-year resistance (hard to breakout).
10WeekMA is pressing upwards toward this blue resistance line, leaving price no room.
10WeekMA is moving roughly $1 per day closer ($4.90 every 5 days).
With current white trendline ending 12/13, coinciding with tariffs, the moving average will be at $261 by this time.
Price will be $5 away from Moving Average right before Xmas.
Everything is lining up - although this is cutting is closer than I prefer.
Exits:
If price goes over $275 or new ATH's.
Pink Support around $240
Blue Support $180 (less likely until massive market selloff)
Please see Outter Space chart below for blue support/resistance lines reference.
JUST BECAUSE I THINK AAPL NEEDS A PULLBACK DOESN'T MEAN I HATE AAPL. PLEASE BE CONSIDERATE
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
The blue resistance line in the AAPL chart is multi-year resistance (hard to breakout).
10WeekMA is pressing upwards toward this blue resistance line, leaving price no room.
10WeekMA is moving roughly $1 per day closer ($4.90 every 5 days).
With current white trendline ending 12/13, coinciding with tariffs, the moving average will be at $261 by this time.
Price will be $5 away from Moving Average right before Xmas.
Everything is lining up - although this is cutting is closer than I prefer.
Exits:
If price goes over $275 or new ATH's.
Pink Support around $240
Blue Support $180 (less likely until massive market selloff)
Please see Outter Space chart below for blue support/resistance lines reference.
JUST BECAUSE I THINK AAPL NEEDS A PULLBACK DOESN'T MEAN I HATE AAPL. PLEASE BE CONSIDERATE
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
Aviso legal
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