SviCapital

AAPL, Failed Breakout Confirmed, Back to Balance Bottom

NASDAQ:AAPL   Apple
From the price action perspective the failed breakout has been confirmed. The price had retreated back to consolidation area and retested top of the broken wedge. There is a small bounce as well as the RSI oversold condition. At this point the sellers may try to push and break the consolidation bottom. If they succeed it could created a strong liquidation move. If they fail the price would continue to balance in the existing range. Watching a smaller time frame may help to get on board earlier either long or short.

10/2/2019

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