3/17/21 AAPL Cup and Handle Speculation
Forewarning I am not a financial advisor, just a software engineer that tries to find combinatorial patterns where they don’t exist. This idea is mainly for critiques and correcting if I’m completely off-base.
There is a lower upside on the handle, but stronger resistance at a lower volume. Whats interesting is the backside of the forming handle was formed by roughly 6m in volume from 3:59:50pm to 4:00:10pm (EST).
Volume decline following the down trend, but seems to have early signs of a potential parabolic upturn.
The last Apple peak was still nearly below a full standard deviation from the RSI. It fell from there out of the Bollinger band. This isn’t included in the chart, but AAPL price increases tend to follow dips below the Bollinger bands. There is a convergence of the RSI to the handle from beginning of the cup to handle.
The last sentiment is last month Berkshire, Vanguard, and Blackrock all upped their holdings in the range of 261-280%. Today ETF’s upped their holdings by 5.8m shares.
There is a lower upside on the handle, but stronger resistance at a lower volume. Whats interesting is the backside of the forming handle was formed by roughly 6m in volume from 3:59:50pm to 4:00:10pm (EST).
Volume decline following the down trend, but seems to have early signs of a potential parabolic upturn.
The last Apple peak was still nearly below a full standard deviation from the RSI. It fell from there out of the Bollinger band. This isn’t included in the chart, but AAPL price increases tend to follow dips below the Bollinger bands. There is a convergence of the RSI to the handle from beginning of the cup to handle.
The last sentiment is last month Berkshire, Vanguard, and Blackrock all upped their holdings in the range of 261-280%. Today ETF’s upped their holdings by 5.8m shares.
Penafian
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