$AAPL TOP 20
Added 2024-05-19 10:08:59 +0000 UTC$AAPL has bounced on the 0.5 Fib from $164 and hit $190 this week post earnings, after revealing they are buying back shares to a total of $110 Billion.....although it has rallied, I don't believe many people are too enthusiastic about entering here because of how damaging their sales declines have been.
After such a large rise over a short period of time, we are expecting a pull back next.
$AAPL and $TSLA were the only Mega Caps to lose both their 50 and 200 Day MA and fall as far down as their 0.5 Fib this year, so it is likely that their decline is not complete just yet.
My count remains as shown, a pull back shortly will tell us all we need to know, especially if the price action can hold above the 50 or 200 Day MA.
