$AAPL TOP 20
Added 2024-04-14 18:08:01 +0000 UTCAs always we start with the market leader and right now, it is showing why it has been the long standing leader for the last 20 years in the market. It is weeks, if not months ahead of the market and Mega Caps right now....having completed Wave 5 on the 14th of Dec.
I believe Wave A is complete now and the bounce we saw this week - in spite of one of the most volatile weeks over the last 14 months and where every sector got hit hard - $AAPL managed to to bounce from $167 to $178 and cleanly break out of its descending wedge that we have been waiting for.
Once the 0.38 Fib was recaptured, this also meant a breakout of the wedge and the price did not look back.
I believe there will be a drift up to the 200 Day MA over the next 2 months at $181.
The time to buy $AAPL was in the descending wedge testing the breakout, catching it now I feel is too late....waiting for Wave C to complete would more appropriate.
Very textbook here from $AAPL.
Comments
Do you teach how to do TA like this?
Chris Jay
2024-04-14 20:22:30 +0000 UTCThe 200 Day MA is at $181 now, this is the level to watch
Gareth Neary
2024-04-14 18:20:31 +0000 UTCThought in your previous charts Wave B was at $188
Ramesh Ayyagari
2024-04-14 18:11:33 +0000 UTCCap : "I believe there will be a drift up to the 200 Day MA over the next 2 months at $181" is the $181 supposed to be $188 here in your write up?
Ramesh Ayyagari
2024-04-14 18:10:32 +0000 UTC
