$AAPL TOP 20
Added 2024-09-08 10:38:29 +0000 UTCI think $APPL is still showing relative strength compared to the other Mega Caps, it is still at its 50 Day MA and has only tested its 0.38 Fib on this pull back and is moving in line with the $SPY and not the $QQQ
This is likely down to the $AAPL launch day for the Iphone 16 in the next week or so
This may be a positive or negative, the price is clearly holding well until then but if the product underwhelms, we may see another buy the rumour, sell the news event like what happened with $NVDA leading to earnings.
No changes to the chart but there is no concern here as long as $AAPL holds one of the smaller white fib levels above $210
