I would be slightly concerned here for $APPS holders. The trajectory is showing more downside as this moves down the wedge. Since losing the blue line first in May, it has become weaker and involved in some wild swings since the start of the year too. Earnings caused this to drop rapidly too in May....so I suspect a run of positive earnings could help turn this around, the company needs to deliver now.
Kristof Van Nevel
2023-06-21 17:41:49 +0000 UTC