We didn't get the bearish engulfing candle today, but it wasn't a strong day for AAPL either. Over the last 26 days (generally 22 days in a trading month) we've only seen 5 days in which AAPL closed lower then it opened and only 3 on any kind of volume. Over that same period, the average daily gain has been 1.04% with today's at .24%
The 2 min chart was uncharacteristically weak yesterday and today.
A closer view of the 2 min today, also note the 1-2 p.m. area in which 3C weakened like we saw in most of the market.
The 5 min chart is also hinting that we are near/at some kind of top in AAPL.
The 15 min chart is already leading negative, it added to that today.
The 30 min chart added quite a bit to its leading divergence today as well.
However as I mentioned earlier today, we can often see a series of dojis/stars before a confirmation candle.
FOSL put in 5 before it reversed -39%
No comments:
Post a Comment