Stock market: Apple is under pressure
Read the article on FBS website
Trade idea
SELL 184.00; TP 178.00; SL 185.50
The company’s presentation on Monday didn’t save its stock from correction. The price returned below the 200-day MA (193.00) and the 50-week MA (188.60). All in all, this year the stock retraced up almost 61.8% of the 2018-2019 decline, but the psychological mark of 200.00 turned out to be too big an obstacle.
Awesome oscillator didn’t confirm the recent high of the price and a bigger correction towards the trendline support in the 178.00 area is possible if the market goes below 185.00.
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