Stock Markets Analysis and Opinion
Apple Channel Remains Key
2022.06.02 00:47
The title pretty much says it all, but to recap:
- Apple (NASDAQ:AAPL) is the most important NASDAQ Composite stock there is;
- It also happens to be one of the few stocks propping up this still comically-overvalued stock market;
- It respected its channel for years until just recently;
- Its lower trendline is now resistance, instead of support;
- I suspect it’s going to plunge in short order.
Apple Daily Chart.
