Estimated Earnings April 28th..
There is still a possibly bearish rising wedge under price. Rising wedges can represent too much buying without enough selling, or healthy pull backs. A RW causes an interruption in supply and demand. In the end there is too much supply. It is a long term pattern and not valid unless bottom trendline is broken. Both trendlines slope up and converge at the apex.
There is support at mid cup (MC) or under handle low. Some use the last pivot low as support.
Long after AAPL is safe from the Rising wedge that is under price.
Not a recommendation
A chart is just an Xray of supply and demand.
There is still a possibly bearish rising wedge under price. Rising wedges can represent too much buying without enough selling, or healthy pull backs. A RW causes an interruption in supply and demand. In the end there is too much supply. It is a long term pattern and not valid unless bottom trendline is broken. Both trendlines slope up and converge at the apex.
There is support at mid cup (MC) or under handle low. Some use the last pivot low as support.
Long after AAPL is safe from the Rising wedge that is under price.
Not a recommendation
A chart is just an Xray of supply and demand.