Everybody is covering their longs or building short positions at the 200 and moving average.
$Apple (AAPL.US)$
Apple has had a very nice rally over the past few weeks. Right now the price is currently just beneath the 200 day moving average. Be careful hear people. I don’t know if it’s going to happen today or anytime soon but always be prepared for smart money to take some profit from time to time.
Apple has had a very nice rally over the past few weeks. Right now the price is currently just beneath the 200 day moving average. Be careful hear people. I don’t know if it’s going to happen today or anytime soon but always be prepared for smart money to take some profit from time to time.
In the chart above you can see Apple’s price is just below the tuna day moving average which is the white line on the chart. In the picture below you can see how capital is flowing out of this ticker symbol in a big way. The outside is definitely not reflecting the price action. Basically what I think is people are preparing for this 200 day moving average. Some investors I thinking there could be a possible rejection of this moving average.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
It’s all about the technical analysis. Ride that trend.
120Followers
27Following
638Visitors
Follow
SpyderCall : good call out. so many investors watch the 200-day moving average. it's their entry and exit point for many people
SpyderCall : just make sure you wait for confirmation.