Topping Pattern Ahead of Earnings: AAPL
AAPL needs to have a great earnings report on August 1st but it has a topping formation at the moment, after huge speculation from promoting something that is not yet proven to increase sales. You can't take hope to the bank. Speculation occurred as investors assumed that AI would sell more new iPhones in droves. This earnings report will reveal reality one way or another.There is a negative divergence between the price trend and accumulation/distribution suggesting there may have been quiet rotation against the retail speculation.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
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Learn how to use the technical patterns of each market participant for better trade planning.
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