Video duration: 11min 18sec Trading room Q&A Tuesday July 7, 2020 Q: Tesla at 1370. What’s going on? How did that happen? Tesla stock price rationale Let me just say I own two Teslas. I like the car. I like – the body is terrible, but comfort – I had a Lexus before the […]
AAPL testing bottom of monthly channel and will likely enter a trading range lasting years.
This is an update on the daily, weekly, and monthly charts of AAPL, which will probably trade below 400 in the coming weeks and then sideways for years.
More down for AAPL bear, October 26, 2012
Although the Emini is still forming higher highs and lows on the weekly chart, it is in a bear channel on the daily chart. It is therefore in an early bear trend, but it still might have one more new high before it sells off to the bottom of the weekly channel. AAPL is probably […]
Top in AAPL on monthly, September 18, 2012?
I posted this on BrooksPriceAction.com on September 18, 2012. AAPL Top AAPL obviously is in a huge bull trend. However, it is at the top of a monthly channel and is trying to break above a steep bull trend channel line. That works about a third of the time. 67% chance of a Failed Breakout […]