Apple surrounded with negative signals - Analysis - 23-05-2019

Economies.com
2019-05-23 09:31AM UTC

Apple's stock tumbled 2.05% in the last session, piercing the upward short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, especially if the support of 180.70 was breached, targeting the next one at 170.00. 

 

Expected trend for today: Bearish 

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