AAPL with all of it's great achievments has what seems started to run out of steam.... With insider trading recently and net cash flow going from a surplus in 2019 to trending negative since and at -$70 mil currently.... I see signs of weakness. Looking at the chat there are clear signs of manipulation and gapping up over solid resistance areas to get to where it is today. This recent pull back for re-accumulation looks like a failed re-accumulation mid run. This is apple so I am not sure how much of a fight this will put up. However, I feel confident this will drop to at least close the gaps. 8 Days should be enough for the $161 traget. 36days should be safe for a Price target of $152. Which seems ambitious when looking at it from the top but its been on a straight 45 degree angle since Mid March. However, this is the same stock that took from Jan 2021 to Mar 2023 to finally make support out of the 140s. If this pulled back to $152 it would be completly conservative compared to those 2 years.
This $152 area is the last place there was synergy between volume and price. Which means this is the last place buyers and sellers saw eye to eye for a period longer than a few hours.
If you like or are intrigued by this analysis pls like and follow and of course hit the BOOST button as thats how more people will be able to see this. This isn't financial advice and I wouldn't suggest blindly following my trades, if you see the price going against save your profits and or money and look for another entry.
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