Apple ($AAPL) Stock Signals Bearish Trend with Breakdowns and Rejections at Critical Levels
Apple's stock ($AAPL) is showing bearish signals with a bearish engulfing bar above a critical level. The stock finished at the low of the day, indicating potential significance. Analysts note a breakdown relative to the flattening 200-day moving average, high valuation, and mixed earnings momentum. Additionally, Apple has had two consecutive weekly closes below its 200-day moving average. Recent price action includes two rejections at the 100-day moving average, with $180 identified as a crucial support level, although vulnerability persists.
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Options Mike
$AAPL 2 days 2 rejections at the 100D 180 us the must hold level.. again still feels vulnerable https://t.co/G5jLFhAGFm
Barchart Apple $AAPL just had its 2nd consecutive weekly close below its 200D moving average https://t.co/1cUVg7qshb
Global Value Hunter$AAPL -- that looks like a big rolling breakdown relative as it hangs on to a flattening 200d as valuation is at highs and earnings mo is ehhh https://t.co/TsowVOTZci
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