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Apple's stock ($AAPL) is exhibiting extreme volatility with its daily Relative Strength Index (RSI) hitting multi-year lows. The stock has seen consecutive days of decline, with candlesticks outside the lower Bollinger Bands, a rare occurrence for the company. Analysts note similarities to past market conditions, signaling potential shifts in market dynamics.
Apple $AAPL has traded red for 6 consecutive days which it has done several times in the last year. But 7 day losing streaks are rare! Let's see what tomorrow brings. https://t.co/i6d8RhE186
In 2008 at its must brutal $AAPL daily RSI hit 17. It is currently 22 and $QQQ hit all time highs last Friday. A changing of the guards is underway, and that puts more responsibility on the semiconductor bulls to run the market.
In 2008 at its must brutal $AAPL daily RSI hit 17. It is currently 22 and QQQ hit all time highs last week. A changing of the guards is underway, and that puts more responsibility on the semiconductor bulls to run the market.