Apple Soon To Crash
APPLE SOON TO CRASH!
Looking at apple on the one month chart you see some interesting things. First of all in the picture below as the huge bull market trend started in apple in 2005 there was an explosion of volume in the direction of the trend helping it along. The typical strong trend has volume supporting the trend in the direction it travels(in an up trend as price goes up, volume goes up, as price goes down, volume goes down). But with apple it seems that volume has stopped supporting it fully. As price does up the volume continues to get smaller and smaller as its long trend continues. And what's interesting is that when price decreases as you can see in the picture marked in green, volume increases. So it's pretty much clear that the institutions are pulling their money out which is why the volume is spiking as price decreases. No retailers are doing that(or are even able to do that). But what makes this crash soon to come is that the institutions have basically pulled out so much money(marked in pink) in the past few months that they have revealed their selling price zone(supply zone in). So as you can see in the picture marked in the orange line, when price hits the 206 line(looks like it will happen in the middle to end of this year ,latest 2020) it will begin to tank to the down side leaving all these retail investors(everyday people that invest like uncle joe and aunt wilma) wiped out because it pretty obvious that they are the only ones still long(buying) apple. A possible exit is the 94 price level which seems like a pretty clear support level marked in the yellow line level.
Looking at apple on the one month chart you see some interesting things. First of all in the picture below as the huge bull market trend started in apple in 2005 there was an explosion of volume in the direction of the trend helping it along. The typical strong trend has volume supporting the trend in the direction it travels(in an up trend as price goes up, volume goes up, as price goes down, volume goes down). But with apple it seems that volume has stopped supporting it fully. As price does up the volume continues to get smaller and smaller as its long trend continues. And what's interesting is that when price decreases as you can see in the picture marked in green, volume increases. So it's pretty much clear that the institutions are pulling their money out which is why the volume is spiking as price decreases. No retailers are doing that(or are even able to do that). But what makes this crash soon to come is that the institutions have basically pulled out so much money(marked in pink) in the past few months that they have revealed their selling price zone(supply zone in). So as you can see in the picture marked in the orange line, when price hits the 206 line(looks like it will happen in the middle to end of this year ,latest 2020) it will begin to tank to the down side leaving all these retail investors(everyday people that invest like uncle joe and aunt wilma) wiped out because it pretty obvious that they are the only ones still long(buying) apple. A possible exit is the 94 price level which seems like a pretty clear support level marked in the yellow line level.
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