Apple (AAPL) – April 27, 2024

Has the proverbial AAPL fallen from the tree?

crop woman holding ripe plucked apple in hand in autumn garden

Last post on AAPL: https://bartscharts.com/2024/01/28/apple-aapl-january-28-2024/

Pretty wild that the worlds most famous company seems to certainly adhere to the vibration of those trading/investing in it … the geometry has certainly been something.

Dare we trust my Elliott Wave Count showing 5 waves complete from a couple posts ago? Or, the fact that the geometry creating the gravity center up there in time and space caused the resistance which – thus far- cause AAPL to star falling from the proverbial tree. Is it going to hit any of us on the head?

So, we have broken and closed below (on a monthly basis) a 21 year support trendline (have no clue if that’s important from a fibo perspective or not) and the next realy important trend line is the dashed purple support line … it’s already been tested and worked causing the most latest run up to all new time highs …

Guess the question is are you willing to make the bet that the “dashed purple line” will hold as support again and AAPL continues its amazing run higher …hmmm.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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