Newtonian Apple-new normal?
….so goes the market. The greatest stock of them Apple, is showing “diturbing” signs of higher volatility. The biggest hedge fund hotel stock of all times, has lost the magic touch and trading at multiweek lows. What is even more concerning is the big volatility we are witnessing. This is a classical top formation, with every momo long Apple, waiting for the stock to hit 1k. With many of the new “smart” fundamental Apple longs, we are up for some interesting trading here. Beware of falling Apples.
3 Apple charts below.
Long term
Slightly shorter term. Mind the gaps.
Pay attention to the “sudden” volatility increase.
good post. ATR has nearly tripled in AAPl this year and has increased by nearly 50% just in April. Rapid ATR expansion often a good exit point.