Apple: Stock Market Update
by Antonis Benis, on Nov 20, 2019 3:44:56 PM
The stock is approaching major resistance at Gann resistance level $287/289 and the 1x14c Gann angle (see charts 1,2).
- 161,8% retracement from the January low at $290
- TD monthly sequential 9 sell setup will be complete this month
- Seasonality supportive until December 6th (see chart 3)
"courtesy to seasonax.com"
Once the top is in, ideally in the first half of December, expect a swift correction that may give back half of the gains from the January major low; for now, support at the 20d EMA.
Keep in mind that APPLE tends to peak and bottom with the general stock market and vice versa.
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