Apple Bounce Attempts To Correct Sell Signals (Technical Analysis, Downgrade)

Summary:

  • Warren Buffett sold half of his Apple Inc. holdings, contributing to the sell signals on the daily chart.
  • Technical bounce from oversold signal, triggered short term Full Stochastic Buy Signal, but other signals remain bearish.
  • Apple needs to change downtrend, improve money flow, and outperform the Index to reverse bearish sell signals shown on the chart.

Apple Store at 5th Ave in Manhattan, New York City

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Warren Buffett sold half of his Apple Inc. (NASDAQ:AAPL) holdings, so that may have helped trigger the Sell Signals on the daily chart shown below. Now we see a strong, technical bounce trying to correct those sell signals. This bounce


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