Apple short for now- short term levels that traders should know
$Apple(AAPL.US$ after Q1 2024 earnings haven’t been moving up while Magnificant 5 (except $Tesla(TSLA.US$) are strong.
Based on the technicals, I am slightly short-term bearish on the stock, with the reasons being:
1. Lower sales range from the Chinese market, based on the Chinese economy, I do not see Apple sales doing well in China for a while
2. Technically, MACD is showing a bearish divergence suggesting a short-term reversal.
Support at 174 - 176 zone.
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