Watching $AAPL at 297.19. It seems to be having trouble staying above the 300 mark. If it closes below 297 on the daily, I might consider that a short-term bearish signal, potentially targeting 290. Thoughts?
What's your time horizon for this 'short-term bearish signal'? Daily close can be tricky, especially with end-of-day volatility.
I'm holding long, but keeping a close eye on it. If it breaches 295 convincingly, I'll start trimming a bit.
Are you looking at volume alongside price action? Low volume on a dip might suggest less conviction for a true breakdown.
While 297 is a key level, I'd be more focused on the broader market sentiment. If the general market dips, AAPL will likely follow regardless of its own technicals.
Disagree. I think this is just profit-taking after a decent run. Don't see a breakdown coming yet, could consolidate around 295-300 before moving higher.