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$AAPL - Watching for Trendline Break
On the daily chart, $AAPL is approaching a significant descending trendline. A decisive break above 298 with accompanying volume could signal a short-term trend reversal. Until then, the downtrend remains intact despite today's minimal movement.
2 comments · 3 points
298 seems a bit aggressive for a short-term reversal signal, especially with the broader market looking a bit wobbly. I'd want to see it clear closer to 300-302 with conviction.