Too early to fall as a group, but we mention that some bellwethers are consolidating. As an example we take Apple (ticker: AAPL).
Be aware that Apple is overbought, but not ready to fall. For a clearer view on the trend, we look to the renko chart.
Tuesday, 12 May 2009
It's not over, until it's over
The number of shares above their 50 day moving average remains high. Above 90% of all securities quoted on the NYSE are in a bullish mood. But sentiment is top heavy.
Too early to fall as a group, but we mention that some bellwethers are consolidating. As an example we take Apple (ticker: AAPL).
Be aware that Apple is overbought, but not ready to fall. For a clearer view on the trend, we look to the renko chart.
Sphere: Related Content
Too early to fall as a group, but we mention that some bellwethers are consolidating. As an example we take Apple (ticker: AAPL).
Be aware that Apple is overbought, but not ready to fall. For a clearer view on the trend, we look to the renko chart.
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