BY LICIA LESLIE

July 23, 2023

Hi Shoppers,

On July 5th, I told you Apple (Ticker: AAPL) was ready to rollover and trade lower.

It wasn’t.

But, now it just may be.

It shot up five bucks the other day in literally less than ten minutes because the algos read a statement with AI in it.

Just to fall back down to within $.66 from where it started.

Ridiculous.

Here is the five minute chart:

But that’s what moves our markets these days, machines.

We just do our best to read the charts.

That action formed a change in trend candle and we have confirmation signaling AAPL to trade lower.

Here is the shooting star created by the price action on Wednesday:

We have two days of confirmation, AAPL trading lower.

I think it can trade down to that support level at $187.

You know what to do.

Trade Review

I called for Zoom Communications (Ticker: ZM) to trade lower.

It didn’t, it had a bit of a rally on Friday.

But …

It was not able to close over the 200 day moving average.

It could still test that $68 level, just use $70.50 as your bail out point.

Thanks for Reading … See You Next Tuesday,

Licia Leslie