Equity Trader, Investor, Founder of Traders Club/True Vine Capital, Inc. (Stock Market Trading & Analysis) Since 2012 | CFO/Owner of Lucky Klover, Inc. (Facilities Services in MN) Since 2001--started as a Janitor, and later, founded the company with his Father.
Multi-year divergence signal continues to flare on AAPL. Would this signal lead to a steep correction going forward or can the buyers neutralize this threat?
OVERBOUGHT SIGNAL
Since the market has bottomed in October of 2022, overbought signal has been met with oscillator resetting to the bottom of the band (see chart below).
This is the first time since the March of this year that the oscillator has not retested...