TurnUpTheVolume

Aapl bear case on weekly

Corto
NASDAQ:AAPL   Apple Inc
Above is the inverted weekly chart for aapl. On a normal chart this would be a strong buy (and in the case of apple, a buy on the inverted would be a sell). We have a doji like candle on increased volume. We had very chaotic action this week hitting ATH on Monday, pulling back 2.5%, hitting a new ATH again and then pulling back. There is definitely a fight between bulls and bears. The high volume here shows signs of potential distribution. Aapl had climbed over 20% since early June with deteriorating fundamentals (supply chain issues, privacy issues, lack of true innovation, and entry into the high ticket low margin business of cars).
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