Apple Inc Stock Code AAPL.NAS
Outlook
Since Conversion and Base lines had a bullish crossover, price has been moving higher. However, price has not been able to move above the cloud. Price was unable to close the gap resistance at $176.58 as well after testing the resistance twice. Recently the candles are getting smaller, hinting of fatigue in price upward movement. MACD has been weak. MACD was unable to match the previous peak even though price had matched the previous peak. This is a warning of a possible price reversal.
Strategy
$174.90 Short Sell
$164.50 Price Target
$177.30 Risk Management Stop
2 weeks Trade Duration
American International Group Inc Stock Code AIG.NYS
Outlook
Price is above the cloud but the bullish trend could be coming to an end. Price has not been able to move above the $44.90 resistance line. This price resistance has capped price advance since early Nov 2018. Recently two attempts to breach this resistance line have not been successful. Recent price advance has also lacked volume which was lower than in the past 10 days. MACD has also been weaker and there is a possible bearish divergence warning in the process of forming.
Strategy
$43.40 Short Sell
$45.20 Price Target
$40.50 Risk Management Stop
2 weeks Trade Duration
