The general trend is descendant. Bears have tested the bottom border of the descendant price channel. Stochastic Oscillator indicates oversold conditions, which points to a possibility of an ascendant movement to a top border of the descendant price channel and the mirror level 0.6590.
Trading idea:
Sell from the mirror …
#HEI
The general trend is descendant. Ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochactic Oscillator signals overbought conditions. The share is traded between 356 and 135 moving averages.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the pivot 2 …
News of the day, Friday, April 29
Apple ($AAPL) reported a successful quarterly report. The revenue grew about 9% year over year. Apple’s earnings per share reached $1.52, which was higher than the forecast of $1.43 per share. The company’s gross margin expanded to 43.7% from 42.2% in the previous …
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