Apple (AAPL) Bear Flag Signals Downside Coming

Apple (AAPL) Bear Flag Signals Downside Coming

Published At: Nov 16, 2024 by Verified Invesing
Apple (AAPL) Bear Flag Signals Downside Coming

There are warning signs that shares of Apple Inc. (AAPL) may be on the verge of a bigger decline. This comes from technical analysis on the stock chart.

Recently, Apple broke an up-sloping trend line going back to April 2024. This had marked each low pivot since April. Price broke below it in October. Since then, Apple has seen sideways-to-slightly higher chop. This price action in technical analysis is referred to as a bear flag. It means probability heavily favors further downside.

The first downside target on Apple would be the $200 even number.

Apple may be in major trouble with the Trump administrations tariff plan on China. A huge amount of revenue comes from China and if major tariffs are levied on China, Apple will likely see retaliation from the Chinese government.

Be on high alert for further downside in shares of Apple Inc.

Tired of being blindsided by market volatility and manipulated by media hype? Verified Investing delivers the power of institutional-grade analysis directly into your hands. We cut through the noise, providing clear, data-driven insights based on proven technical analysis. Empower yourself to make informed investment decisions, free from emotional biases and with the same confidence as the Wall Street elite. Verified Investing: Your trusted guide to navigating the complexities of the market and achieving your financial goals.

Sponsor