Is a Divergence Building in Apple?
Companies / Company Chart Analysis Oct 01, 2009 - 03:47 PM GMTYesterday I produced a video on how to trade divergences in the S&P 500. Today, I'm following up that video with a divergence I see developing in one of the biggest tech stocks in the world, Apple (NASDAQ_AAPL).
In this short four minute video, I'll explain some of the possible negative divergences that are building for this market. Divergences do not mean that Apple is going to collapse, as the major trend in the stock remains firmly in the positive camp. However, it could indicate that Apple is at a highpoint for the time being.
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All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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