Important Stocks To Watch - Stocks At Or Near 50 MA, 200 MA, Chart Patterns

If Apple Breaks Out Of This Pattern It Will Destroy The Bears

Some stocks just have the ability to make or break the market. At this crucial moment, Apple is trying to do something that may stun the stock market. After moving sideways for quite a while, Apple is making same highs but higher lows.

Some may recognize this as an ascending triangle.

Since its a daily chart we do not know how long it will take to break out. But the stock is fast approaching an apex point. Therefore, it will either breakout or breakdown.

Since Apple is in an uptrend, the bias is towards a bullish break out. The rising 50 MA also gives us a reason to be bullish bias.

If Apple break out of this ascending triangle, the US stock market will explode even higher. All 3 major indexes, the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite Index will shoot up higher.

That's because Apple is a seriously big and important component of these 3 main indexes. It is also the world's biggest company by market cap. 

Apple's tentacles reaches far and wide around the world. With many company's bread and butter depending on it. Therefore, if Apple breaks out of the ascending triangle, many tech stocks around the world will also shoot higher.

And of course...

The bears will get destroyed when the market rises.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. October 2021 Stock Market Analysis

    Oct 27, 21 09:09 AM

    Are the markets in an uptrend or downtrend? Where are the support and resistance areas? Stock market analysis for October 2021.

    Read More

  2. Technical Analysis Of Tesla Stock, TSLA

    Oct 26, 21 05:47 AM

    A look at Tesla stock chart using technical analysis. Is it in an uptrend or downtrend and where are the support and resistance?

    Read More

  3. Technical Analysis Of KLCI

    Oct 25, 21 09:20 PM

    Technical analysis of KLCI, learn the trend of the index and support and resistance areas.

    Read More

  4. Technical Analysis Of Oil Prices : Where Will Oil Go?

    Oct 24, 21 07:32 PM

    Analysis of oil prices. Is it in an uptrend or downtrend and where are the support and resistance.

    Read More

  5. CTXR, $2.30 To $4.50 In 12 Trading Days

    Oct 24, 21 07:03 PM

    Learn how the cup with handle pattern hinted of a big run in CTXR.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.