$AAPL has been in the news for the wrong reasons lately.
With a ban on selling its watches, $AAPL has seen its share price fall over the past week and a half. We saw a Go Countertrend Correction Icon at the last high mid December and since then GoNoGo Trend has painted a string of weaker aqua bars. We now see that price has fallen to support that comes in the form of a prior high earlier in the “Go” trend and at the same time GoNoGo Oscillator has fallen to test the zero line from above. Stuck there now for several days, we see a GoNoGo Squeeze building. This tells us that there is a tug of war between buyers and sellers at this level and we will watch to see in which direction this battle resolves. If GoNoGo Oscillator breaks out of the GoNoGo Squeeze into positive territory it would inform us that momentum is resurgent in the direction of the underlying “Go” trend and we could expect price to make a run at a new high. If the Oscillator breaks out of the squeeze into negative territory, we’d have a lot of concern regarding the health of the ‘Go” trend.
