The price move occurred on volume that was down 32.69% from the day prior, but up 36.55% from the same day the week before.
The change in price came along side change in volume that was down 37.45% from previous day, but up 26.91% from the sunday of last week.
Is this a sign that sector rotation is about to become a much stronger aspect in 2021?
Apple earning is toward end of the month, any sell off is opportunity to get into this stock.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
This move happened on lower volume, as yesterday’s volume was down 24.81% from the day before — and down 47.73% from the same day the week before.
First nvida replaces intel w amd, then apple completely ditches intel, and then microsoft….and now the missive by a huge owner of shares of intel declaring the company is inferior to its competitors. do you have to be hit in the head with a 2×4 to get the message?
This move happened on lower volume, as yesterday’s volume was down 46.53% from the day before — and down 53.43% from the same day the week before.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.