We can’t remember the last time we saw a stock trend above the 20EMA chart for 15 days and even more impressive trend above the 9EMA for 8 days. $AAPL is the only stock in our universe that has done that this year. Any other examples out there (non-small cap)?
If you want to short this behemoth at least do yourself a favor and wait for the trend (at least the 20ema/60min) to break.
20EMA is blue line, 9EMA is orange.
Market Tops Take Time Form
1 hour ago