Lagging Indicators Confirm Bearish Phase For Growth, And Further Downside Potential For AAPL
Portfolio Pulse from David Keller
The article discusses the use of leading and lagging indicators in technical analysis, using Apple Inc. (NASDAQ:AAPL) as an example. The author notes that AAPL has entered a downtrend since July, with the Relative Strength Index (RSI) indicating a potential change in trend. However, the author remains on the sidelines due to the clearly defined downtrend in price on weak momentum.
October 24, 2023 | 6:13 pm
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Apple Inc. is currently in a downtrend, with the RSI indicating a potential change in trend. However, the author advises caution due to the weak momentum.
The article provides a technical analysis of AAPL, indicating a downtrend since July. The RSI, a leading and lagging indicator, suggests a potential change in trend. However, the author remains cautious due to the weak momentum, which could indicate continued downward pressure on the stock.
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