{"id":40006,"date":"2013-07-12T13:09:46","date_gmt":"2013-07-12T17:09:46","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40006"},"modified":"2013-07-12T13:09:46","modified_gmt":"2013-07-12T17:09:46","slug":"apple-inc-is-signaling-a-5-drop-on-rising-wedge","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/12\/apple-inc-is-signaling-a-5-drop-on-rising-wedge\/","title":{"rendered":"Apple Inc. Is Signaling a 5% Drop on Rising Wedge"},"content":{"rendered":"<p>Article by <a href=\"Investazor.com\/\" target=\"blank\"><u>Investazor.com<\/u><\/a><\/p>\n<p><a href=\"http:\/\/investazor.com\/wp-content\/uploads\/2013\/07\/aapl-rising-wedge-signaling-fall-12.07.2013.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1314\" alt=\"aapl-might-fall-5-percent-12.07.2013\" src=\"http:\/\/investazor.com\/wp-content\/uploads\/2013\/07\/aapl-might-fall-5-percent-12.07.2013.png\" width=\"534\" height=\"274\" \/><\/a><\/p>\n<p>Chart: AAPL, H1<\/p>\n<p>The stock of the week is Apple Inc. with a pretty interesting price pattern.\u00a0 After the 15% drop started at the beginning of June the stock managed to gain back 61.8.<\/p>\n<p>On the way up the price started drawing a Rising Wedge, which topped at 430.50$ per share. The price pattern was formed during the last 3 weeks. In all this time it can be observed that the volume started to drop. Next to this signals we can also add the 14 periods RSI which has made a negative divergence and it dropped under its trend line.<\/p>\n<p>Now the price got very close to the apex of the pattern. The width of the Wedge is 21.50 dollars. If the pattern will be confirmed by a close, on a one hour chart, under the lower line, we can expect for the stock to lose at least 5%. Why at least? Because if we look at the trend, it is descending, so a new drop might become another impulse for the current main trend.<\/p>\n<p>Even though our favorite scenario is on the down side, we have a backup. If the price will break and close above 431$ per share we will revise our analysis.<\/p>\n<p>The post <a href=\"http:\/\/investazor.com\/2013\/07\/12\/apple-inc-is-signaling-a-5-drop-on-rising-wedge\/\">Apple Inc. Is Signaling a 5% Drop on Rising Wedge<\/a> appeared first on <a href=\"http:\/\/investazor.com\">investazor.com<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Investazor\/~4\/2xw4Cf43FVI\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by Investazor.com Chart: AAPL, H1 The stock of the week is Apple Inc. with a pretty interesting price pattern.\u00a0 After the 15% drop started at the beginning of June the stock managed to gain back 61.8. On the way up the price started drawing a Rising Wedge, which topped at 430.50$ per share. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/12\/apple-inc-is-signaling-a-5-drop-on-rising-wedge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Apple Inc. Is Signaling a 5% Drop on Rising Wedge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40006","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=40006"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=40006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=40006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=40006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}