During the uptrend from the beginning of 2024, both
TSLA
and
AAPL
were laggard among big caps as they not only could not advance, but step by step moved down the key MAs: MA50, MA150, MA200.
Even the shorter MA went down lower the longer MA.
There were signs that this can change soon.
At the close of April 29, 2024, both
TSLA
and
AAPL
closed above their own MA-50 for the first time since Jan 8, 2024 for
TSLA
and Jan 30, 2024 for
AAPL
A chart of
AAPL
to compare with
TSLA
is given below.
This is the first sign that these stocks can stop decline further and start to setup some base or patterns to come back.
I am not buying both stocks now but I am closely looking for any base to form soon.
TSLA
and
AAPL
were laggard among big caps as they not only could not advance, but step by step moved down the key MAs: MA50, MA150, MA200. Even the shorter MA went down lower the longer MA.
There were signs that this can change soon.
At the close of April 29, 2024, both
TSLA
and
AAPL
closed above their own MA-50 for the first time since Jan 8, 2024 for
TSLA
and Jan 30, 2024 for
AAPL
A chart of
AAPL
to compare with
TSLA
is given below.
This is the first sign that these stocks can stop decline further and start to setup some base or patterns to come back.
I am not buying both stocks now but I am closely looking for any base to form soon.
Comment:
On April 30, AAPL failed the MA-50 the second time (first time was April 12). TSLA is still above its MA-50 so far.
