Nearly 1 million Apple Watch preorders were made in the US on the first day. Slice Intelligence estimates sales of 957,000 Apple Watch on opening day, with shoppers spending an average of $503.83 per watch.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Looking just at momentum (black line on the top panel is STO default) on the intraday 60min.
When momentum gets overbought and then wanes, it is reasonable to expect a pullback.
We are near there now.
As you can see, the pullbacks can be quite shallow (green boxes), or a bit deeper (red boxes).
Let’s assume the eventual pullback will be shallow until proven otherwise….
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
if this is broadening top with partial rebound, then should be down from now on.
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the other 2 calls about broadening top earlier, posted here for completeness, sorry posted in a wrong thread. overall, a good call.
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