The Long Investor
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$AAPL TOP 20
🕑 Added 2025-04-06 17:32:52 +0000 UTCA lot of the Mega Caps look destined to test their 200 WMA as part of this corrective pull back and any of these companies at or below their 200 WMA is a an opportunity to me.
$AAPL hit a low of $187 this week and the 200 WMA is at $177, $GOOG and $AMZN are in similar situations
I believe it is very possible that these MA's can be tested this week, especially if the PM and market opens red tomorrow.
Like we saw on the $SPY '08 chart, the 200 WMA did test too and found support and then proceeded back up to the 50 WMA to test from below, so I would expect a bounce on this MA here too and we can also see that Wave B aligns with the 50 WMA too, so a bounce on the 200 WMA to the 50 WMA makes a lot of sense right now next and this is a common theme in tonight's updates.
