Keep an eye on Apple (AAPL).
After dropping from about $195 to a low of $168.49, the tech giant appears to have caught strong triple-bottom support dating back to September. The stock is also technically over-extended on RSI, MACD, and Williams’ %R. From its current price of $170.73, we’d like to see Apple initially refill its gap around $180.
In addition, we have to consider that Apple could soon get swept up in the artificial intelligence boom. The company sees “incredible breakthrough potential for generative AI, which is why we’re currently investing significantly in this area,” Cook said, as quoted by CNBC. “We believe it will unlock transformative opportunities for our users when it comes to productivity, problem-solving and more.”
While the company hasn’t unveiled any new products just yet, it’s coming. And it could help push Apple shares higher again soon.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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