Nasdaq Dorsey Wright

AAPL and NET

AAPL Apple Inc. ($185.48) - Computers - AAPL moved lower on Friday after their earnings release to break a double bottom at $186 before falling to $184 intraday. This marks the first sell signal for the 5 for 5'er after five consecutive buy signals. The stock still remains in a positive trend and sits in the top quartile of the favored computers sector RS matrix, signifying strength in its long-term technical picture. This week's pullback simply suggests near-term weakness after such rapid acceleration throughout the first seven months of the year. Further support may be seen at $178. Overhead resistance may come at the all-time highs of $198 from last month.

NET Cloudflare Inc Class A ($72.96) - Computers - OLED rose after their earnings release to break a double top at $148 before reaching $160 intraday, notching a 15% gain and a new 52-week high. This 4 for 5'er moved to a positive trend in November of last year. The technical picture remains favorable from a longer-term perspective and is showing near-term strength. Initial support may be seen at $136 with further support offered at $136 and $132. The potential for further overhead resistance may be found at $176.

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