Yes, AAPL couldn't break the 127.90 again, and it is just moving sideways now. In theory, it could drop to the 126.08 and this could offer another chance to buy, if you missed the first point.
Now it feels like AAPL has to rest a little bit, and let the bollinger bands get tighter. Although the 4h chart is not overbought, the 30min was a little, so this movement was pretty important for AAPL. This doesn't change the main bias.
The 4h chart has an advanced breakout, which the price didn't confirm yet, but it is another sign that the bulls are here. By breaking the 127.90 for good, the 131 is the next stop for us. Let's calmly wait for more signs. AAPL is in a decisive moment, and it must break the 127.90 to seek the next target.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now it feels like AAPL has to rest a little bit, and let the bollinger bands get tighter. Although the 4h chart is not overbought, the 30min was a little, so this movement was pretty important for AAPL. This doesn't change the main bias.
The 4h chart has an advanced breakout, which the price didn't confirm yet, but it is another sign that the bulls are here. By breaking the 127.90 for good, the 131 is the next stop for us. Let's calmly wait for more signs. AAPL is in a decisive moment, and it must break the 127.90 to seek the next target.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
