During August, $AAPL completed a bullish Bat pattern.
The "China flash crash" on the second half of August created a False Break to the pattern that I used for a long entry near 105$, when the price closed above X point again.
Last week I've uploaded a special video to Youtube describing this bullish setup during September 9th event and mentioned that if the price will remain above 110$ it will present a buying opportunity for a continuation move towards the target levels - 116$ and 120$
(see the video - www.youtube.com/watch?v=GmFVqA68... )
110$ was validated as support the next day and $AAPL's price climbed towards the targets.
With the bullish momentum we see in RSI following the RSI's buy signal, I think that it's a matter of time before we will see $AAPL re-testing its 200 SMA line from below.
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews - goo.gl/4z09V2
To subscribe to the newsletters - goo.gl/HXjCPV
The "China flash crash" on the second half of August created a False Break to the pattern that I used for a long entry near 105$, when the price closed above X point again.
Last week I've uploaded a special video to Youtube describing this bullish setup during September 9th event and mentioned that if the price will remain above 110$ it will present a buying opportunity for a continuation move towards the target levels - 116$ and 120$
(see the video - www.youtube.com/watch?v=GmFVqA68... )
110$ was validated as support the next day and $AAPL's price climbed towards the targets.
With the bullish momentum we see in RSI following the RSI's buy signal, I think that it's a matter of time before we will see $AAPL re-testing its 200 SMA line from below.
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews - goo.gl/4z09V2
To subscribe to the newsletters - goo.gl/HXjCPV
