AAPL: Doing many technical movements!
Hello traders and investors! Let’s see how AAPL is doing today!
In the 1h chart, we see some sideways correction, which is normal, and the 21 ema is here to offer a support for the price. The $ 144 is a ceiling, and AAPL must break this point and close above it in order to engage in a proper bull trend.
If we look at the daily chart, the situation looks interesting:
AAPL dropped to the 50% retracement, and it did a very good reaction, however the 21 ema at $ 144 is a resistance for us. The $ 144 seems to be an interesting price level for AAPL.
Since we are close to the resistance, if AAPL is about to trigger a pullback, now is the best time for it, and a pullback to the area around $ 142 would be just fine.
We see some early signs of reversal on AAPL, but we must patiently wait for it to trigger them. Let’s keep our eyes open, and if you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea before you leave!
Have a good weekend!
In the 1h chart, we see some sideways correction, which is normal, and the 21 ema is here to offer a support for the price. The $ 144 is a ceiling, and AAPL must break this point and close above it in order to engage in a proper bull trend.
If we look at the daily chart, the situation looks interesting:
AAPL dropped to the 50% retracement, and it did a very good reaction, however the 21 ema at $ 144 is a resistance for us. The $ 144 seems to be an interesting price level for AAPL.
Since we are close to the resistance, if AAPL is about to trigger a pullback, now is the best time for it, and a pullback to the area around $ 142 would be just fine.
We see some early signs of reversal on AAPL, but we must patiently wait for it to trigger them. Let’s keep our eyes open, and if you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea before you leave!
Have a good weekend!
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