On Monday session, Apple Inc. down $3.89 to $144.22
Wall Street is worried that protests and lockdowns in China could continue hurting iPhone production.
Chart Analysis for coming days and weeks (not for daytrading!)
As per current scenario, AAPL is in ‘Wait n Watch’ zone as stock seems to make lower highs and taking support @ 135 levels, which is also an important support as of now.
Strength above 145 can the stock towards 148-150 range and sustain at these levels then 151-153 levels can also be seen.
Upside targets in bullish scenarios is marked in dotted black lines.
If in case, negative news keep on coming from China, then due to gap down openings 140-135 levels can also be seen.
Traders should patiently wait for bullish movement until and unless 140 levels is gone.
December monthly options would be good idea to bet on this scenario with predefined risks and SLs.
Wall Street is worried that protests and lockdowns in China could continue hurting iPhone production.
Chart Analysis for coming days and weeks (not for daytrading!)
As per current scenario, AAPL is in ‘Wait n Watch’ zone as stock seems to make lower highs and taking support @ 135 levels, which is also an important support as of now.
Strength above 145 can the stock towards 148-150 range and sustain at these levels then 151-153 levels can also be seen.
Upside targets in bullish scenarios is marked in dotted black lines.
If in case, negative news keep on coming from China, then due to gap down openings 140-135 levels can also be seen.
Traders should patiently wait for bullish movement until and unless 140 levels is gone.
December monthly options would be good idea to bet on this scenario with predefined risks and SLs.