• Everything is going as planned on AAPL, since our last study on it (link below this post);
• AAPL is heading to our target around the $137 - $138 area, which we set last week, and there’s no top sign on it yet;
• Even if AAPL corrects, in order for it to do a clear top sign would be important to lose the 38.2% retracement again, along with the 21 ema – this could frustrate the bullish thesis;
• However, as long as AAPL stays above these key points, the bullish bias will persist, and our first target is still the $137 - $138 area. There’s no technical reason to change it;
• There’s an Ascending Wedge in the 1h chart, and it seems AAPL wants to break it upwards, which would reinforce the bullish thesis;
• Today, it is at $135 pre-market. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• AAPL is heading to our target around the $137 - $138 area, which we set last week, and there’s no top sign on it yet;
• Even if AAPL corrects, in order for it to do a clear top sign would be important to lose the 38.2% retracement again, along with the 21 ema – this could frustrate the bullish thesis;
• However, as long as AAPL stays above these key points, the bullish bias will persist, and our first target is still the $137 - $138 area. There’s no technical reason to change it;
• There’s an Ascending Wedge in the 1h chart, and it seems AAPL wants to break it upwards, which would reinforce the bullish thesis;
• Today, it is at $135 pre-market. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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