• AAPL offers a poor risk-reward at current level
• Possible downside risk toward 100
Apple’s stock price is currently trading below 200-day moving average which suggests sentiment is bearish. It shows a top pattern pointing to a possible downward trajectory. A resistance zone ranges from 138 and 153 while supports are seen around 125 and 107. At current level APPL’s stock offers a poor risk-reward. Given our base case scenario of 115 for Dec 2023, if price falls within a range between 93 and 107, it would make sense to take a long position.
• Possible downside risk toward 100
Apple’s stock price is currently trading below 200-day moving average which suggests sentiment is bearish. It shows a top pattern pointing to a possible downward trajectory. A resistance zone ranges from 138 and 153 while supports are seen around 125 and 107. At current level APPL’s stock offers a poor risk-reward. Given our base case scenario of 115 for Dec 2023, if price falls within a range between 93 and 107, it would make sense to take a long position.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。