AAPL was already showing a strong divergence between the price and the RSI, and it was too oversold last week. Now AAPL is doing a good movement, but it has yet to break the 127.90 to confirm a bullish trend.
We see that the 127.90 is a pivot point in the 4h chart, and we also have the 20ma pushing the price down. AAPL must break these two points to reverse the trend for good. The 131 is the first target, while the 137 is the second one.
The RSI is looking interestin. We have no divergence in the 4h chart, but it almost looks like one. Let's watch these two points next!
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See you soon,
Melissa.
We see that the 127.90 is a pivot point in the 4h chart, and we also have the 20ma pushing the price down. AAPL must break these two points to reverse the trend for good. The 131 is the first target, while the 137 is the second one.
The RSI is looking interestin. We have no divergence in the 4h chart, but it almost looks like one. Let's watch these two points next!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
