Apple currently has a descending wedge formation. The supports in the wedge are respectively 170 dollars, 160 dollars and then 153 dollars as the bottom. The wedge gets tightly stuck here and the feature of the wedge is reverse momentum, that is, an upward movement can be expected here. Let's look for closings above 183 dollars in case the price goes out of the wedge before reaching here. In closings above this number, our sequential targets are indicated with Fibonachi resistances. This is an educational study, definitely not investment advice.
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