Hello traders and investors! Let’s see how AAPL is doing today!
We see a nice recovery in the 1h chart, and it is trading near the key point we already mentioned at $ 161.95. This price level worked as a support and resistance a few times in the past, and once again, AAPL is struggling at this area.
If it breaks this key point, there are two interesting targets to work with. The first one is the next resistance at $ 168.90, while the next one is the gap at $ 172.31.
In my view, the recent bullish reaction is very appropriate, as we just retested the support area at $ 157 again, for the 5th time, making this the most important key point for the mid-term on AAPL.
Only if AAPL loses this point it would resume the bearish sentiment, but as long as we are above this price level, pullbacks are just opportunities to buy/add positions.
We don’t see a clear reversal pattern in the daily chart, though, but I agree that AAPL looks promising. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
.
We see a nice recovery in the 1h chart, and it is trading near the key point we already mentioned at $ 161.95. This price level worked as a support and resistance a few times in the past, and once again, AAPL is struggling at this area.
If it breaks this key point, there are two interesting targets to work with. The first one is the next resistance at $ 168.90, while the next one is the gap at $ 172.31.
In my view, the recent bullish reaction is very appropriate, as we just retested the support area at $ 157 again, for the 5th time, making this the most important key point for the mid-term on AAPL.
Only if AAPL loses this point it would resume the bearish sentiment, but as long as we are above this price level, pullbacks are just opportunities to buy/add positions.
We don’t see a clear reversal pattern in the daily chart, though, but I agree that AAPL looks promising. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
.
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