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Apple's Shares Likely to Spring Up Shortly
Apple had one of its best quarters ever, posting record-breaking revenue growth. Even still, the share price fell by $3 on iPhone chip supply bottlenecks.
The correction is likely to bottom out at the 23.6 per cent Fibonacci retracement level, creating an opportunity for trend-continuation trading.
The market is likely to price in these concerns later today, allowing for sustained price appreciation afterwards. Bulls should consider going long only on the condition that the share price consolidates within the Pennant over the next several hours.
The correction is likely to bottom out at the 23.6 per cent Fibonacci retracement level, creating an opportunity for trend-continuation trading.
The market is likely to price in these concerns later today, allowing for sustained price appreciation afterwards. Bulls should consider going long only on the condition that the share price consolidates within the Pennant over the next several hours.
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