AAPL: Could it drop? Check these key points.
Hello traders and investors! Let’s see how AAPL is doing today!
First, it is a clear bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s no bearish structure. Is there any chance that it’ll correct? Always, and we’ll get our first warning sign if AAPL loses the $ 152.34 (green line).
This will trigger a bearish pivot point that could create a pullback in the daily chart. What’s more, it seems it is the neckline of an inclined H&S chart pattern.
The thing is, even if AAPL corrects, we must be aware that it is in a very strong bull trend in the mid-term, and it has many support levels that are future bottom candidates.
First, we have the $ 151.68, the previous top, and then, the $ 150.86. The 21 ema is another reliable support level for us. Despite the possibility of a pullback in the daily chart, this hardly will work as a reversal, as we lack stronger bearish structures. This means only pullback, so far.
For now, let’s keep our eyes on the $ 152.34, as this is the main key-point for the short-term. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
First, it is a clear bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s no bearish structure. Is there any chance that it’ll correct? Always, and we’ll get our first warning sign if AAPL loses the $ 152.34 (green line).
This will trigger a bearish pivot point that could create a pullback in the daily chart. What’s more, it seems it is the neckline of an inclined H&S chart pattern.
The thing is, even if AAPL corrects, we must be aware that it is in a very strong bull trend in the mid-term, and it has many support levels that are future bottom candidates.
First, we have the $ 151.68, the previous top, and then, the $ 150.86. The 21 ema is another reliable support level for us. Despite the possibility of a pullback in the daily chart, this hardly will work as a reversal, as we lack stronger bearish structures. This means only pullback, so far.
For now, let’s keep our eyes on the $ 152.34, as this is the main key-point for the short-term. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
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