AAPL - End of bearish wave
I believe that we are at the end of this bearish cycle, since we've reached a strong support (the black trendline ) which has been tested couple of times since Sept 2020 but never been broken.
At this point, this trendline happens to be 61.8% Fibonacci at 119.14 (very strong support as well). Besides that,
AAPL price is testing the lower band of the bollinger.
With that being said, if this week closes above 119.14, I believe it will soon tests MA 100.
At this point, this trendline happens to be 61.8% Fibonacci at 119.14 (very strong support as well). Besides that,
AAPL price is testing the lower band of the bollinger.With that being said, if this week closes above 119.14, I believe it will soon tests MA 100.
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