$AAPL closed above its 200 weeks MA last week and also created a weekly False Break.
As long as the 200 SMA line holds as support, $AAPL has the potential to rally higher towards the 100$ to re-test that important psychological zone and the Fast SMA line.
The final target zone for this bullish setup is the downtrend line shown at the chart.
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week- goo.gl/AqcUZn
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As long as the 200 SMA line holds as support, $AAPL has the potential to rally higher towards the 100$ to re-test that important psychological zone and the Fast SMA line.
The final target zone for this bullish setup is the downtrend line shown at the chart.
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week- goo.gl/AqcUZn
To subscribe to the newsletters - goo.gl/JfOLoR
Comment:
Nice continuation so far this week. Approaching first target zone
