After a strong rally (black trendline), AAPL entered a descending corrective channel, which looks like a classic bull flag pattern.
Now the price is breaking above the upper boundary of the channel, suggesting that the correction may be over.
Bullish Scenario (More likely now)
If the price holds above the channel, continuation upward is expected.
Bullish Targets:
• $282
• $287
• $295 (extended target)
Bearish Scenario (Failed breakout)
If price falls back inside the channel, the correction resumes.
Bearish Targets:
• $273
• $268
• $262 (major support)
Stop Loss
• Long: Below $274
• Short: Above $280.50
Now the price is breaking above the upper boundary of the channel, suggesting that the correction may be over.
Bullish Scenario (More likely now)
If the price holds above the channel, continuation upward is expected.
Bullish Targets:
• $282
• $287
• $295 (extended target)
Bearish Scenario (Failed breakout)
If price falls back inside the channel, the correction resumes.
Bearish Targets:
• $273
• $268
• $262 (major support)
Stop Loss
• Long: Below $274
• Short: Above $280.50
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.