Hello traders and investors! Let’s see how AAPL is doing today!
First, we see a very strong reaction, breaking the 21 ema along with the previous resistance at $ 140. This seems to be a V-shape recovery, just as the SPX is doing.
This is a good indicator, and this could be the beginning of a reversal on AAPL, but we must see more confirmation signs around. A pullback to the 21 ema is expected, and even desirable, but if it drops too much it could ruin the bullish reaction. Personally, I see AAPL filling the last gap (yellow square) and retesting the previous resistance at $ 149, but the situation is still delicate.
In the daily chart, the timing of this reaction was perfect, as we just hit the support level at $ 138. The $ 149 area we mentioned above is near the 21 ema as well, reinforcing that AAPL could easily bounce back up to this price in the next few days.
If this will be a dead cat bounce or not, we’ll see when we get there. However, if we break the $ 149, AAPL would trigger a double bottom chart pattern, and this could take us to higher levels, maybe to fill the gap at $ 174 (yellow area).
For now, we must wait for more signs, but this week looks promising for AAPL. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
First, we see a very strong reaction, breaking the 21 ema along with the previous resistance at $ 140. This seems to be a V-shape recovery, just as the SPX is doing.
This is a good indicator, and this could be the beginning of a reversal on AAPL, but we must see more confirmation signs around. A pullback to the 21 ema is expected, and even desirable, but if it drops too much it could ruin the bullish reaction. Personally, I see AAPL filling the last gap (yellow square) and retesting the previous resistance at $ 149, but the situation is still delicate.
In the daily chart, the timing of this reaction was perfect, as we just hit the support level at $ 138. The $ 149 area we mentioned above is near the 21 ema as well, reinforcing that AAPL could easily bounce back up to this price in the next few days.
If this will be a dead cat bounce or not, we’ll see when we get there. However, if we break the $ 149, AAPL would trigger a double bottom chart pattern, and this could take us to higher levels, maybe to fill the gap at $ 174 (yellow area).
For now, we must wait for more signs, but this week looks promising for AAPL. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
