) is currently within a rising wedge
formation; and the top of the wedge
nearly coincides with the previous peak back between September and October of 2018. They also have some potential fundamental headwinds with the US/China trade tension, and the hype from their new Iphone and new apple
products might begin to wane. The 225-230 level is proving to be a difficult resistance to break. The target of the rising wedge
would put the price roughly around $180, but I am also watching the 50/100/200 day MA's as possible bounce points.
MA Guide (All daily for this post):
50 MA in Green.
100 MA in Yellow.
200 MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
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