🍏 Apple Inc. Resistance, New Products, New Update, Old One Bust

So Apple released new computers... Great.
They also released a new update for the operating system... Yey!

Right after the update, my computer has become useless and I am feeling inspired to buy a new one... Tricky.

All updates always work great but this time, the urgent "security update" somehow makes the computer ultra buggy and slow... 🍻😌😉

Anyway, the downtrend has been broken but strong resistance lies ahead in the form of EMA300 and MA200.

Looking at past history, these levels always fail as resistance but a peak is reached soon after... Will it be different this time?

How is this stock likely to behave in the near future?

Ahhh, tough questions.

Initially, I would immediately say that a peak is soon to follow and then lower prices but then I am aware that the entire financial market moves as a whole.

I am aware of the global-financial situation from multiple perspective and have a well defined picture as to how everything is supposed to move.

The problem is that my entire study and research is mainly based on cryptocurrency...

The chart signals are saying higher so we say higher until the charts change.

There is no point in speculating, we would never buy here, we would only buy early January and at this point we would be just watching how things develop... It is too risky to jump in after the move is already on going but...

Trading is trading and there is always risks involved.

So, the first support/stop-loss comes at 143.
Above this level strongly bullish short-term.
Any trading above EMA10 also quite bullish and that's 140.

If it goes below EMA10 it would also go below the August downtrend line and so the bullish bias short-term would be lost.

Still, on a wider perspective, the bulls remain alive as long as the early January low holds.

My guess is that it can continue higher, retraces in-between is just noise, after a new multi-month high a strong correction, this correction ends in a higher low and then it goes back up again at which point we have to look at the chart again.

Here we are looking at 4-6 months in the analysis above.

I don't know how this information reads... Easy, convoluted, messy, I don't know... But if I had similar information when... Never mind.

Thanks a lot for taking the time to read and for your continued support.

Namaste.

Comment:

It is getting better now... My Mac, it is resuming its normal functioning.

So please, disregard the ranting on the initial portion of the post.