Nathan_Black

AAPL: Hit our TARGET! Time to BUY the DIP?

NASDAQ:AAPL   Apple Inc
• AAPL hit our target, and it is behaving exactly as we expected since my last public analysis (link below this post, as usual);
• Now that AAPL hit our target at the 21 ema, it is doing a bullish reaction in the daily chart;
• In addition, AAPL hit a trend line, in the 1h chart, that connects the previous 3 bottoms – another meaningful support level;
• AAPL could turn bullish from here, but it has a few challenges. First, the $152 area, our previous support level, which might work as a resistance in the future. Second, if it loses the dual-support area made by the trend line (1h chart) + 21 ema (D chart), it’ll frustrate the bullish sentiment and seek the next support levels;
• AAPL looks very technical, and it has been very easy to read it lately. I’ll keep you guys posted on this.

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