Hello traders and investors! Let’s see how AAPL is doing today!
Since it lost the purple trendline, the bull trend in the 1h chart got weaker, and now it seems we have another congestion.
The price is dancing around the 21 ema, and it seems it is moving erratically. However, let’s remember that this is just a sideways correction, seen in the daily chart as well, and it is natural that AAPL will move like this.
This congestion is just a sideways correction to the 21 ema in the daily chart. Sometimes the price drops to the 21 ema (price correction), but sometimes the price moves sideways and the 21 ema hit catches up with the price (time correction). Usually, time corrections are good, as they indicate strength.
The volume is low, and it seems AAPL is about to find itself in a Trap Zone: Between the resistance at $ 149.78 and the ascending 21 ema, which is a support. As the time passes, the 21 ema will squeeze more the price, and at one point, it’ll explode – we just can’t tell to which direction it’ll explode.
Either way, the $ 141.44 is a support for AAPL, but if it loses its momentum for good, it can drop even more.
I see the Fibonacci’s Retracements in the weekly chart as targets if AAPL engages a bearish momentum. The first support is at $ 139, but I would be happier to see AAPL at $ 136, which is near the 50% retracement, the support at the black line (previous top), and the 21 ema in the weekly chart.
Let’s follow AAPL closely from now, and if you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
Since it lost the purple trendline, the bull trend in the 1h chart got weaker, and now it seems we have another congestion.
The price is dancing around the 21 ema, and it seems it is moving erratically. However, let’s remember that this is just a sideways correction, seen in the daily chart as well, and it is natural that AAPL will move like this.
This congestion is just a sideways correction to the 21 ema in the daily chart. Sometimes the price drops to the 21 ema (price correction), but sometimes the price moves sideways and the 21 ema hit catches up with the price (time correction). Usually, time corrections are good, as they indicate strength.
The volume is low, and it seems AAPL is about to find itself in a Trap Zone: Between the resistance at $ 149.78 and the ascending 21 ema, which is a support. As the time passes, the 21 ema will squeeze more the price, and at one point, it’ll explode – we just can’t tell to which direction it’ll explode.
Either way, the $ 141.44 is a support for AAPL, but if it loses its momentum for good, it can drop even more.
I see the Fibonacci’s Retracements in the weekly chart as targets if AAPL engages a bearish momentum. The first support is at $ 139, but I would be happier to see AAPL at $ 136, which is near the 50% retracement, the support at the black line (previous top), and the 21 ema in the weekly chart.
Let’s follow AAPL closely from now, and if you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good day.
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
