Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term rejection away from the support zone and then the longer term continuation towards the upside.
On the daily timeframe it seems like today's candle will close with a massive rejection wick, indicating selling pressure so it is quite likely that we will see at least a short term rejection away from this resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term rejection away from the support zone and then the longer term continuation towards the upside.
On the daily timeframe it seems like today's candle will close with a massive rejection wick, indicating selling pressure so it is quite likely that we will see at least a short term rejection away from this resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
📈Support and resistance is really all you need...
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Follow my daily analysis for free:
🔥 t.me/basictradingpublic
Work with me (Everything from A-Z):
📈 www.basictrading.net