$AAPL hasn't done much in the last 10 day trading days and has stayed tightly range bound. Upcoming resistance area is 175.57 - 176.94. Once this resistance is cleared, its most likely headed to 181.50 and then 184.70. If there is a sell off next week, it will most likely bounce from 168.39 - 167.19, and will also find support at the up trending line. AAPL is a good buy for a swing in the buy zone as identified by the support lines.
US-China trade news can make it go in either direction. Next week is news critical. Markets will make moves depending on what kind of trade-related news we get.
If you would like me to analyse a stock ticker, please feel free to mention in the comments.
US-China trade news can make it go in either direction. Next week is news critical. Markets will make moves depending on what kind of trade-related news we get.
If you would like me to analyse a stock ticker, please feel free to mention in the comments.
Comment:
AAPL rejected hard from the breakout line today. Positive trade news but market looked weak overall. Let's see if it gets a breakout this week or it will fall back to the purple trend line and possibly the weekly and daily support identified.
