AAPL: Absolutely bullish! Key points to watch from now.
Hello traders and investors! Let’s see how AAPL is doing today!
In the daily chart, we see that it is going up 11 days straight, and they were all bullish candlesticks. This is an incredible movement, and I think I never saw AAPL going up more than 11 days straight doing only bullish candlesticks. If someone here knows of a movement like this, please, tell me, because as far as I know, this is something new on AAPL.
If this makes you anxious about a pullback, I understand. So far, we have no pullback or reversal sign around, but if we see one, there’s no reason to panic. If AAPL is about to correct, now that we hit the previous resistance at $ 176 (green line) is a good time. Only if AAPL closes under this line and does a bearish candlestick pattern I would be convinced of a pullback.
Any drop to the 21 ema or to the black line at $ 168 must be considered just an opportunity to buy, because AAPL is in a bull trend.
Let’s look for more clues in the 1h chart:
The trend is clearly bullish here as well. Only if AAPL does a lower high/low, or loses the 21 ema along with the green trend line, we’ll see some weakness signs, that could translate in the pullback it could do in the daily chart.
However, as long as AAPL stays above these key points, it’ll be just fine. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
In the daily chart, we see that it is going up 11 days straight, and they were all bullish candlesticks. This is an incredible movement, and I think I never saw AAPL going up more than 11 days straight doing only bullish candlesticks. If someone here knows of a movement like this, please, tell me, because as far as I know, this is something new on AAPL.
If this makes you anxious about a pullback, I understand. So far, we have no pullback or reversal sign around, but if we see one, there’s no reason to panic. If AAPL is about to correct, now that we hit the previous resistance at $ 176 (green line) is a good time. Only if AAPL closes under this line and does a bearish candlestick pattern I would be convinced of a pullback.
Any drop to the 21 ema or to the black line at $ 168 must be considered just an opportunity to buy, because AAPL is in a bull trend.
Let’s look for more clues in the 1h chart:
The trend is clearly bullish here as well. Only if AAPL does a lower high/low, or loses the 21 ema along with the green trend line, we’ll see some weakness signs, that could translate in the pullback it could do in the daily chart.
However, as long as AAPL stays above these key points, it’ll be just fine. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
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