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AAPL Apple Inc appears to be in a long sustained BULL RUN on the D1 Time Frame, with short impulse pullbacks and long sustained daily green candles. Stochastics and MACD points towards a strong buying pressure, both showing green in the buy zone. (Possible overbought scenario)
I'm looking for AAPL to touch the resistance line @ 314-315, for now would be a quick LONG opportunity to that line. Thereafter, watch for a rejection for a SELL to the nearest support line @ 303.25.
OVERALL, I'm bullish on Apple Inc but playing safe on the fact that: 1) 8 days of consecutive green bullish candles seen on D1 Time Frame 2) Approaching 3 lines of strong resistance levels @ 315, 323, and 327 last touched in mid - January 2020 3) Buying volume seems to be slowly dropping --> Indicating weakening buying pressure
For these reasons, I see a quick correction downwards next week or so nearing the resistance lines stated above, before continuing its bullish long term trend.
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