All right, AAPL almost hit our target at 131! It did exactly what we said in our last analysis, 4 days ago, and now we have a lot to catch up!
The problem is that now it is already looking overbought, and this smells pullback to me.
It has been in a consolidation in the last 2 days, and the BB are getting tighter now. This is somewhat good for AAPL, but if it loses the 129.30 it’ll drop to the 127.90 again.
Apple closed a candlestick outside the BB yesterday, and today the price closed inside it, and this is another pullback indicator. The RSI was almost at the 70, but now it is dropping.
If we see the Nasdaq index dropping again, it is easy to see AAPL at 127.90 again, before it hits the 131. Maybe it’ll give another chance to buy, if the right pattern appears around there.
Let’s wait and see for more patterns confirming our thoughts.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa
The problem is that now it is already looking overbought, and this smells pullback to me.
It has been in a consolidation in the last 2 days, and the BB are getting tighter now. This is somewhat good for AAPL, but if it loses the 129.30 it’ll drop to the 127.90 again.
Apple closed a candlestick outside the BB yesterday, and today the price closed inside it, and this is another pullback indicator. The RSI was almost at the 70, but now it is dropping.
If we see the Nasdaq index dropping again, it is easy to see AAPL at 127.90 again, before it hits the 131. Maybe it’ll give another chance to buy, if the right pattern appears around there.
Let’s wait and see for more patterns confirming our thoughts.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa
