Unlike most stocks, Apple held remarkably well amid a global market correction. Where, Apple's stock only fell by 3% this month. Now, price is trading at key resistance. In addition, Apple is expected to announce Q3 earning after market hours today. This could be a catalyst for a potential breakout from the current channel trend.
Trade Step-ups:
Bullish Breakout: Price breaks current trend, look for consolidation above 221.00. Profit levels to look for are 225.00 & 229.00
Bearish Reversal: Price rejects a breakout from current trend channel. Look for a potential move to test key support level at 215.00
Trade Step-ups:
Bullish Breakout: Price breaks current trend, look for consolidation above 221.00. Profit levels to look for are 225.00 & 229.00
Bearish Reversal: Price rejects a breakout from current trend channel. Look for a potential move to test key support level at 215.00
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.