There are three indications to AAPL rising and breaking out to new all-time highs. The MACD crossover, The pattern we saw on the stock chart and finally the rsi moving up like it did last time there was a breakout. Could this mean a breakout? This is an update to my previous post. Warning! I am to a financial adviser and Investing is risky. Happy trading!
NASDAQ:AAPL
NASDAQ:NDAQ
AAPL broke structure and headed into a deep downtrend. Bulls may see this as an opportunity to push the market higher, however this push will be overtaken by an overall market slope.
Apple has recently taken fresh support from 160 and formed strong Bullish Engulfing candle which shows bulls are trying to take control. I will be Bullish on Apple this week as company is fundamentally strong. I will BUY near 165-163 with The STOPLOSS of 159 For The TARGET of 170 and Monthly Target of 180-190.
Apple Inc finally breaks out to the downside after a very weak last week, prices could see the $70 area medium term. Refer to older post below for more details.
