Hello to all watching my charts
Today i will bring to you something new in my chartbook
Apple AAPL as a stock chart in 1 Day so we look at a longer timeframe
So every red step is 1 day.
As we are able to see, these stock trades very fine
in direction of the trendlines which has been established
SHORT after brake of resistances 212 USD
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.