APPLE Hit the MA50 (1w). Will it hold?
Apple hit the MA50 (1w), the strongest long term Support, for the first time in more than 7 months.
The pattern is a Falling Wedge and last time such formation tested the MA50 (1w) from above was on March 14th 2022, and the level held and rose over the 0.786 Fibonacci.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 191.00 (Fibonacci 0.786 like the 2022 fractal).
Tips:
1. The RSI (1w) is also on the same level as March 2022. An additional bullish signal.
Please like, follow and comment!!
Notes:
Past trading plan:
The pattern is a Falling Wedge and last time such formation tested the MA50 (1w) from above was on March 14th 2022, and the level held and rose over the 0.786 Fibonacci.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 191.00 (Fibonacci 0.786 like the 2022 fractal).
Tips:
1. The RSI (1w) is also on the same level as March 2022. An additional bullish signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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