Moshkelgosha

Is this a good time to buy Apple?

NASDAQ:AAPL   Apple Inc
To answer this question let's break it down:

Multi-Timeframe Analysis:

Hourly Chart: Getting out of the downward channel and finished pullback (Bullish)


Daily Chart: First higher low with above-average volume! early bullish sign!

Weekly Chart: 6 weeks price decline in a row! (Bearish)

Monthly Chart: Confirmation of the Bearish engulfing! (Bearish)

An alternative scenario:


Conclusion:
In lower time frames we have early signs of an upward move but higher timeframes are contrary to this!
A neutral position is the most likely scenario unless apple closes above 145!

I prefer to wait for a more reliable entry point





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