Apple has broken daily market structure at ~167$ and has been drifting lower since the start of the year. From a technical perspective, the asset appears to be heavy which is sweeping recent lows one by one.
Downside targets I am looking at are:
Target 1: $146.5
Target 2: $138.2
I am looking for a quick move lower to sweep these two lows. If Target 2 is swept then that opens up Targets 3-6.
Over the longer term I am thinking the price will continue lower with the listed lows as targets. I am thinking the second half of the move lower is likely not going to be a straight shot down. Expect chop as the price continues to decline which will likely tempt buyers into the market as short term retraces higher occur.
Target 3: $122.2
Target 4: $116.2
Target 5: $107.3
Target 6: $103.1
Downside targets I am looking at are:
Target 1: $146.5
Target 2: $138.2
I am looking for a quick move lower to sweep these two lows. If Target 2 is swept then that opens up Targets 3-6.
Over the longer term I am thinking the price will continue lower with the listed lows as targets. I am thinking the second half of the move lower is likely not going to be a straight shot down. Expect chop as the price continues to decline which will likely tempt buyers into the market as short term retraces higher occur.
Target 3: $122.2
Target 4: $116.2
Target 5: $107.3
Target 6: $103.1
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.