AAPL: Key Points and targets for the short/mid-term.
Hello traders and investors! Let’s see how AAPL is doing today!
First, the trend is bullish, and the 21 ema is going up along with the price, and everything seems fine with AAPL. But we must keep an eye on some important key points, as they will dictate how AAPL will behave in the next few days, if it’ll keep climbing or if it’ll drop.
The support at $ 149.10 is the first key point here. This point is the previous bottom, and keep in mind that AAPL just did a lower high (red arrow), and if we do a lower low, then the bullish bias will get weaker.
The 21 ema will point down, and this might be the beginning of a bearish movement.
The 21 ema in the daily chart is a good support level for us to work with right now, as AAPL will probably retest it if the bullish bias gets weaker.
What’s more, we’ll be back to the congestion area between the two black lines in the daily chart, indicating that AAPL made a false breakout from it recently. This is frustrating, but still not enough to reverse the trend, just to make it weaker and create a pullback.
Let’s see how it’ll behave in the next few days. If you are still here, remember to follow me to keep in touch with my daily updates.
Have a good day.
First, the trend is bullish, and the 21 ema is going up along with the price, and everything seems fine with AAPL. But we must keep an eye on some important key points, as they will dictate how AAPL will behave in the next few days, if it’ll keep climbing or if it’ll drop.
The support at $ 149.10 is the first key point here. This point is the previous bottom, and keep in mind that AAPL just did a lower high (red arrow), and if we do a lower low, then the bullish bias will get weaker.
The 21 ema will point down, and this might be the beginning of a bearish movement.
The 21 ema in the daily chart is a good support level for us to work with right now, as AAPL will probably retest it if the bullish bias gets weaker.
What’s more, we’ll be back to the congestion area between the two black lines in the daily chart, indicating that AAPL made a false breakout from it recently. This is frustrating, but still not enough to reverse the trend, just to make it weaker and create a pullback.
Let’s see how it’ll behave in the next few days. If you are still here, remember to follow me to keep in touch with my daily updates.
Have a good day.
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