AAPL: Is it confirming a new DIP? Only if it does this.
• AAPL looks extremely bearish, doing a new low this year;
• In the weekly chart, we see that the $128.65 was a key support level from June, which AAPL completely ignored yesterday;
• The next technical support is at $121, and in theory, AAPL is supposed to get there – if we don’t see a very good reaction rejecting the bearish sentiment;
• What could be a good reaction on AAPL? It would be important to see it closing above the $128.65 today. As this would give the impression of a false breakout from a support level, a technical bear trap, and could make yesterday bar a possible Exhaustion Bar;
• In this scenario, I see AAPL retesting the 21 ema in the daily chart again next. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• In the weekly chart, we see that the $128.65 was a key support level from June, which AAPL completely ignored yesterday;
• The next technical support is at $121, and in theory, AAPL is supposed to get there – if we don’t see a very good reaction rejecting the bearish sentiment;
• What could be a good reaction on AAPL? It would be important to see it closing above the $128.65 today. As this would give the impression of a false breakout from a support level, a technical bear trap, and could make yesterday bar a possible Exhaustion Bar;
• In this scenario, I see AAPL retesting the 21 ema in the daily chart again next. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.