Apple IncShort
AAPL to $100?
Greetings All,
AAPL is bearish in the short-term (technical correction) based on price falling below the 20, 50, and 100MA. AAPL is currently at a very strong level of support at $116, and could decide to retrace upward from here. However, AAPL is approaching the 200MA (yellow line) which is also the S2 level around $113. The red trend-line is acting as resistance. AAPL may decide to close the $95 - $100 gap created last July, as shown in the chart (yellow box), which coincides with the 50% retracement level.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
AAPL is bearish in the short-term (technical correction) based on price falling below the 20, 50, and 100MA. AAPL is currently at a very strong level of support at $116, and could decide to retrace upward from here. However, AAPL is approaching the 200MA (yellow line) which is also the S2 level around $113. The red trend-line is acting as resistance. AAPL may decide to close the $95 - $100 gap created last July, as shown in the chart (yellow box), which coincides with the 50% retracement level.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Verbundene Veröffentlichungen
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.