AAPL: Next Key Points we all must keep in mind!
Hello traders and investors! Let’s see how AAPL is doing today. It’s been a while since my last analysis, so, let’s update a few points. The link to my last analysis is below, as usual.
First, in the hourly chart the trend is still bearish. We had no reversal sign around, and the support level at $ 130 (black line) which we discussed in my last analysis didn’t hold the price. But it is impressive how Technical Analysis works very well, as after this support level was lost, AAPL bounced back to the black line, and it worked as a resistance, all according to the Principle of Polarity.
Now we have two possible Pivot Points. The green line represents a bullish pivot, and if triggered, could be a reversal sign. The red line is a bearish pivot, and if triggered, nothing will change for AAPL, and the short-term bear trend will persist.
Now, to the daily chart:
We had a H&S pattern, which I wasn’t convinced was going to be triggered, but it was. But now, AAPL is reacting, after it lost the $ 130, the $ 126 and almost lose the $ 120.
Yesterday’s volume is a very good indicator, but we must wait for more confirmation. The Key Points mentioned in this analysis are going to determine if AAPL is bullish or bearish in the next few days.
Remember to follow me to keep in touch with my daily updates on stocks and indices, and if you liked this idea, please, support it!
Thank you very much!
First, in the hourly chart the trend is still bearish. We had no reversal sign around, and the support level at $ 130 (black line) which we discussed in my last analysis didn’t hold the price. But it is impressive how Technical Analysis works very well, as after this support level was lost, AAPL bounced back to the black line, and it worked as a resistance, all according to the Principle of Polarity.
Now we have two possible Pivot Points. The green line represents a bullish pivot, and if triggered, could be a reversal sign. The red line is a bearish pivot, and if triggered, nothing will change for AAPL, and the short-term bear trend will persist.
Now, to the daily chart:
We had a H&S pattern, which I wasn’t convinced was going to be triggered, but it was. But now, AAPL is reacting, after it lost the $ 130, the $ 126 and almost lose the $ 120.
Yesterday’s volume is a very good indicator, but we must wait for more confirmation. The Key Points mentioned in this analysis are going to determine if AAPL is bullish or bearish in the next few days.
Remember to follow me to keep in touch with my daily updates on stocks and indices, and if you liked this idea, please, support it!
Thank you very much!
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