AAPL: Could it fill the gap at $ 159? Let's see.
Hello traders and investors! Let’s see how AAPL is doing today!
First, in the 1h chart, it lost the previous support at $ 166, which we mentioned last week, and now it is just seeking its next support levels. In the 1h chart, the next support is the gap, at $ 159.97.
AAPL would need to do a very good reaction today or tomorrow, and a clear bullish structure in the 1h chart in order to avoid this scenario. So far, we don’t see any meaningful bullish structure.
In the daily chart, we have a support level around the $ 163, the 61.8% Fibonacci’s Retracement, and this point is another key point to pay attention this week.
AAPL is below its 21 ema, in a support area, and the volume is very low. The situation is delicate, but what it needs to do in order to reverse is to do a very strong candlestick by the end of the week, preferably with good volume, and only then, we might consider a reversal ahead.
For now, we must wait for more signs, and watch the key points mentioned in this analysis. I’ll update you guys every day on this, so remember to follow me to keep in touch with my analyses.
First, in the 1h chart, it lost the previous support at $ 166, which we mentioned last week, and now it is just seeking its next support levels. In the 1h chart, the next support is the gap, at $ 159.97.
AAPL would need to do a very good reaction today or tomorrow, and a clear bullish structure in the 1h chart in order to avoid this scenario. So far, we don’t see any meaningful bullish structure.
In the daily chart, we have a support level around the $ 163, the 61.8% Fibonacci’s Retracement, and this point is another key point to pay attention this week.
AAPL is below its 21 ema, in a support area, and the volume is very low. The situation is delicate, but what it needs to do in order to reverse is to do a very strong candlestick by the end of the week, preferably with good volume, and only then, we might consider a reversal ahead.
For now, we must wait for more signs, and watch the key points mentioned in this analysis. I’ll update you guys every day on this, so remember to follow me to keep in touch with my analyses.
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