AAPL Weekly Perspective
I'm bearish long-term, but wouldn't be surprised if this sell-off from the past SEVEN weeks bounces temporarily from the support zone at ~$138-$140. The 100 MA has held up nicely as support in the past, and if this zone does remain a solid support, I could see AAPL trying to push back to the top of the descending channel ~$155.
If the $138 support zone can't hold, the most likely support underneath is ~$120 - which also aligns with a .50 fib retracement (backdated to March 23,2020)
I'm exercising caution shorting this at this current price level, because that $140 zone seems like a really strong area for AAPL to bounce from.
If the $138 support zone can't hold, the most likely support underneath is ~$120 - which also aligns with a .50 fib retracement (backdated to March 23,2020)
I'm exercising caution shorting this at this current price level, because that $140 zone seems like a really strong area for AAPL to bounce from.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.