Hello, Traders!
Monfex is at your service and today we overview AAPL.
What do you expect from Apple ?
Loud presentation, nothing special, no new products, no revolutionary technologies... Stocks simply continue to grow, the artificiality of this growth is very felt.
On the chart, we see how a small bullish flag was formed, inside a large ascending channel, which is aimed at the previous highs and highs for the entire history of Apple of trading on the stock exchange.
A deep triple bearish divergence is visible on the RSI indicator, which gives us reason to doubt the continued growth of such a strong mark of price resistance.
The expected reversal is possible near the zone of annual resistance of the zone and at the resistance of the ascending channel, upon reaching which it will be an overly strong sell signal!
By breakout the support line we can assume a target near ~ $146.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview AAPL.
What do you expect from Apple ?
Loud presentation, nothing special, no new products, no revolutionary technologies... Stocks simply continue to grow, the artificiality of this growth is very felt.
On the chart, we see how a small bullish flag was formed, inside a large ascending channel, which is aimed at the previous highs and highs for the entire history of Apple of trading on the stock exchange.
A deep triple bearish divergence is visible on the RSI indicator, which gives us reason to doubt the continued growth of such a strong mark of price resistance.
The expected reversal is possible near the zone of annual resistance of the zone and at the resistance of the ascending channel, upon reaching which it will be an overly strong sell signal!
By breakout the support line we can assume a target near ~ $146.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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