AAPL: This is why it MUST break the $ 165 area.
Hello traders and investors! Let’s see how AAPL is doing today!
In the 1h chart, we see that AAPL filled its Exhaustion Gap, and it did a strong bullish leg afterwards. This indicates that the bear trend is losing strength, and for the first time since it started the crash, we see a possible bullish structure: A pivot point, a very nice reversal pattern.
By breaking the $ 165.41, it’ll trigger this reversal chart pattern, and in this case, we can safely aim at the previous gaps (yellow squares). The $ 176.29 would be the optimal target for a short/mid-term reversal. However, it is important to wait for more confirmation, otherwise, AAPL could just keep dropping.
In the daily chart, we see an impressive reaction last week, just above a strong support area. The 21 ema is supposed to work as a resistance, and we must keep our eyes open in this area.
In my view, it is important to wait for more signs on AAPL before calling it a buy again, but I agree that the signs are quite promising. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
In the 1h chart, we see that AAPL filled its Exhaustion Gap, and it did a strong bullish leg afterwards. This indicates that the bear trend is losing strength, and for the first time since it started the crash, we see a possible bullish structure: A pivot point, a very nice reversal pattern.
By breaking the $ 165.41, it’ll trigger this reversal chart pattern, and in this case, we can safely aim at the previous gaps (yellow squares). The $ 176.29 would be the optimal target for a short/mid-term reversal. However, it is important to wait for more confirmation, otherwise, AAPL could just keep dropping.
In the daily chart, we see an impressive reaction last week, just above a strong support area. The 21 ema is supposed to work as a resistance, and we must keep our eyes open in this area.
In my view, it is important to wait for more signs on AAPL before calling it a buy again, but I agree that the signs are quite promising. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
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