Daily timeframe analysis for AAPL
The daily support that I drew back on May 12th that started in January has broken. Failure to establish new highs in the $200 range indicate that profit taking, and a bearish reversal may be imminent.
As discussed in my previous posts on the 15-minute and 4-hour timeframes, we are looking for clear levels that will likely indicate a watershed moment for AAPL falling back into the $180's or possibly lower (although I believe buyers would step in at that point currently).
If the dashed lines break and apples drops another $7 or so, the $185 mark will become resistance once again. This was a clear threshold that wasn't even getting touched until recently. This would also be a 6.67% drop from recent highs.
As discussed in my previous posts on the 15-minute and 4-hour timeframes, we are looking for clear levels that will likely indicate a watershed moment for AAPL falling back into the $180's or possibly lower (although I believe buyers would step in at that point currently).
If the dashed lines break and apples drops another $7 or so, the $185 mark will become resistance once again. This was a clear threshold that wasn't even getting touched until recently. This would also be a 6.67% drop from recent highs.
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.