AAPL: Reacting near a support level! Some Key Points for Apple!
Hello traders and investors! Let’s see how Apple is doing today!
First, Apple hit our target at the ATH ($ 137.98) which I set in my last analysis, on Dec. 16 (the link to this analysis is below, as usual), and now it is doing a pullback, which is perfectly natural.
In the hourly chart, the situation is not good, as AAPL is still under the 21 ema, and doing lower lows/lower highs. We may even have a H&S chart pattern here. It seems there’s no hope for AAPL, but let’s see what the daily chart can tell us.
It is retesting the 21 ema in the daily chart, and it is doing what could be a Piercing Line pattern. If triggered tomorrow, this reaction could be the beginning of a new bullish movement.
What’s more, we have a trendline guiding the bottoms since Nov. 24, and only if AAPL loses it we’ll see the bull trend losing strength. But as long as Apple keeps above it, we are just fine.
Remember to follow me to keep in touch with my daily analyses, and please, support this idea if it helped you!
Thank you very much.
First, Apple hit our target at the ATH ($ 137.98) which I set in my last analysis, on Dec. 16 (the link to this analysis is below, as usual), and now it is doing a pullback, which is perfectly natural.
In the hourly chart, the situation is not good, as AAPL is still under the 21 ema, and doing lower lows/lower highs. We may even have a H&S chart pattern here. It seems there’s no hope for AAPL, but let’s see what the daily chart can tell us.
It is retesting the 21 ema in the daily chart, and it is doing what could be a Piercing Line pattern. If triggered tomorrow, this reaction could be the beginning of a new bullish movement.
What’s more, we have a trendline guiding the bottoms since Nov. 24, and only if AAPL loses it we’ll see the bull trend losing strength. But as long as Apple keeps above it, we are just fine.
Remember to follow me to keep in touch with my daily analyses, and please, support this idea if it helped you!
Thank you very much.
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