AAPL: In a Bull Trend! What to expect next?
• AAPL is heading to the next technical resistance at $158.85, as seen in the daily chart;
• The bias is bullish, as AAPL is doing higher highs/lows in both, hourly and daily charts;
• Yesterday, it just retested the 21 ema, before flying again, indicating that this is a key support for the mid-term;
• What if AAPL corrects? In the short-term (1h chart), we can work with the previous top at $152.55 as our next support. This price is close to the 21 ema as well, indicating a possible dual-support level;
• What if AAPL loses its short-term support levels? The short-term bull trend would be frustrated, and AAPL might trigger a sharper pullback to the 21 ema in the daily chart, the next technical support;
• Either way, AAPL lacks bearish signs as for today, so the bull trend is still intact.
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• The bias is bullish, as AAPL is doing higher highs/lows in both, hourly and daily charts;
• Yesterday, it just retested the 21 ema, before flying again, indicating that this is a key support for the mid-term;
• What if AAPL corrects? In the short-term (1h chart), we can work with the previous top at $152.55 as our next support. This price is close to the 21 ema as well, indicating a possible dual-support level;
• What if AAPL loses its short-term support levels? The short-term bull trend would be frustrated, and AAPL might trigger a sharper pullback to the 21 ema in the daily chart, the next technical support;
• Either way, AAPL lacks bearish signs as for today, so the bull trend is still intact.
Remember to follow me to keep in touch with my analyses!
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