• AAPL offers a poor risk-reward at current level
• Possible downside risk toward 100
Apple’s stock price is currently trading below 200-day moving average which suggests sentiment is bearish. It shows a top pattern pointing to a possible downward trajectory. A resistance zone ranges from 138 and 153 while supports are seen around 125 and 107. At current level APPL’s stock offers a poor risk-reward. Given our base case scenario of 115 for Dec 2023, if price falls within a range between 93 and 107, it would make sense to take a long position.
• Possible downside risk toward 100
Apple’s stock price is currently trading below 200-day moving average which suggests sentiment is bearish. It shows a top pattern pointing to a possible downward trajectory. A resistance zone ranges from 138 and 153 while supports are seen around 125 and 107. At current level APPL’s stock offers a poor risk-reward. Given our base case scenario of 115 for Dec 2023, if price falls within a range between 93 and 107, it would make sense to take a long position.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.