• AAPL did everything we expected it would do: Hit our target; Did a bottom at the 61.8% retracement; And it exploded afterwards – The link to my previous public analysis is below this post, as usual;
• The purple trend line in the 1h chart is working as a key resistance on AAPL, and it has to break it in order to reverse the bearish bias and seek the next target: $158.73;
• The key support is at $145.66 (red line), and if AAPL loses it, it might frustrate any bullish thesis in the short-term, and in this scenario it would seek the 61.8% retracement again;
• AAPL is doing many technical movements recently, and it has been very easy to read it. For now, keep these key points in mind. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• The purple trend line in the 1h chart is working as a key resistance on AAPL, and it has to break it in order to reverse the bearish bias and seek the next target: $158.73;
• The key support is at $145.66 (red line), and if AAPL loses it, it might frustrate any bullish thesis in the short-term, and in this scenario it would seek the 61.8% retracement again;
• AAPL is doing many technical movements recently, and it has been very easy to read it. For now, keep these key points in mind. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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