https://www.tradingview.com/x/wmpiOGnq/
It appears that Apple has a bullish divergence on MACD on a daily chart. In my opinion there should be some upside from this level. The troughs of price are at the same level but that of MACD shows up a bullish divergence (going from smaller trough to a bigger trough with price remaining constant on two dates.
Also, roughly it looks like an inverse head and shoulder pattern in the formation. If there is a pattern breakout, it could give an upside of 20-30 points.
However one thing to keep in mind is that DJIA is in an intermediate downtrend and the upside could be somewhat limited if DJIA continues it's downward journey.
Notes:
-This is purely my view based on my knowledge and is not influenced by anyone.
-I personally don't own this stock.
-You shall be solely responsible for any investment decision and resultant profit or loss.
It appears that Apple has a bullish divergence on MACD on a daily chart. In my opinion there should be some upside from this level. The troughs of price are at the same level but that of MACD shows up a bullish divergence (going from smaller trough to a bigger trough with price remaining constant on two dates.
Also, roughly it looks like an inverse head and shoulder pattern in the formation. If there is a pattern breakout, it could give an upside of 20-30 points.
However one thing to keep in mind is that DJIA is in an intermediate downtrend and the upside could be somewhat limited if DJIA continues it's downward journey.
Notes:
-This is purely my view based on my knowledge and is not influenced by anyone.
-I personally don't own this stock.
-You shall be solely responsible for any investment decision and resultant profit or loss.
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.
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.