• AAPL is doing many technical movements recently, as it behaved exactly as we expected since our last analysis (link to it below this post);
• It lost our key support level (purple trend line in the 1h chart + 21 ema in the daily chart), and this triggered the sell-off;
• Now, as we expected, it is just after its next support levels. Today, we just hit the previous bottom at $134 (with an astonishing precision, by the way), and AAPL is trying to stabilize in this area;
• There’s not a single bullish reaction yet, but if we see one, the timing couldn’t be better;
• In my view, any bounce would make AAPL fill the previous gap (yellow square) and seek its 21 ema in the daily chart;
• This wouldn’t be a bullish reversal, just a bounce, and to reverse this bearish sentiment, AAPL must do a clear bullish structure first;
• I’ll keep you guys posted on this.
Remember to follow me to keep in touch with my analyses!
• It lost our key support level (purple trend line in the 1h chart + 21 ema in the daily chart), and this triggered the sell-off;
• Now, as we expected, it is just after its next support levels. Today, we just hit the previous bottom at $134 (with an astonishing precision, by the way), and AAPL is trying to stabilize in this area;
• There’s not a single bullish reaction yet, but if we see one, the timing couldn’t be better;
• In my view, any bounce would make AAPL fill the previous gap (yellow square) and seek its 21 ema in the daily chart;
• This wouldn’t be a bullish reversal, just a bounce, and to reverse this bearish sentiment, AAPL must do a clear bullish structure first;
• I’ll keep you guys posted on this.
Remember to follow me to keep in touch with my analyses!
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