APPLE - lower part of a 30 minute channel still BULLISH for now!
Apple has been riding within a 30 minute channel for the past 2 months since OCT 1. Still BULLISH for now I believe....as there is room to move higher.
NOTES:
IT HAS BEEN FOLLOWING THE CHANNEL pretty well upper and lower parts within it --- with some more growth available ahead of it, to the $300+ level where there may be some resistance or corrections coming with a strong pull back ---- this is visible on a larger weekly chart time scale, from my view. Unless some negative NEWS changes the landscape...and it drops sooner. Next earnings report Jan 2020. Still bullish for now, BUT there will be a SHORT opportunity coming... as a TEST (larger channel in play for that). IMO.
NOTES:
IT HAS BEEN FOLLOWING THE CHANNEL pretty well upper and lower parts within it --- with some more growth available ahead of it, to the $300+ level where there may be some resistance or corrections coming with a strong pull back ---- this is visible on a larger weekly chart time scale, from my view. Unless some negative NEWS changes the landscape...and it drops sooner. Next earnings report Jan 2020. Still bullish for now, BUT there will be a SHORT opportunity coming... as a TEST (larger channel in play for that). IMO.
Uwaga
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