AAPL: A correction ahead?
Hello traders and investors! Let’s talk about AAPL today!
We are in a strong bull trend, and AAPL is doing higher highs/lows in the 1h chart. I see no clear reversal or pullback sign around as well.
The $ 134.58 is working as support, and it was previously a resistance. The 21 ema is quite close to this point, making it a dual-support level in the short-term. If AAPL loses this green line, the purple line is the next target.
However, so far, we have no weakness signs on AAPL.
In the daily chart, we see that the target for this movement is the $ 136.84, and it seems AAPL will hit there, but the volume is decreasing.
This tells us that we might see a correction after AAPL hits its target, but remember: corrections are not reversals.
Apple is still in a bull trend, and it will keep trending, as long as we don’t see a clear reversal movement – Dow Theory, 6th tenet.
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Thank you very much.
We are in a strong bull trend, and AAPL is doing higher highs/lows in the 1h chart. I see no clear reversal or pullback sign around as well.
The $ 134.58 is working as support, and it was previously a resistance. The 21 ema is quite close to this point, making it a dual-support level in the short-term. If AAPL loses this green line, the purple line is the next target.
However, so far, we have no weakness signs on AAPL.
In the daily chart, we see that the target for this movement is the $ 136.84, and it seems AAPL will hit there, but the volume is decreasing.
This tells us that we might see a correction after AAPL hits its target, but remember: corrections are not reversals.
Apple is still in a bull trend, and it will keep trending, as long as we don’t see a clear reversal movement – Dow Theory, 6th tenet.
If you liked this analysis, remember to follow me to keep in touch with my daily updates. And please, support this idea if it helped you!
Thank you very much.
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