What you see here is AAPL's weekly chart.
A week ago I mentioned apple will run to 250 and it's probably hit it today or tomorrow. But, that 250-254 is also the channel's upper resistance. Earning in 2 days.
With RSI reaching 80, it has a very less chance to fly high further. I'd expect it to pull back to 230 which is the channel's support.
AAPL
A week ago I mentioned apple will run to 250 and it's probably hit it today or tomorrow. But, that 250-254 is also the channel's upper resistance. Earning in 2 days.
With RSI reaching 80, it has a very less chance to fly high further. I'd expect it to pull back to 230 which is the channel's support.
AAPL
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Follow me on Twitter for charts, live trade ideas and market commentary
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.