Apple IncLong
AAPL 129.20-bullish- False range break powers a V-shape rally
AAPL surged from the 119.23 low (July 9, 2015) back above the strong 4-month range support at 121.23 (from March 12, 2015 low, near 50% of the 104.63/134.54 rise, and the 200 day moving average) to suggest a false break and extend a V-shape recovery towards 130.18. Above would focus the 133.00/134.54 key resistance area for a retest. 127.35 provides immediate support.
Outlook:
Short term: bullish
Long term: bullish
Outlook:
Short term: bullish
Long term: bullish
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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.