AAPL for short term.
AAPL near trendline support near 120 - 122 levels
if AAPL breaks daily time frame trendline then it can go till 98 - 100 levels where you can find break away gap on 31st Jul 2020.
so if AAPL breaks 120 then it can went till 96 - 100 levels where is 50 EMA support on weekly .
and if breaks 96 - 98 support and don't come back instantly then it might gone in long term correction and may test 80 levels which is 200 EMA support (weekly)
and might spend long time near 200 EMA only if breaks 96 -98
no recommendation for short because we're in long term bullish market so accumulate good quality shares at good price
TRADE AS PER YOUR RISK MANGMENT (if you want to do so)
I'm sharing my views only not any recommendation
if AAPL breaks daily time frame trendline then it can go till 98 - 100 levels where you can find break away gap on 31st Jul 2020.
so if AAPL breaks 120 then it can went till 96 - 100 levels where is 50 EMA support on weekly .
and if breaks 96 - 98 support and don't come back instantly then it might gone in long term correction and may test 80 levels which is 200 EMA support (weekly)
and might spend long time near 200 EMA only if breaks 96 -98
no recommendation for short because we're in long term bullish market so accumulate good quality shares at good price
TRADE AS PER YOUR RISK MANGMENT (if you want to do so)
I'm sharing my views only not any recommendation
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.