Apple IncLong
AAPL 113.79 – bullish – Range breakout triggers further upside
AAPL 113.79 – bullish – Range breakout triggers further upside
AAPL rallied through the 20/50 day moving averages and then the 112.75 range ceiling (October 12, 2015) to confirm a 3-week range breakout. The 20/50 day moving averages now reverts to support, underpinning further upside towards 116.89/117.65 (September 14/August 17, 2015 highs) near 61.8% of the 132.97/92.00 fall. Above lies the 200 day moving average currently at 121.37. 112.10 (October 15, 2015 high) provides immediate support ahead of the 20/50 day moving averages currently at 111.62/112.16 respectively.
Outlook:
Daily: bullish
Weekly: bullish
AAPL rallied through the 20/50 day moving averages and then the 112.75 range ceiling (October 12, 2015) to confirm a 3-week range breakout. The 20/50 day moving averages now reverts to support, underpinning further upside towards 116.89/117.65 (September 14/August 17, 2015 highs) near 61.8% of the 132.97/92.00 fall. Above lies the 200 day moving average currently at 121.37. 112.10 (October 15, 2015 high) provides immediate support ahead of the 20/50 day moving averages currently at 111.62/112.16 respectively.
Outlook:
Daily: bullish
Weekly: bullish
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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.
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.