AAPL: What's Next May - July+
I love AAPL. Many of us do. Been a while since I posted a chart reading for AAPL .. maybe since the split ?
here's a quick chart reading for AAPL using the 1wk view
(apologies for the crowded chart - i wanted to show all recent price channels as well as the target zones)
* A new price channel is forming. that's initially a good sign.
* If that channel remains valid, it may help AAPL breach the supply zone ($135 - $140) -- we can see that previous attempts to move into that zone was met by strong supply
* the momentum is moving in the bull direction (UTO) - and according to v.viewer, the supply is fading.
Bottom line:
=============
* we're currently into a possible "buy zone" -- it seems that this is *the* dip ??
* possible upside of 10% to 15% as marked by the channel and the target zones - around 22% if we hit target #2
(Please Note: these chart readings are not trade recommendations - they are just attempts to read & analyze the chart and the indicators, and expect possible scenarios that may or may not pan out)
Good luck to all.
here's a quick chart reading for AAPL using the 1wk view
(apologies for the crowded chart - i wanted to show all recent price channels as well as the target zones)
* A new price channel is forming. that's initially a good sign.
* If that channel remains valid, it may help AAPL breach the supply zone ($135 - $140) -- we can see that previous attempts to move into that zone was met by strong supply
* the momentum is moving in the bull direction (UTO) - and according to v.viewer, the supply is fading.
Bottom line:
=============
* we're currently into a possible "buy zone" -- it seems that this is *the* dip ??
* possible upside of 10% to 15% as marked by the channel and the target zones - around 22% if we hit target #2
(Please Note: these chart readings are not trade recommendations - they are just attempts to read & analyze the chart and the indicators, and expect possible scenarios that may or may not pan out)
Good luck to all.
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