Long

AAPL Bullish outlook

Apple's price is currently trading below 20 and 50 EMAs at weekly temporality but overall price action seems bullish.

Although there was a rejection at the 50 EMA in a false breakout of the falling wedge and the price is again inside the pattern it remains above EMA 200 that holds the lower limit of the long term channel.

It also looks like an Harmonic pattern has been formed at these levels, but I'm not very familiar with these guys.

Divergence at the RSI, a real break up of the falling wedge and a close over the 50 EMA are all great signs to go long at least to 200 dollars. Right now it is a high risk/reward trade but there is no confirmation yet.

Alfonsoe21

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