AAPL: Testing Support with Bearish Signals
🔥 LucanInvestor's Strategy:
🩸 Short: Below $229.47, targeting $225 and $220. MACD remains bearish, and the price is below the 9-day EMA.
🩸 Long: Above $236.07, aiming for $240 and $246. A recovery above the 9-day EMA could trigger renewed buying interest.
🔥 LucanInvestor's Commands:
🩸 Resistance: $236.07 — A key level for bulls to reclaim upward momentum.
🩸 Support: $229.47 — Immediate support; breaking below this could intensify bearish pressure.
Apple (AAPL) is trading under bearish pressure, with MACD indicating continued weakness and the price below the 9-day EMA ($236.07). Elevated selling volume supports the current downtrend. A sustained move above $236.07 is needed to signal a potential reversal.
👑 "Master the moment when the market tests your conviction." — LucanInvestor
🩸 Short: Below $229.47, targeting $225 and $220. MACD remains bearish, and the price is below the 9-day EMA.
🩸 Long: Above $236.07, aiming for $240 and $246. A recovery above the 9-day EMA could trigger renewed buying interest.
🔥 LucanInvestor's Commands:
🩸 Resistance: $236.07 — A key level for bulls to reclaim upward momentum.
🩸 Support: $229.47 — Immediate support; breaking below this could intensify bearish pressure.
Apple (AAPL) is trading under bearish pressure, with MACD indicating continued weakness and the price below the 9-day EMA ($236.07). Elevated selling volume supports the current downtrend. A sustained move above $236.07 is needed to signal a potential reversal.
👑 "Master the moment when the market tests your conviction." — LucanInvestor
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.