Nice movements on APPLE!
Yes, AAPL is very weak, and it is in a congestion in the 30min chart. I updated the points from our last study here, and the new resistance is at 125.23, while the support is at 124.12.
It is true that the RSI is showing an advanced breakout, and the diverge we observed yesterday persists. This makes me wonder if AAPL will hit the 126 again if it breaks the 125.23.
The 4h chart has the 122 as a target, and I still think it’ll hit there, but if APL breaks the 125.23, and the last 4h candle’s high, it’ll trigger a buy, and the technical target is the 127.90. I think it is worth to add a position there, and if it fails, then wait for a reaction at the 122.
But we’ll see if AAPL will react tomorrow.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
It is true that the RSI is showing an advanced breakout, and the diverge we observed yesterday persists. This makes me wonder if AAPL will hit the 126 again if it breaks the 125.23.
The 4h chart has the 122 as a target, and I still think it’ll hit there, but if APL breaks the 125.23, and the last 4h candle’s high, it’ll trigger a buy, and the technical target is the 127.90. I think it is worth to add a position there, and if it fails, then wait for a reaction at the 122.
But we’ll see if AAPL will react tomorrow.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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