$AAPL - Weekly Outlook Feb 25 - Mar 01
Updated
AAPL hasn't done much in the last 10 day trading days and has stayed tightly range bound. Upcoming resistance area is 175.57 - 176.94. Once this resistance is cleared, its most likely headed to 181.50 and then 184.70. If there is a sell off next week, it will most likely bounce from 168.39 - 167.19, and will also find support at the up trending line. AAPL is a good buy for a swing in the buy zone as identified by the support lines.US-China trade news can make it go in either direction. Next week is news critical. Markets will make moves depending on what kind of trade-related news we get.
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Note
AAPL rejected hard from the breakout line today. Positive trade news but market looked weak overall. Let's see if it gets a breakout this week or it will fall back to the purple trend line and possibly the weekly and daily support identified.
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