Apple Inc FORECAST: Meeting resistance soon
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AAPL Apple Inc appears to be in a long sustained BULL RUN on the D1 Time Frame, with short impulse pullbacks and long sustained daily green candles.
Stochastics and MACD points towards a strong buying pressure, both showing green in the buy zone. (Possible overbought scenario)
I'm looking for AAPL to touch the resistance line @ 314-315, for now would be a quick LONG opportunity to that line. Thereafter, watch for a rejection for a SELL to the nearest support line @ 303.25.
OVERALL, I'm bullish on Apple Inc but playing safe on the fact that:
1) 8 days of consecutive green bullish candles seen on D1 Time Frame
2) Approaching 3 lines of strong resistance levels @ 315, 323, and 327 last touched in mid - January 2020
3) Buying volume seems to be slowly dropping --> Indicating weakening buying pressure
For these reasons, I see a quick correction downwards next week or so nearing the resistance lines stated above, before continuing its bullish long term trend.
As always, REMEMBER TO LIKE AND SUBSCRIBE IF YOU LIKED WHAT I SHARED, THANK YOU ALL
Regards,
Gol D Roger
AAPL Apple Inc appears to be in a long sustained BULL RUN on the D1 Time Frame, with short impulse pullbacks and long sustained daily green candles.
Stochastics and MACD points towards a strong buying pressure, both showing green in the buy zone. (Possible overbought scenario)
I'm looking for AAPL to touch the resistance line @ 314-315, for now would be a quick LONG opportunity to that line. Thereafter, watch for a rejection for a SELL to the nearest support line @ 303.25.
OVERALL, I'm bullish on Apple Inc but playing safe on the fact that:
1) 8 days of consecutive green bullish candles seen on D1 Time Frame
2) Approaching 3 lines of strong resistance levels @ 315, 323, and 327 last touched in mid - January 2020
3) Buying volume seems to be slowly dropping --> Indicating weakening buying pressure
For these reasons, I see a quick correction downwards next week or so nearing the resistance lines stated above, before continuing its bullish long term trend.
As always, REMEMBER TO LIKE AND SUBSCRIBE IF YOU LIKED WHAT I SHARED, THANK YOU ALL
Regards,
Gol D Roger
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