Perfectly bounced off the support and after yesterdays sessions sentiment in general is bullish (still we have some room to go down before earnings). If price will break the resistance ~$138.5, we should see strong moves to the upside. TP1 145 TP2 148 TP3 152
Apple has made a double high formation at $140, which leads to a price drop. I see it as a little bit risky to short APPL, so I am inclined to open LONG positions at $113 and $101. If we cross the double high, let's enter the LONG positions during the pullback from the top of $140.
AAPL has confirmed a bullish trend on 1 Dec 2020 through three signals: 1. Breaking the downard arch (in red) starting on 2 Sep 2020. 2. printing a green 2 above a green 1 on the TD sequential indicator. 3. Launching off of the bottom of the blue channel. 4. The two arches (red and green) act like a triangle which was also broken upwards. To me, this is a very...