APPLE Buy opportunity on the 1W MA50.Apple Inc. (AAPL) has been trading within a 2-year Channel Up since the January 03 2023 bottom and in the past 3 months (December 26 2024) has been forming the latest Bearish Leg. On Tuesday this Leg broke below its 1W MA50 (red trend-line) for the first time in 10 months (since May 08 2024), which is the strongest buy signal since the April 19 2024 Higher Low bottom of the Channel Up.
As you can see, even the 1D RSI pattern is similar with the one that made the October 26 2023 1W MA50 test. That was also on the 0.618 Fibonacci retracement level from the respective previous Low.
As a result, it is now highly likely to see a rebound, especially if the 1W candle closes above the 1W MA50, to test the previous High and 1.0 Fib at $260, like the December 14 2023 High did.
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