AAPL: Pay attention to these KEY POINTS!
Hello traders and investors! Let’s see how AAPL is doing today!
First, in the 1h chart, we are clearly bullish, as AAPL is doing higher highs/lows and it is above the 21 ema (which is pointing up). As long as it stays above the 21 ema, it won’t reverse, but if it does, the gap at $ 132 area might get filled.
The main challenge for AAPL seems to be the red line at $ 137, as this is a key resistance that worked a few times before, and it is trying to work again. By doing a breakout, preferably closing above this line, AAPL could trigger the next bullish movement to fill the previous gap at $ 142.
Maybe this could be an Inverted Head and Shoulders chart pattern as well. Either way, the key point is the same: $ 137.
The main problem with AAPL is that the trend is still bearish in the daily chart. We are doing lower highs/lows and we are below the 21 ema. The short-term momentum is bullish, but the mid-term isn’t.
In this case, we must pay extra attention to the 21 ema. If AAPL does any top sign around it, it might frustrate the bullish sentiment in the 1h chart.
Moments like this are complex and difficult, as charts don’t speak the same language, but soon AAPL will become easy to read again. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily insights!
First, in the 1h chart, we are clearly bullish, as AAPL is doing higher highs/lows and it is above the 21 ema (which is pointing up). As long as it stays above the 21 ema, it won’t reverse, but if it does, the gap at $ 132 area might get filled.
The main challenge for AAPL seems to be the red line at $ 137, as this is a key resistance that worked a few times before, and it is trying to work again. By doing a breakout, preferably closing above this line, AAPL could trigger the next bullish movement to fill the previous gap at $ 142.
Maybe this could be an Inverted Head and Shoulders chart pattern as well. Either way, the key point is the same: $ 137.
The main problem with AAPL is that the trend is still bearish in the daily chart. We are doing lower highs/lows and we are below the 21 ema. The short-term momentum is bullish, but the mid-term isn’t.
In this case, we must pay extra attention to the 21 ema. If AAPL does any top sign around it, it might frustrate the bullish sentiment in the 1h chart.
Moments like this are complex and difficult, as charts don’t speak the same language, but soon AAPL will become easy to read again. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily insights!
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