AAPL: Time to BUY the DIP? Let's see.
• AAPL dropped sharply last week, and it lost its previous support level at $141.92;
• In theory, since it is a bearish momentum, our next stop is the support at $133;
• However, today’s reaction might jeopardize this reading;
• So far, AAPL is doing a bullish reaction, and if it closes above the $141.92, it’ll give the impression of a false breakout and a bear trap;
• If this scenario materialize, AAPL will probably bounce back up to the next resistance at $148;
• This isn’t a mid-term bullish reversal, but could be the beginning of one;
• For now, let’s focus on the $141.92, and on how it’ll close today.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
• In theory, since it is a bearish momentum, our next stop is the support at $133;
• However, today’s reaction might jeopardize this reading;
• So far, AAPL is doing a bullish reaction, and if it closes above the $141.92, it’ll give the impression of a false breakout and a bear trap;
• If this scenario materialize, AAPL will probably bounce back up to the next resistance at $148;
• This isn’t a mid-term bullish reversal, but could be the beginning of one;
• For now, let’s focus on the $141.92, and on how it’ll close today.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
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