Apple -> Is This The Top?
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Apple stock just recently tested and already rejected a very obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are having a bullish weekly ema crossover, however I personally think that we will retest the next support area at $135 before then creating the continuation towards the upside.
On the daily timeframe I am now just waiting for a clear break and retest of the previous support zone which would then be turned resistance before I then do expect a next short term impulse towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AAPL/51i40CE4-Apple-New-All-Time-Highs-Coming/
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Apple stock just recently tested and already rejected a very obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are having a bullish weekly ema crossover, however I personally think that we will retest the next support area at $135 before then creating the continuation towards the upside.
On the daily timeframe I am now just waiting for a clear break and retest of the previous support zone which would then be turned resistance before I then do expect a next short term impulse towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AAPL/51i40CE4-Apple-New-All-Time-Highs-Coming/
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