AAPL: Will it keep correcting? Only if it does this.
• AAPL is correcting today, and it just hit its first support level at $152.55, as seen in the 1h chart above;
• Could AAPL keep correcting? Yes, but it must confirm the pullback by losing the dual support level in the 1h chart made by the $152 + 21 ema;
• If AAPL confirms a pullback, the 21 ema in the daily chart would be the next support area;
• As long as AAPL stays above the dual-support level, the trend will remain bullish in the short and mid-term, and in theory, it’ll seek the next resistance at $158.85.
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• Could AAPL keep correcting? Yes, but it must confirm the pullback by losing the dual support level in the 1h chart made by the $152 + 21 ema;
• If AAPL confirms a pullback, the 21 ema in the daily chart would be the next support area;
• As long as AAPL stays above the dual-support level, the trend will remain bullish in the short and mid-term, and in theory, it’ll seek the next resistance at $158.85.
Remember to follow me to keep in touch with my analyses!
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