I walk through updating my trendlines and support/resistance lines to show you how I refresh my charts.
AAPL caught my attention because it is down in pre-market. This may create an opportunity to get in at a better price. It's stabilized from the February downtrend, holding above the 10&20 EMAs.
This gap down can hold around 206 where it's at now, or can fall further. If it falls further, wait for it to stabilize again or look for a strong pivot.
I think the higher probability is: it will dance around that 206 and EMA and do a shorter (intraday -3 day) reset to go higher.
If/when AAPL is a go to the upside again, look out for these potential pause or pullback points:
212-214 recent consolidation area
216 declining 50sma
226 recent previous resistance and 200SMA
237 break of weekly downtrend line and end of last year resistance levels
250 pivot high at the end of February
259 ATH
AAPL caught my attention because it is down in pre-market. This may create an opportunity to get in at a better price. It's stabilized from the February downtrend, holding above the 10&20 EMAs.
This gap down can hold around 206 where it's at now, or can fall further. If it falls further, wait for it to stabilize again or look for a strong pivot.
I think the higher probability is: it will dance around that 206 and EMA and do a shorter (intraday -3 day) reset to go higher.
If/when AAPL is a go to the upside again, look out for these potential pause or pullback points:
212-214 recent consolidation area
216 declining 50sma
226 recent previous resistance and 200SMA
237 break of weekly downtrend line and end of last year resistance levels
250 pivot high at the end of February
259 ATH
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.