AAPL: We nailed the bottom! How to proceed?
• AAPL is doing exactly as we expected since our last analysis on it, and it is bouncing just after it hit a clear support level (the link to my last analysis is below this post, as usual);
• Although this movement was pretty obvious, we can’t say this bounce will become a reversal structure yet – it is too soon;
• However, AAPL has more upside, as the last gap is a technical target. The problem is that AAPL is having a hard time around the 21 ema in the 1h chart;
• By breaking this 21 ema, AAPL might finally turn bullish again. On the other hand, by losing the previous day's low, it might frustrate the bullish bias;
• In the daily chart, the 21 ema is very close to the gap area, making this point a dual-resistance level on AAPL;
• Let’s follow it closely from here.
Remember to follow me to keep in touch with my analyses!
• Although this movement was pretty obvious, we can’t say this bounce will become a reversal structure yet – it is too soon;
• However, AAPL has more upside, as the last gap is a technical target. The problem is that AAPL is having a hard time around the 21 ema in the 1h chart;
• By breaking this 21 ema, AAPL might finally turn bullish again. On the other hand, by losing the previous day's low, it might frustrate the bullish bias;
• In the daily chart, the 21 ema is very close to the gap area, making this point a dual-resistance level on AAPL;
• Let’s follow it closely from here.
Remember to follow me to keep in touch with my analyses!
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