AAPL: Trading in a CRITICAL support area!
• AAPL is doing an important reaction above the 50% Fibonacci’s Retracement;
• Since it lost our support at 38.2%, I thought it would seek the 61.8%, however, the 50% is surprisingly strong. The link to my last analysis on AAPL is below this post, as usual;
• There’s still a chance that it’ll seek the 61.8%, as there’s no bottom sign confirmed on AAPL yet, but this reaction makes my original thesis weaker;
• Either way, any bullish reaction above the retracements might indicate a bounce to higher levels, in the short/mid-term;
• For now, AAPL is trading at its retracements area, and we must pay extra attention on it, as it is a critical key point that could reverse the trend. I’ll keep you posted on this.
Remember to follow me to keep in touch with my analyses!
• Since it lost our support at 38.2%, I thought it would seek the 61.8%, however, the 50% is surprisingly strong. The link to my last analysis on AAPL is below this post, as usual;
• There’s still a chance that it’ll seek the 61.8%, as there’s no bottom sign confirmed on AAPL yet, but this reaction makes my original thesis weaker;
• Either way, any bullish reaction above the retracements might indicate a bounce to higher levels, in the short/mid-term;
• For now, AAPL is trading at its retracements area, and we must pay extra attention on it, as it is a critical key point that could reverse the trend. I’ll keep you posted on this.
Remember to follow me to keep in touch with my analyses!
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