AAPL: Hit our TARGET! Time to BUY the DIP?
• AAPL hit our target, and it is behaving exactly as we expected since my last public analysis (link below this post, as usual);
• Now that AAPL hit our target at the 21 ema, it is doing a bullish reaction in the daily chart;
• In addition, AAPL hit a trend line, in the 1h chart, that connects the previous 3 bottoms – another meaningful support level;
• AAPL could turn bullish from here, but it has a few challenges. First, the $152 area, our previous support level, which might work as a resistance in the future. Second, if it loses the dual-support area made by the trend line (1h chart) + 21 ema (D chart), it’ll frustrate the bullish sentiment and seek the next support levels;
• AAPL looks very technical, and it has been very easy to read it lately. I’ll keep you guys posted on this.
Remember to follow me to keep in touch with my analyses!
• Now that AAPL hit our target at the 21 ema, it is doing a bullish reaction in the daily chart;
• In addition, AAPL hit a trend line, in the 1h chart, that connects the previous 3 bottoms – another meaningful support level;
• AAPL could turn bullish from here, but it has a few challenges. First, the $152 area, our previous support level, which might work as a resistance in the future. Second, if it loses the dual-support area made by the trend line (1h chart) + 21 ema (D chart), it’ll frustrate the bullish sentiment and seek the next support levels;
• AAPL looks very technical, and it has been very easy to read it lately. I’ll keep you guys posted on this.
Remember to follow me to keep in touch with my analyses!
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