Short

Apple - Back to no.1 in the world!

Updated

is back to being no.1 in the world after rallying 11% in two days.

After moving higher +25% over the past two months, Apple is now back to being the most valuable company in the world with a market cap of 3.4 trillion dollars. This means that Apple is now back to leading the indices but Apple is also retesting resistance. A pullback is definitely likely considering that trees do not grow to the sky, but the overall trend is simply clearly bullish!

Levels to watch: $170, $215

Keep your long term vision,
Philip - BasicTrading

Note

Quick update on Apple:

Microsoft and Apple are performing a head to head race. Which one is the most valuable company in the world by market cap? Apple however is starting to show first signs of weakness at resistance and will maybe start a small correction soon.

Levels to watch: $210, $170

Note

Quick update on Apple:

So far, Apple stock is once again perfectly respecing structure and playing out as anticipated. Rejection away from resistance, soon followed by a retest of the previous all time high and then the continuation of the overall uptrend...

Levels to watch: $190

Note

Quick update on Apple:

With the entire stock market correcting, Apple stock is also perfectly rejecting the resistance trendline as mentioned in all of my previous analysis. You can definitely catch the reversal but until this happens, we still have some more downside potential.

Levels to watch: $190, $170

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