AAPL: Could it reverse the bear trend? Let's see.
• AAPL is in a bear trend, but the $148 area is the first key support;
• If AAPL reacts and breaks the $153, it’ll trigger an IH&S chart pattern, with a target at $158.72. Remember, if AAPL reacts, for now, there’s no evidence pointing to this direction.
• In the daily chart, AAPL is stabilizing, and we see that the $148 area is visible in this time frame as well;
• To me, the key point is the $148, and is AAPL loses this key point, it’ll seek the next support at $141.92;
• It all depends on how it’ll react in the next couple of days, if it’ll trigger the IH&S chart pattern seen in the 1h chart or not.
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• If AAPL reacts and breaks the $153, it’ll trigger an IH&S chart pattern, with a target at $158.72. Remember, if AAPL reacts, for now, there’s no evidence pointing to this direction.
• In the daily chart, AAPL is stabilizing, and we see that the $148 area is visible in this time frame as well;
• To me, the key point is the $148, and is AAPL loses this key point, it’ll seek the next support at $141.92;
• It all depends on how it’ll react in the next couple of days, if it’ll trigger the IH&S chart pattern seen in the 1h chart or not.
Remember to follow me for more analysis like this! Keep in touch.
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