AAPL: What it takes to REVERSE? Key Points UPDATED.
• Since our previous analysis, AAPL did exactly what it should do, and we scored another target on it – the link to my previous public analysis here on Tradingview is below this post, as usual;
• Now, AAPL keeps dropping, and there’s no bottom sign on it yet;
• The next support level is at $134, as this point worked as a support in the past a few times;
• If AAPL reacts above this support, a bounce to the 21 ema again will be very likely. On the hand, if it loses the $134, the next support level is at $128;
• AAPL is trendless, as it is moving erratically, dancing around the 21 ema. However, it seems we have a purple trend line connecting its previous top levels.
• Although a bounce to higher levels wouldn’t be a surprise, AAPL would have to break this trend line in order to break free from this trendless situation, to a bull trend again. Only a bounce is not a reversal structure;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, AAPL keeps dropping, and there’s no bottom sign on it yet;
• The next support level is at $134, as this point worked as a support in the past a few times;
• If AAPL reacts above this support, a bounce to the 21 ema again will be very likely. On the hand, if it loses the $134, the next support level is at $128;
• AAPL is trendless, as it is moving erratically, dancing around the 21 ema. However, it seems we have a purple trend line connecting its previous top levels.
• Although a bounce to higher levels wouldn’t be a surprise, AAPL would have to break this trend line in order to break free from this trendless situation, to a bull trend again. Only a bounce is not a reversal structure;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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