Apple Analysis 29.01.2022Hello Traders,
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I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Aaplsignals
APPLE Further correction aheadPattern: Channel Up on 1D.
Signal: Sell towards the 1D MA200 (orange trend-line) and reverse to a buy either upon contact (buy signal last time) or when the CCI hits its Buy Zone (confirmed 3 times since November 2020).
Target: the 0.618 Fibonacci level.
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APPLE Strong bullish potential if the 1D MA30 breaks.I have used the Fibonacci Channel on this one as I wanted to find the true demand zone.
As you see the 0.382 - 0.0 level is a sustainable Buy Zone that delivers a bullish break-out near the 1.0 where investors are better off taking profits and then repeating the buy on lower levels.
Right now we have a Bullish Cross on MACD and the RSI is trading sideways on the 1D chart. Last time those took place, AAPL has already found a Bottom. Assuming this is the case, once the 1D MA30 (blue line) breaks, we can expect a sustainable uptrend to start. Accumulate within the lower Fib levels and sell once the break-out takes place.
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