• Since our previous analysis, AAPL has been trading above a key support level, around the $147 (link to my previous analysis is below this post);
• The $147 is a multiple bottom area, as seen in the 1h chart, while it is the 21 ema in the daily chart, slightly above the 38.2% retracement;
• Therefore, the $147 is the most important support level, in my reading, and only if AAPL loses it, we would see a sharper drop – in this scenario the $141 at the 61.8% retracement would be our target;
• For now, it seems AAPL maintains its bull trend. Let’s pay attention to its key support level for now. I’ll keep you all updated on this, as usual.
Remember to follow me to keep in touch with my analyses!
• The $147 is a multiple bottom area, as seen in the 1h chart, while it is the 21 ema in the daily chart, slightly above the 38.2% retracement;
• Therefore, the $147 is the most important support level, in my reading, and only if AAPL loses it, we would see a sharper drop – in this scenario the $141 at the 61.8% retracement would be our target;
• For now, it seems AAPL maintains its bull trend. Let’s pay attention to its key support level for now. I’ll keep you all updated on this, as usual.
Remember to follow me to keep in touch with my analyses!
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