Hello folks!
First of all, I would like to refer you to my previous post (AAPL – End of bearish cycle) if you haven’t seen it yet.
As the title says it all, I’m quite optimistic regarding
AAPL
for number of reasons:
1. AAPL respected the trendline and the 61.8% Fibonacci level and closed above them. This was explained in my previous post.
2. AAPL has a weekly close at $121.42 which is a higher close than the previous weekly close at $121.26
3. Comparing the volume and the price change percentage of Mar2020, Sept2020 & the very current pullbacks, it relatively seems that
AAPL
wouldn’t go further with this bearish wave.
4. Looking at the MACD chart, we can notice that the MACD has already crossed its signal line in the 1h, 2h and 3h charts, and the histogram is declining in the 4h chart.
For these factors, I expect
AAPL
to test the daily 100SMA at around $125 early next week.
Best of luck to you all !
Note: this is not a call to buy or otherwise. I am just sharing my own analysis.
First of all, I would like to refer you to my previous post (AAPL – End of bearish cycle) if you haven’t seen it yet.
As the title says it all, I’m quite optimistic regarding
AAPL
for number of reasons: 1. AAPL respected the trendline and the 61.8% Fibonacci level and closed above them. This was explained in my previous post.
2. AAPL has a weekly close at $121.42 which is a higher close than the previous weekly close at $121.26
3. Comparing the volume and the price change percentage of Mar2020, Sept2020 & the very current pullbacks, it relatively seems that
AAPL
wouldn’t go further with this bearish wave. 4. Looking at the MACD chart, we can notice that the MACD has already crossed its signal line in the 1h, 2h and 3h charts, and the histogram is declining in the 4h chart.
For these factors, I expect
AAPL
to test the daily 100SMA at around $125 early next week. Best of luck to you all !
Note: this is not a call to buy or otherwise. I am just sharing my own analysis.
