Apple (
AAPL
) doesn't look very strong going into the March 2022 Federal Reserve meeting and OpEx next week. Never hit the primary support (white line) during the last dip. It may be destined there ($150) or to the final support area ($148ish, dotted blue line). If it breaks these supports, a new formation will emerge. But, I anticipate the support line(s) to be touched in the coming weeks vs "just up from here".
AAPL
) doesn't look very strong going into the March 2022 Federal Reserve meeting and OpEx next week. Never hit the primary support (white line) during the last dip. It may be destined there ($150) or to the final support area ($148ish, dotted blue line). If it breaks these supports, a new formation will emerge. But, I anticipate the support line(s) to be touched in the coming weeks vs "just up from here". - In February 2022, insiders sold $4,713,702 worth of shares at an average of $174.67. No insider buys in 2022 as of this post (source: OpenInsider)
- P/E=26x (source: eTrade)
Trade closed: target reached:
$150 support reached ✅