Harmonic PRZ will be tested as AAPL prepares for Iphone 7
The bearish harmonic pattern I mentioned in my previous analysis already generated nice gains as $AAPL's price declined from 108$ to below 106$ after hitting the PRZ.
Now AAPL is climbing again as investors prepare for Apple's announcement of new products scheduled for Sep 7th.
With rumors about delay in Iphone 7 launch and even rumors about postponing the Sep 7th itself, in addition to the fact that Tim Cook just unloaded significant part of his shares make me thing that this pattern can lead to even stronger move than I expect...
However, good news such as brand new and improved products can sent AAPL higher to 120$ to test the next resistance zone there.
Bulls or Bears - You know what to look for and what are your options.
This analysis is part of this week's newsletters - The Weekly Markets Analysis - Check out more trading ideas for stocks and Forex here - goo.gl/5f5NyX
Tomer J,
The Market Zone
www.themarketzone.net/
marketzone.tumblr.com/ - My blog
www.youtube.com/c/TheMarketZoneNet - Youtube channel
Now AAPL is climbing again as investors prepare for Apple's announcement of new products scheduled for Sep 7th.
With rumors about delay in Iphone 7 launch and even rumors about postponing the Sep 7th itself, in addition to the fact that Tim Cook just unloaded significant part of his shares make me thing that this pattern can lead to even stronger move than I expect...
However, good news such as brand new and improved products can sent AAPL higher to 120$ to test the next resistance zone there.
Bulls or Bears - You know what to look for and what are your options.
This analysis is part of this week's newsletters - The Weekly Markets Analysis - Check out more trading ideas for stocks and Forex here - goo.gl/5f5NyX
Tomer J,
The Market Zone
www.themarketzone.net/
marketzone.tumblr.com/ - My blog
www.youtube.com/c/TheMarketZoneNet - Youtube channel
Comment:
Price remains below resistance before Iphone7 debut
