The chart speaks for itself, every time the RSI is oversold, it often laid the foundation for. breakout or immediately after. This shows the blow-off top is coming very soon now! The support levels are 128,126 and the breakout to lead to 10% gains to 143 or go to 140. Warning! I am not a financal adviser and take this with a grain of salt. Happy trading!
114.77 119.25 123.90 125.80 127.36 131.18 132.54 136.37 137.98 142.86 144.60 146.63 148.70 150.10 153.19 158.75 162.00 164.85 167.56
Here are my current TRN's for Apple. These are powerful levels which the market will respect.
Greetings Investors,
I’m slightly neutral/bearish on AAPL, based on the following:
Bullish Factors:
1. AAPL is slightly below the 20/50 EMA, within a larger uptrend. This presents an opportunity to buy low.
2. AAPL has not broken the overall upward trend that began in Nov 2020.
3. AAPL is almost 2STD DEVs from the mean price (red-dotted line) of $137. AAPL is...
This descending wedge pattern can lead to a bullish breakout in the following weeks.
This idea makes a lot of sense given the recent price action.
Short Term Bear
Mid Term Bull
Long Term Bull
Powerful resistance is stifling AAPL's progress.
AAPL broke below our support zone and found support at the $130 level although we can go as low as $126.
RSI is oversold right now so we should get a bounce back in the next few trading days but the bear case is still in place until we breakthrough that descending resistance line.
Short Term Bear
Long Term Bull
Lost long term upward trend today. Fell out of channel. I’ll buy more shares on the way down for long term, but will also be buying puts on the way down. Looking for support at the 100 EMA
![AAPL: FEB 18 - AAPL [BEARISH]](https://s3.tradingview.com/j/J4X2hheJ_mid.png "FEB 18 - AAPL [BEARISH]")
