In the long term, I am very bullish on the stock. But now we can expect a correction, and that is normally ok. Just short the stock, and make some money, but do not be too greedy.
It's really hard to say what's going to be. But I can say, this momentum is very important, and in the next days will form a new direction.
The uncertainty of the situation is big. There is a bullish trend, and the RSI signs the break of the bearish trend. But something's not right, maybe the 12.00 tops, or the temptation of the 8.30 level.
Stay informed, and...
MACD, RSI indicators suggest that the price of Apple stock will rise from its current level to $180. This is reinforced by the formation of an inverted hammer candlestick pattern. The 180 level could serve as a critical resistance point, but if the price were to break through this level, it could bring further upward momentum.
If it reaches the $180 level, the...
It is time to buy the shares. On 28 February they will report the fourth quarter. I expect very good news, but this is irrelevant. You can see that there is a turning point in the chart. The first target is around 15.20, then it is going to refill the gap.
And of course in the long term, this short is very bullish.
If you check the double top formation, the MACD level, and the Bollinger band you can see that now price will go down. But the 15.70 level looks like a strong support level.
