Apple attempts to move upwards. The last two candles formed are inside bars, indicating indesicion and sideways movement. The bounce was put on pause at the .382 fib and 20 ema. If apple manages to break above 148.48, it will be met by the 20ema above it. The MACD has turned positive and is building momentum to move further upwards. The RSI is showing bullish divergence. A break above the 20ema is likely. The next resistance will be at 150.97. A break above that level, there wont be any resistance till 159.30.
If Apple doesnt manage to break above 148.48, a decline to 142 is expected, keeping the possibility open to further declines to 135 and lower.
If Apple doesnt manage to break above 148.48, a decline to 142 is expected, keeping the possibility open to further declines to 135 and lower.