AAPL: Another target, but the same key points.

9 ธ.ค. 2020

Hello traders and investors! Let’s analyze Apple today!

First, it hit our target at $ 125.39, as we discussed in my last analysis (Dec. 1, the link to it is below, as usual), and now it is retesting the support level at $ 121.98., which is the most important support level for Apple in the short/mid-term.

Apple must react and defeat the blue line in order to engage a new bull trend, but as long as it keeps trapped between the resistance at $ 125 and support at $ 121, we can’t expect much.

If AAPL loses the purple line, we could see a sharper pullback. Let’s see the daily chart:



The volume is lower than the average these days, and this tells me that this boring movement is just a correction, not a real sell-off.

We have no clear reversal signs here, but if Apple loses the purple line, the next target would be the 21 ema. Below this level, only the black line at $ 112.59 would support the price, but it is too soon to say if it’ll actually hit there. I think the 21 ema is a more reasonable target for the short-term.

But this doesn’t mean Apple is going to reverse its bull trend. It would be just a pullback, and usually this means opportunity. When Apple defeats the blue line, it’ll officially resume the bull trend. We just can’t possibly know when this will happen.

This is my view for the short/mid-term, and if you liked it, remember to follow me to keep in touch with my daily analyses! And support this idea if you found it interesting!

Thank you very much.