Technical bounce in AAPL for a short term trade
After breaking the long term trend, AAPL managed to catch up and consolidate this rebound as a false breakout . Further, the stock bounced off the 50 % of the long term Fibonnaci retracement, so the long-term trend remain in force.
Based on the false breakout and moving averages of 20 and 40 periods , the stock is likely to rise up to 116.90. Stop loss should be placed below the candle at 102.70 Tuesday .
Based on the false breakout and moving averages of 20 and 40 periods , the stock is likely to rise up to 116.90. Stop loss should be placed below the candle at 102.70 Tuesday .
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.