Just like Msft, aapl gapped outside its rising wedge on earnings...
I think 180 is off the table for this year..this week I see aapl pulling back to trendline support at 168 and most likely a gap close at 165.
Last week price had been using previous
resistance as support. Friday we broke back inside that wedge and close back under resistance.
The target is trendline support which aligns with 21ema around 168.. if it breaks that then we go for the close on 165 gap.
Long term I see aapl retesting this area here somewhere around 135 with a nice dead cat around 155.
I'll be watching this RSI support , once it breaks it the real leg down to 155 starts
IMO, the weekly CCI and Moneyflow is at 2021 levels which means a major correction is coming.. 135
Entry - Below 173
Target 1 - 21ema or 168
Target 2 - 165 gap close
Stop loss 174
If It bounces on 21ema, be prepared to take profits and wait for a close below it
I think 180 is off the table for this year..this week I see aapl pulling back to trendline support at 168 and most likely a gap close at 165.
Last week price had been using previous
resistance as support. Friday we broke back inside that wedge and close back under resistance.
The target is trendline support which aligns with 21ema around 168.. if it breaks that then we go for the close on 165 gap.
Long term I see aapl retesting this area here somewhere around 135 with a nice dead cat around 155.
I'll be watching this RSI support , once it breaks it the real leg down to 155 starts
IMO, the weekly CCI and Moneyflow is at 2021 levels which means a major correction is coming.. 135
Entry - Below 173
Target 1 - 21ema or 168
Target 2 - 165 gap close
Stop loss 174
If It bounces on 21ema, be prepared to take profits and wait for a close below it
