Apple analysis:
* RSI is hovering around the 50 mark, a sign of lack of market direction (not over-bought or over-sold)
* Two touches of the support but price is still trying to move upwards. If we see a repeated return to that level (See ACTIVISION) then I would expect a brief sell-off - followed by buyers stepping back in and the current support acting as local resistance.
Action to take:
* Trendless market = bad conditions to trade. Keep monitoring the stock. Look for confirmation in either direction.
* Buying the support with a tight stop loss would be a good long-term entry
* Buying the first test of local resistance after it is broken = a superb entry for mid-term
* RSI is hovering around the 50 mark, a sign of lack of market direction (not over-bought or over-sold)
* Two touches of the support but price is still trying to move upwards. If we see a repeated return to that level (See ACTIVISION) then I would expect a brief sell-off - followed by buyers stepping back in and the current support acting as local resistance.
Action to take:
* Trendless market = bad conditions to trade. Keep monitoring the stock. Look for confirmation in either direction.
* Buying the support with a tight stop loss would be a good long-term entry
* Buying the first test of local resistance after it is broken = a superb entry for mid-term
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.
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.