Keeping things simple on AAPL this week:
As seen from the weekly chart of AAPL, the price staged a notable rebound from key support at $174.03 in the second half of August. This move not only shone a light on the all-time high of $198.23 as a viable upside objective but it was also accompanied by a H4 inverted head and shoulders pattern ([left shoulder] $176.55 [head] $171.96 [right shoulder] $175.82).
Visible from the H4 chart, thanks to price clearing the pattern’s neckline taken from the high of 180.92, there is scope to climb until reaching the inverted H&S pattern profit objective at $191.24. This means further buying could be seen in early trading this week, with subsequent bullish flow north of $191.24 likely to welcome breakout buyers, targeting the all-time high of $198.23.
As seen from the weekly chart of AAPL, the price staged a notable rebound from key support at $174.03 in the second half of August. This move not only shone a light on the all-time high of $198.23 as a viable upside objective but it was also accompanied by a H4 inverted head and shoulders pattern ([left shoulder] $176.55 [head] $171.96 [right shoulder] $175.82).
Visible from the H4 chart, thanks to price clearing the pattern’s neckline taken from the high of 180.92, there is scope to climb until reaching the inverted H&S pattern profit objective at $191.24. This means further buying could be seen in early trading this week, with subsequent bullish flow north of $191.24 likely to welcome breakout buyers, targeting the all-time high of $198.23.
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.