Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term rejection away from the support zone and then the longer term continuation towards the upside.
On the daily timeframe it seems like today's candle will close with a massive rejection wick, indicating selling pressure so it is quite likely that we will see at least a short term rejection away from this resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AAPL/J79iT4Gn-Apple-Is-This-The-Top/
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term rejection away from the support zone and then the longer term continuation towards the upside.
On the daily timeframe it seems like today's candle will close with a massive rejection wick, indicating selling pressure so it is quite likely that we will see at least a short term rejection away from this resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AAPL/J79iT4Gn-Apple-Is-This-The-Top/
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
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.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
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.