Apple IncLong
Apple Wave Analysis 27 January 2025
- Apple reversed from support zone
- Likely to rise to resistance level 237.00
Apple recently reversed up from the support zone located between the key support level 220.00 (which has been reversing the price from October), lower daily Bollinger Band and the 61.8% Fibonacci correction of the sharp upward impulse (C) from August.
The upward reversal from the support level 220.00 stopped the previous minor impulse wave 1, which belongs to wave (C) from the start of January.
Given the clear daily uptrend and the oversold daily Stochastic, Apple can be expected to rise further to the next resistance level 237.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.