Apple IncLong
Price action update: AAPL
Following a hold of a 50% retracement late November to retest the top of the established range AAPL this week has confirmed a break of the 125 level. It has the momentum to retest the ATH with a high probability.
The overall move this year did not perform a full retracement pullback to the 50% Fibonacci level. Instead it only held the 38.2% retracement. This suggests strong bullish momentum for the long term. Following a retest of the ATH I would be looking for a confirmed break to continue.
AAPL this week has confirmed a break of the 125 level. It has the momentum to retest the ATH with a high probability.The overall move this year did not perform a full retracement pullback to the 50% Fibonacci level. Instead it only held the 38.2% retracement. This suggests strong bullish momentum for the long term. Following a retest of the ATH I would be looking for a confirmed break to continue.
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