Apple stock has been in parallel channel since Dec 2004 and now it is almost at the upper end of the channel.
If it fails to give BO then there is good possibility that it may correct in handsome way to retest the support highlighted.
AAPL has been consolidating in a range for a while. On weekly charts its been observed that its ready for breakout and ready to take a leap upwards for a very long term. Weekly breakouts are not meant for short term trading. When we get a breakout on weekly charts, usually it lasts for 6-12 months.
Disclaimer :
Trading is never ever recommended as it is...
Heavy wedge pattern forming on Apple stock. Feeling highly bullish in medium term. Great time to buy at ~125 range. Expected a ~20% upside in 2-3 months.
There might be a Bullish Potential Today (May 18, 2021)
Long Position would be a good idea for AAPL today.
Stay tuned with the Market and with me. A like would be a great motivation for me. THNX
Apple
AAPL
After completed the impulse wave 5 WAVE structure we entered to ABC corrective wave.
We are completed WAVE B it seems and under entering to of WAVE C.
This gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a...
