Apple is likely to rise and fall before the Spring Festival

Apple broke through our previous target today. After the holiday, Apple's trend was strong, breaking through the 8,000 point pressure level and the target point of 8,200 points one after another. Today, it also strongly broke through the 8500 target point. Although there was a decline in the final close, Apple is still taking a bullish approach. Apple is actually quite simple. We also focused on talking during today's live broadcast, so what we are paying attention to now is whether Apple can reach 8,800 points before the holiday season.

A brief analysis of Apple's trend today. Apple pulled back 100 points at the end of the session. I think there were institutions cutting production. The huge increase in Apple's previous article after New Year's Day was not enough to support such a large increase in terms of current news and fundamentals, but Apple did it, and even continued to break through upward under pressure. Although it is true that the Spring Festival prep sales are quite large for Apple sales, it can be said that the Spring Festival prep sales volume determines the price of Apple in 23 years. Although I'm optimistic about Apple, I don't think Apple's current sales volume can support the increase in futures prices. However, the peak of Apple sales should be next week, so next week's Apple demand is the most critical, so today's decline at the end of the session is what I would like to understand is Apple's technical correction to prepare for Apple's impact on high prices next week

As you can take a look, many of Apple's indicators actually show that Apple's price is too high, and the MACD is at the top of the overbought region many times, but there is no reason for Apple to rise. As mentioned in a previous article, we basically have no real data and can only look at one of Apple's needs through the production area. Therefore, many friends understand that Apple controls the market seriously, but Apple is a highly cyclical variety, so I always recommend that Apple do trend trading, buy when the cycle trend is over, and then close the position.

Simply put, in Apple's case, I recommend that everyone pay attention to the support around 8,300 points below. The maximum retracement will not reach 8,200 points. After all, I mentioned earlier that next week will be the peak of preparations for the Spring Festival. This month, you can look at the target point of 8800 above.

The essence of trading is to control risk, analyze trends, and make trading easier.