Apple play for the week
$Apple(AAPL.US$ is having a strong support below the current price due to significant trading activity from strong prices between $179.58 and $177.25. When a stock tests a support level, there is inherent risk involved because if the support is breached, the stock may decline towards this and down the spiral tunnel it will go.
In this instance, this ticker is finding adequate support slightly below the current price of $179.58. Should this level be surpassed, the next support from the accumulated trading volume will be at $177.25 and $173.57.
Judging from the technicals, it would move between a price range of $188 to $193.
On the last trading day of 100 trades, there were 1.45 million shares bought and 3.31 million shares sold. This can be generally prescribed as a negative signal.
However, the short-term signals with good trend looks overall positive and I feel that play will perform well soon.
However, the short-term signals with good trend looks overall positive and I feel that play will perform well soon.
This is a keeper and I will continue to dollar cost average on my personal portfolio!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Believer in value investing, swing trading on momentum plays
387Followers
28Following
1016Visitors
Follow