AAPL: Bullish patterns and new target.

16 дек. 2020 г.

Hello traders and investors! Let’s see how Apple is doing today!

First, Apple is finally defeating the blue line we discussed in my last analysis (link below), and the 21 ema is finally pointing up again, meaning we have the beginning of a bull trend in the short-term. Also, we have a Breakaway Gap, which usually is a powerful sign that a new trend just started.

The blue line at $ 125.39 and the 21 ema are future supports if the price drops, and so far, we have no reversal or pullback sign.

All of this look good, and this may be the beginning of a new trend, but let’s look if the daily char follows the logic seen in the hourly chart:



Ok, AAPL hit our target at the 21 ema, as we were expecting in my previous analysis, and now is doing a good bullish sign over here.

The blue line is a Pivot Point, and AAPL did a breakout with a very good volume. This indicates that the bias is still bullish and so far, no pullback or reversal signs here as well.

Even if AAPL drops, the 21 ema and the purple and blue lines are there to hold the price. So, we have several supports and no meaningful resistance except the ATH. Let's see if it'll hit there!

So, what’s the next target for AAPL? If it keeps above the blue line, the ATH is the next target for us. And if you liked this analysis, please support it! And remember to follow me to keep in touch with my daily analyses!

Thank you very much!