Posted by elementsix on 22nd of Mar 2021 at 11:04 am
AAPL- After the low two weeks ago, AAPL popped and then has
tested support in the $119 area and bounced 4 times (check 2hr) so
looks like short term strength. Had trouble at the 38.2 fib and
formed that downtrend resistance which is the next major hurdle ~
$124. After that $128 area and then I'll start to feel more
confident.
Right now looks like a coil setup forming some sideways
action.
APPL (and a lot of tech) looks to be forming
potentialhead and shoulders patterns... we'll see how it
plays out.
Thank you for this detailed tech analysis! I agree with all you
observe on AAPL and that much tech, especially QQQ seems to be
forming a possible reverse H&S. I will watch those levels
on AAPL. I like the 2 hr chart as well.
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AAPL- After the low two
Anyone have an opinion on Aapl? Trying to put in ...
Posted by elementsix on 22nd of Mar 2021 at 11:04 am
AAPL- After the low two weeks ago, AAPL popped and then has tested support in the $119 area and bounced 4 times (check 2hr) so looks like short term strength. Had trouble at the 38.2 fib and formed that downtrend resistance which is the next major hurdle ~ $124. After that $128 area and then I'll start to feel more confident.
Right now looks like a coil setup forming some sideways action.
APPL (and a lot of tech) looks to be forming potentialhead and shoulders patterns... we'll see how it plays out.
Thank you for this detailed
Posted by cozz101 on 22nd of Mar 2021 at 11:24 am
Thank you for this detailed tech analysis! I agree with all you observe on AAPL and that much tech, especially QQQ seems to be forming a possible reverse H&S. I will watch those levels on AAPL. I like the 2 hr chart as well.