Apple, the world's most innovative tech company, just launched its AR/VR handset- Vision Pro. Given the fact market has factored in the bullish move on and now retraced, Apple is bullish long term. Technically, market has already formed higher highs and higher lows and now has to retrace at the 175 support level from where the market can make another bullish impulse. We will be going long at this level.

The overall market is in an ascending channel. The support trendline can be retested at the support level and might reject and start moving up.

The retracement level of 61.8% is in confluence with the support level and the market has the potential to continue moving up towards the 0% level.

EMA 50 is still bullish and there is a slight change that the market will retest the EMA 50 as well once it taps the support level.

RSI is at 52. It needs to neutralize itself at the 50 level in order to align with the technical analysis on the chart. 

Vision Pro is go long for

Jun 08 2023