Iphoe 15 saga continues on Apple. The reason being is the growth prospect on the forecasts of the Apple financials. That being said, the market needs to continue moving up once it starts its pave way towards the higher side. We are looking for some bullish price action at this given current support in order to align with the technical factors. The market is forming double bottom. If Apple hits our profit target, we will get 9%. The price of the stock is at 175. Which can continue moving towards 188.

The descending trendline is the area where the market can either retest or break the level. The ascending trendline is still awaiting.

EMA 50 is bearish right now and we can partially set the profit target at the retest of the EMA 50. This needs to be breached in order to continue its upheaved move.

RSI is at 45. It is forming a bullish divergence which will act as a catalyst for the market to continue moving 

down towards the support level. The market needs to dwell into the over sold region.

Apple still bullish

Sep 26 2023