Apple is one of the best companies in the world and the market sentiment is still bullish on this. Market is at the support level at the price of 168. From here onwards, the market will go towards the resistance level which could be our profit target. Market is still higher highs and higher lows and on the higher time frame market is still at the support level. 

The descending trendline has broken out for buys.  The price action has already validated the breakout buy. This means, it will follow up throughout the bullish sentiment. 

There is no retracement level on this pair.

EMA 50 is bearish and once the market starts its markup, the profit target can be booked at the retest.

RSI is at 44. It needs to drop down towards the over sold region from where we can see the bullish divergence forming and then continue moving forward.

Apple at support at 168

Nov 01 2023

Pending

Published 556d ago

198.46

Current price

168.38

Entry price