Apple amongst the other Ai and tech giants, is bound to move further up from the price point of 181.5 This price is laying at the support level from where market can create another bullish impulse towards the higher side. We will closely monitor the price action at this support level. Any engulfing or bullish confirmation will give us a solid move up.

The descending trendline has broken out for buys and the price action is validating the buys. Another retest with the confluence of the support will move up the prices.

The big retracement level of 61.8% is in confluence with the support level. 

EMA 50 is also bearish. An impulse move up will be the profit taking target at the retest of the EMA 50.

RSI is at 47. It needs to dwell towards the over sold region where a bullish divergence to confluence with the technical factors.

Apple buys at 181.5

Feb 22 2024