Apple Receives Positive Forces - Analysis - 15-02-2019

in analysis •  3 months ago

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The stock fell in recent trades on intraday basis, with negative signals on the RSI, in an attempt to shed its buy-in. The stock is trying to gain a positive momentum that could help it to rise again, recording a loss of -0.42%, equivalent to -0.71 points, In the short term, as the corrective wave of short term correction is in place, with positive support for the SMA for the previous 50-day period.

Therefore we expect the corrective correction to return to the upside during the next trading session, as it stabilizes at the highest level of 163.75, targeting the resistance level 180.10.

Expected Trading Trend: Likely to rise

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