Apple Intraday: Decline at a crossroads
Apple (AAPL.US)
+7.62+2.19%
Despite the current recovery, 341.02 remains our main target as long as 348.65 is resistance
Our pivot point is at 348.65.
Our preference: Despite the current recovery, 341.02 remains our main target as long as 348.65 is resistance
Alternative scenario: above 348.65, look for 351.26 and 352.81.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
352.81 **
351.26 *
348.65 **
342.30 USD - last
341.02
339.48 **
337.94 *
Our preference: Despite the current recovery, 341.02 remains our main target as long as 348.65 is resistance
Alternative scenario: above 348.65, look for 351.26 and 352.81.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
352.81 **
351.26 *
348.65 **
342.30 USD - last
341.02
339.48 **
337.94 *
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