AAPL: Bullish REVERSAL ahead? KEY POINTS to watch this week! 🤓
• AAPL is reacting above a key support level;
• In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL;
• The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138;
• In the daily chart, there’s no clear bullish reversal structure on AAPL yet, but we can use Fibonacci to set the next key resistance levels;
• The 50% retracement is around $137, which is quite close to the Hammer’s target in the weekly chart. Therefore the area around $137 - $138 is a key dual-resistance area;
• To not frustrate this thesis, it is important for AAPL to remain above the $128. If it loses it again, it might be problematic. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL;
• The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138;
• In the daily chart, there’s no clear bullish reversal structure on AAPL yet, but we can use Fibonacci to set the next key resistance levels;
• The 50% retracement is around $137, which is quite close to the Hammer’s target in the weekly chart. Therefore the area around $137 - $138 is a key dual-resistance area;
• To not frustrate this thesis, it is important for AAPL to remain above the $128. If it loses it again, it might be problematic. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
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