Apple Trending Strong!
There has been a clear and consistent trend in Apple since 3rd January 2019 and the trend looks set
to continue. The first trend from 3rd January to 1st May 2019 rose by 52%. The next one was from
11th September to 6th December 2019 and rose by 22%. The current trend which has been running since
13th December 2019 has risen 20% so far.
As we are in a strong overall bullish market, there should be continued momentum in Apple.
We are currently experiencing a pullback and price is sitting at the 20sma which is acting as support.
If this level fails to hold price up then the next area of support is the psychological $300 round number.
The trends have been linear and impulsive so a break and close above the current high at $327 will confirm
a continuation of the current bull trend and will offer us the opportunity to add more positions to our current profits.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
to continue. The first trend from 3rd January to 1st May 2019 rose by 52%. The next one was from
11th September to 6th December 2019 and rose by 22%. The current trend which has been running since
13th December 2019 has risen 20% so far.
As we are in a strong overall bullish market, there should be continued momentum in Apple.
We are currently experiencing a pullback and price is sitting at the 20sma which is acting as support.
If this level fails to hold price up then the next area of support is the psychological $300 round number.
The trends have been linear and impulsive so a break and close above the current high at $327 will confirm
a continuation of the current bull trend and will offer us the opportunity to add more positions to our current profits.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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