On 2nd Jan apple went down hard around 10% during post market thus creating plunge gap due to un-settlement trade regulation policy between US & China. Therefore on following day 3rd Jan APPL seem to retrace back from 146 resistance. On previous friday, after Major announcement on US earnings; APPL manage to bounce back from 52-weeks all time (142) towards 148+ align with major indexes making gap down less to 7%.
The Gap fulfill is a very interesting subject for Apple, current situation expecting further climb to 150 on Monday; subject if 149 breakout able to occur. Less than that a retrace will be on favor.
Positive news might shoot apple beyond 150 but for past 3 days news were likely interest on selling side; beyond 150 was pretty optimistic however on previous history charts AAPL were capable to push the spike up more than 6%.
Approach with cautious and going to be neutral on AAPL.
The Gap fulfill is a very interesting subject for Apple, current situation expecting further climb to 150 on Monday; subject if 149 breakout able to occur. Less than that a retrace will be on favor.
Positive news might shoot apple beyond 150 but for past 3 days news were likely interest on selling side; beyond 150 was pretty optimistic however on previous history charts AAPL were capable to push the spike up more than 6%.
Approach with cautious and going to be neutral on AAPL.