Recent Pullback
Apple announced a new Siri release four days ago, but the market reacted negatively. As a result, Apple’s stock has pulled back roughly 8% from its all-time high, which may create a potential buying opportunity.
Key Support Levels
• The stock is currently trading near the higher support zone of $285 to $289, which is also close to the 50-day moving average (red).
• A lower support zone appears to be in the $275 to $280 range.
Trading Plan
I will be watching for price action to tighten and consolidate near the current level. If the stock resumes its uptrend, I may consider taking a position.
If the stock fails to hold this level, I will look for a similar setup near the lower support zone.
This is a name worth keeping on your watchlist.
If you like this idea, make it your own and follow your trading or investing plan. Ultimately, your capital is at risk.
Apple announced a new Siri release four days ago, but the market reacted negatively. As a result, Apple’s stock has pulled back roughly 8% from its all-time high, which may create a potential buying opportunity.
Key Support Levels
• The stock is currently trading near the higher support zone of $285 to $289, which is also close to the 50-day moving average (red).
• A lower support zone appears to be in the $275 to $280 range.
Trading Plan
I will be watching for price action to tighten and consolidate near the current level. If the stock resumes its uptrend, I may consider taking a position.
If the stock fails to hold this level, I will look for a similar setup near the lower support zone.
This is a name worth keeping on your watchlist.
If you like this idea, make it your own and follow your trading or investing plan. Ultimately, your capital is at risk.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.