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.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
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.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.