After AAPL recently had to absorb sharp pullbacks, it now appears to be in a short-term recovery phase. This is reflected specifically in a narrow trading range. During this trading week, the share price moved within a range of roughly 3.5%. We currently place AAPL in an internal interim correction, which still has a bit more downside room but should end well above the support at $245.09. After that, further gains should follow, allowing the ongoing upward cycle to conclude at new all-time highs above the resistance at $317.40. In our short-term alternative scenario, the share price would already have established a higher-level cycle top with the peak at $317.40 and would then decline below the support at $245.09, entering a new bearish phase. Probability: 33%.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.