Apple AAPL stock closed at $319.98 ahead of the Labor Day holiday weekend, facing a slight pullback as investors eye upcoming product catalysts and leadership changes. Wall Street remains mixed heading into the event.
Technical Insight:
AAPL is set on ascending channel momentum. The stock persist trending in upward pathway, despite the short pullbacks with higher highs and lows, in concern to the framework. Price is gradually heading down to the trend support line, as we anticipate a long retracement between $315-$318.
Key point:
A confirmed reverse within this zone, activates a another buy position eyeing $333.83, as next potential bullish.
Thanks for reading.
Technical Insight:
AAPL is set on ascending channel momentum. The stock persist trending in upward pathway, despite the short pullbacks with higher highs and lows, in concern to the framework. Price is gradually heading down to the trend support line, as we anticipate a long retracement between $315-$318.
Key point:
A confirmed reverse within this zone, activates a another buy position eyeing $333.83, as next potential bullish.
Thanks for reading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.