Apple ran into resistance

Read the article on FBS website

Trade idea

SELL 207.00; TP1 205.00; TP2 202.50; SL 206.00

The stock of Apple met the resistance of the line connecting 2018 and 2019 highs. The price didn’t manage to move beyond 209.00 and formed a small “bearish engulfing” pattern on D1. In addition, Awesome Oscillator shows bearish divergence. This allows us to expect that the stock will undergo at least a small correction to the downside. 

Apple.png

FBS Analyst Team

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.