Stock market: Apple is under pressure

Read the article on FBS website

Trade idea

SELL 184.00; TP 178.00; SL 185.50

The company’s presentation on Monday didn’t save its stock from correction. The price returned below the 200-day MA (193.00) and the 50-week MA (188.60). All in all, this year the stock retraced up almost 61.8% of the 2018-2019 decline, but the psychological mark of 200.00 turned out to be too big an obstacle.

Awesome oscillator didn’t confirm the recent high of the price and a bigger correction towards the trendline support in the 178.00 area is possible if the market goes below 185.00.

apple.png

Notice that to trade stocks with FBS you need to open an MT5 account in your personal area.

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.