Apple -> Breakout Baby Let's Gooo

2023年4月19日

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that Apple stock is currently breaking out of a multi-months long consolidation phase with the previous resistance being exactly at the 165 area.
You can also see that from a weekly perspective, market structure is extremely bullish, we have the next strong resistance at 175 so I simply do expect more continuation towards the upside from here and eventually a break above the resistance and also new all-time-highs for Apple.

On the daily timeframe you can see that with today's candle, Apple stock is breaking above previous daily resistance which is now turned support so I am just waiting for a retest and some bullish confirmation before I then do expect lots of continuation towards the upside from there.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AAPL/INGTlptj-Apple-Short-Term-Reversal/