AAPL: New record high! Are you nervous about this?
Hello traders and investors! Let’s see how AAPL is doing today! It’s been a while since my last analysis, so we have a lot to update!
Yes, AAPL hit the All-Time High as we have been expecting since May, when everybody thought the world was going to end, and we are doing a record high today. We are above our target, but is there any reason to be worried here?
Clearly, we are in a very strong bull trend, as the price is doing higher highs/lows, and there’s nothing telling me it’ll do a pullback. If it loses the red line at $ 147.45, it’ll probably retest the 21 ema or the purple trendline (pay attention to the if in this sentence).
In the daily chart, we see no exhaustion signs as well. When it hit the ATH at the red line, it tried to do a pullback, but in the end, the movement couldn’t materialize, as it is trending too strongly.
Now, I see no reason to sell or to worry about AAPL. Yes, if a clear reversal occurs in the 1h chart, by doing lower highs/lows, then probably we’ll see a pullback, maybe to the 21 ema in the daily chart. Again, this is a huge if.
In my view, there are stocks much more attractive than AAPL right now, with better upside and that are already doing their pullbacks. AAPL is a good stock to hold, but not to trade at the moment. Just keep an eye on the points mentioned here.
If this analysis helped you, remember to follow me for more updates on stocks and indices, and support this idea if I helped you.
Thank you very much!
Yes, AAPL hit the All-Time High as we have been expecting since May, when everybody thought the world was going to end, and we are doing a record high today. We are above our target, but is there any reason to be worried here?
Clearly, we are in a very strong bull trend, as the price is doing higher highs/lows, and there’s nothing telling me it’ll do a pullback. If it loses the red line at $ 147.45, it’ll probably retest the 21 ema or the purple trendline (pay attention to the if in this sentence).
In the daily chart, we see no exhaustion signs as well. When it hit the ATH at the red line, it tried to do a pullback, but in the end, the movement couldn’t materialize, as it is trending too strongly.
Now, I see no reason to sell or to worry about AAPL. Yes, if a clear reversal occurs in the 1h chart, by doing lower highs/lows, then probably we’ll see a pullback, maybe to the 21 ema in the daily chart. Again, this is a huge if.
In my view, there are stocks much more attractive than AAPL right now, with better upside and that are already doing their pullbacks. AAPL is a good stock to hold, but not to trade at the moment. Just keep an eye on the points mentioned here.
If this analysis helped you, remember to follow me for more updates on stocks and indices, and support this idea if I helped you.
Thank you very much!
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