We spoke at the weekend that $AAPL is the most obvious buy this week after finding support on the 200 Day MA and in between the 0.5 and 0.618 Fibs, we can not ask much more of a chart than this and with this being $AAPL, one of the most stable companies in the world, if you can not buy $AAPL in these positions, you may struggle to buy any stock that pulls back.
The next test is the 50 Day MA just above at $189, a break out at this level and the bulls are firmly in the driving seat and we should see a move back up to the ATH line again at $198.
makis
2024-01-18 21:04:40 +0000 UTCGareth Neary
2024-01-18 16:15:42 +0000 UTCmakis
2024-01-18 16:10:46 +0000 UTC