Hello traders and investors! Let’s see how AAPL is doing today!

First, in the 1h chart, it is breaking the $ 160 line, triggering a pivot point that could work as a reversal for the next few days. The 21 ema worked as a support a few times, and it just might work again, as the trend is getting bullish now.

The $ 171 area seems to be the most important resistance for us, and it is a technical target as well. This movement could be ruined if we see a bearish structure and if it loses the $ 158 area, so pullbacks are expected, but it must not drop too much.

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Unlike the 1h chart, in the daily chart the trend is still bearish, and we don’t see any clear reversal structure. Yes, we did a Hammer pattern 2 days ago, but it wasn’t near any support level, and AAPL is not doing higher highs/lows yet. This tells me that we are in the early stages of a reversal, and it could be just too soon for us to see a clear movement in the daily chart.

Nevertheless, if you ask me, AAPL is heading to the 21 ema in the daily chart now. The weekly chart reinforces the idea of a reversal, as we just hit a bottom.

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In the weekly chart, the situation changes, and the trend is still clearly bullish, and AAPL just did a pullback to the purple trend line, and right now, it is doing a Bullish Engulfing.

If it keeps looking like this, it’ll be a classic bullish sign, reinforced by the reactions we see in the 1h and D charts. Even if AAPL corrects when it gets near the 21 ema in the daily chart, it could be the opportunity for it to trigger higher a bull trend by doing higher highs/lows (as long as it doesn’t drop too much, below the $ 155).

I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
AAPLMultiple Time Frame AnalysismtfanalysisSupport and ResistancesupportandresistancezonesTrend Analysistrendfollowing

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