Apple... Take a bite whenever it drop from a tree

27 בדצמ׳ 2021

One of the top tier counters alongside Microsoft

The "rebound" 167 is not really established support yet. That level can be still broken and the price could potentially head toward 160. Traders often make the mistake of prematurely calling "SUPPPORTTT!!!!" as soon as they see some form of rebound and then go YOLO. As long as the resistance at 181 is held, the price can break 167.

However, 156 to 160 level is actually a very strong support. If traders can manage their lot sizing and plan their trade using this level as a pivot point, the position will not only be safer but also resilient to random noise movement.

Apple is still on a long-term uptrend even if it retraces towards 140. Go slow and steady. Take care of your risk and profit shall come!