Mighty Apple is ready to bounce strongly (??)

14 בנוב׳ 2018

Apple has fallen from the tree. It is heading towards oversold territory. The Daily RSI of AAPL just shy of 30. Expected to reach near 180 very soon. This analysis is based on the weekly chart presented above.

Case study:

• Strong support at 180.6 based on prince and volume actions.
  
• The Blue trend line shows a support at the same price level.
  
• 61.8% Fibonacci retracement is at same price level
  
• Weekly RSI is also very low.
  

I am very bullish on AAPL in short term. However this is mere speculation. Do your research before getting into a trade. Good luck!