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Supports and Resistances
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AAPL : Apple Support and Resistance

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13 years 1 month ago #3440 by Paitech
Hi remo,
whats ur thoughts on Apple?
This is down around 10% now to 459$.

Also, do you know how to trade this on IG markets... I cant find AAPL.

I am not planning to trade, but like to add in my list to check the charts

ta
G

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13 years 3 months ago #1000 by madmaxx
The following user(s) said Thank You: ftse80

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13 years 3 months ago #983 by remo

click on image to enlarge.

Support. 570,,562(gap),,548.5,,522.18(strong support 100% retrace),,516.2,,479(minor trend line),,476.68(gap),,448(main trend line),,425.1(gap strong support)

Resistance. 604(gap),,621(down trend line)




click on image to enlarge.

If you look at the weekly chart you can see a clear island reversal. If only i spotted this earlier.

I suspect that this is going to do a full retrace back down to 522.18 at which point id go long with a $10 stop .below the near by support. If that level fails then its heading towards the main trend line.

who would have thought apple could go down so quickly.....This goes to show no company is immune.

DYOR
remo
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