TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Should you buy Apple stock as it nears a breakout?

by souhaib
November 28, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Apple (NYSE: AAPL) has rallied by over 8% this month, however, this could just be the start of a rally. APPL closed 3% lower after rising for eight consecutive sessions, thus a small pullback could be seen before AAPL breaks out. The pullback could be a great entry point for investors who missed the previous rally, however, investors must be patient and wait for the right entry point. Investors are expecting a new all-time soon, however, will AAPL hit a new high before the year ends?

What the charts are pointing towards-

Should you buy Apple stock as it nears a breakout?
  • AAPL has been in an uptrend wedge since March, and after a recent rally, it is now at the upper trendline.
  • AAPL tried to breakout earlier this week however it got rejected, nevertheless it has weakened the resistance and a breakout could be seen at the next attempt.
  • A breakout above $161 was seen on Monday however the sellers pushed the price back down, this could have been due to profit booking from the recent rally. 
  • The RSI was in the overbought zone when AAPL tried to break out, however, after the pullback the RSI is back down and a breakout could thus be seen.
  • AAPL could retrace back to the Fibonacci 61.8% level which is at $153, and if a reversal is seen a long entry could be taken. However, a long entry should only be taken if a reversal is seen, as AAPl could also correct to $150.
  • Huge buying could also be seen earlier this seen, this is suggesting that a strong breakout could be seen very soon.
  • A target of a new all-time high could be set, however investors must be cautious and set a stop-loss before the zone at $148.

The post Should you buy Apple stock as it nears a breakout? appeared first on Invezz.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Girl, 5, feared dead in Channel tragedy was bringing a teddy bear for her father in the UK

Next Post

Priti Patel has ‘doing nothing for two years’ to prevent Channel crossings

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Priti Patel has 'doing nothing for two years' to prevent Channel crossings

No Result
View All Result

Recent Posts

  • Football thugs hurl chairs at each other in ugly scenes before Europa League final tonight
  • NBA: The Orlando Magic will have the first choice of the 2022 NBA draft
  • Trees are dying earlier and earlier | Science
  • Are sightings in the US sky aliens or advanced weapons? This says a retired colonel | Video
  • Pentagon investigation finds those responsible for Syria strike that killed civilians in 2019 not at fault

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.