APPL remains in the downtrend however on 27 of October Apple is going to announce their earnings report which is expected to be positive therefore we expect the price to break above the downsloping resistance line and then pump towards our targets.
MACD has a bullish crossover which is also a point for bulls. More positive momentum is expected to appear.
How to trade:
take a long position if / when the price breaks above the downsloping trendline. You can wait for a retest of the trendline as a support which would be a confirmation of the potential short' term reversal.
Final target and take profit level are shown in the chart
good luck!
MACD has a bullish crossover which is also a point for bulls. More positive momentum is expected to appear.
How to trade:
take a long position if / when the price breaks above the downsloping trendline. You can wait for a retest of the trendline as a support which would be a confirmation of the potential short' term reversal.
Final target and take profit level are shown in the chart
good luck!
Trade active:
Take profit level reached. So far good progress on the trade.
Trade closed: target reached:
Target reached as expected. Congratulations!
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