AAPL is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 251.5110 is expected in the short term.
Related Posts
After experiencing 5 consecutive 4 hour bullish candles in the space of 5 days, nobody knows where AVGO is headed.
AVGO has experienced an unusual quantity of bullish candles on the 4 hour timeframe. This is in the…
It’s time to make a decision on BRK.B – its recent breach of 500.4800 could be a sign of a new trend to follow.
BRK.B has broken through a support line. Because we have seen it retrace from this price in the…
XOM – approaching a support line that has been previously tested at least twice in the past
XOM is approaching the support line of a Channel Down. It has touched this line numerous times in…