More research on Apple
Posted: July 19, 2021
From 5/12/21 Video Analysis: “The price now sits right near channel support, with today’s low touching $122.25, before a close at $122.77. After Wave C, the stock could run toward resistance, which likely hits around $153. A support break could bring a return to the Wave A low around $103.10, or even further to the late July $89.10 low. A break of the Wave A low could even bring about a much deeper retracement to the lower support trendline, which currently sits around $70 to $75. “
Much of what I shared in the video has played out thus far. I suspect the top is likely in on the current move at $150. If so, the most bullish support comes in near 23.6% Fibo retracement at $127-128. I think it is more likely (given the strong run over the last year) that we see a 61.8-78.6% retracement, which brings in support at $90, and at $73/77. Additional support and Fibo levels are provided.
Posted: May 12, 2021