Technical analysis on APPLE stock price for July 17th, 2023.
July 17, 2023 2:24 pm
Red lines- bullish channel
AAPL stock price remains in a bullish trend making higher highs and higher lows. Price continues to trade inside the red upward sloping channel respecting the boundaries. So far we only had some warning signs but no reversal confirmation. Bulls remain in control of the near term trend. Support is at $187.40 and resistance at $192.62 and next at $199. If support at $187.40 fails to hold, AAPL stock price will be vulnerable to a move lower towards $175 and $163. Until then bulls remain in control.
The material has been provided by InstaForex Company – www.instaforex.com
Red lines- bullish channel
AAPL stock price remains in a bullish trend making higher highs and higher lows. Price continues to trade inside the red upward sloping channel respecting the boundaries. So far we only had some warning signs but no reversal confirmation. Bulls remain in control of the near term trend. Support is at $187.40 and resistance at $192.62 and next at $199. If support at $187.40 fails to hold, AAPL stock price will be vulnerable to a move lower towards $175 and $163. Until then bulls remain in control.
The material has been provided by InstaForex Company – www.instaforex.com
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