Apple more room for downside
January 13, 2014 6:30 amVideo
Latest News
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
Apple is one of the prime stocks, trading at the price of $532. It
made a good rally from June’s lows. Correcting itself after an up move. It shows
the bull image in the charts. In the longer term the company sales show a solid growth.В Apple trying to expand
their customer base in China. Apple and China mobile have entered into a
multi-year agreement to bring 3G, 4G networks beginning on Friday, January
17. China mobile is the world’s largest mobile services provider
and the largest customer base as well.
In the technical front Apple hit the 52-week high at the level of $574.75. After that it starts a downfall broken it previous support. Momentum
oscillators indicating a sell mode. Prices are trading below 21DEMA, bears favouring factors are adding in the daily charts.
Support: $505
Resistance: $547.5, $565.30В
We could expect the next up move only above the level of $569,until
prices looking downwards. A lot of room on the downside.В
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: