Apple shares are trading at 153.71. At the moment, there is a potential for the development of a fall with a target at 148.55. In favor of the fall in quotations of shares of Apple is the test of the downward trend line on the indicator of relative strength index (RSI), an additional signal is the formation of the reversal pattern «Head and Shoulders» on the price chart.
Apple forecast stock price on May 25, 2017
Near the area of 148.55 it is worth trying to buy shares and expect growth in the local maximum area. In favor of the growth of shares, the formation of a bullish Wolfe wave model will be made. The cancellation of the growth may be the breakdown of area 145, which will indicate the continuation of the development of the fall.
Apple forecast stock price on May 25, 2017 suggests an attempt to develop a decline with a target at 148.55, from where it is worth trying to buy Apple’s shares for the purpose above area 157, as part of the start-up of the bull model of Wolfe wave.