Apple continue to move within a strong correction and an upward channel. Moving averages indicate a short-term bullish trend for Apple. Broke down the area between the signal lines, which indicates pressure from the sellers of the shares. At the time of publication of the forecast, the share price is 131.83. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 125.05. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area above the level of 155.05.
Apple Stock Forecast and Analysis February 2, 2021
An additional signal in favor of the growth of Apple quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for Apple stock quotes will be a fall and a breakdown of the level of 115.05. This will indicate a breakdown of the lower border of the ascending channel and continued falling into the area at the level of 105.55. An acceleration of growth is expected with the breakdown of the resistance area and closing above the level of 140.05.
Apple Stock Forecast and Analysis February 2, 2021 assumes the development of a correction and a test of the support area near the level of 125.05. Where can we expect a rebound and an attempt to continue the growth of the pair to the area above the level of 155.05. A test of the trend line on the relative strength index (RSI) will be in favor of raising the currency pair. Cancellation of the Apple growth option will be a fall and a breakdown of the level of 115.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 105.55.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link