Apple continue to move within the correction and the upward channel. Moving averages indicate a short-term bullish trend for Apple. Prices are retesting the area between the signal lines, which indicates pressure from stock buyers. At the time of publication of the forecast, the share price is 134.00. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 130.55 area. 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 5, 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 the Apple stock price will be a fall and a breakdown of the level of 120.05. This will indicate a breakdown of the lower border of the ascending channel and continued fall to the area at the level of 110.05. 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 5, 2021 suggests the development of a correction and a test of the support area near the level of 130.55. 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 120.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 110.05.
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