Apple quotes continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bullish trend for Apple. Prices pushed from the area between the signal lines, indicating pressure from stock buyers. At the time of publication of the forecast, the value of shares is 324.75. 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 320.05. Further, a rebound and continued growth in the value of securities. The potential target of this movement is the area above the level of 375.05.
Apple Stock Forecast and Chart February 19, 2020
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 boundary of the «Triangle» model. Cancellation of the growth option for Apple stock price quotes will be a fall and a breakdown of the level of 310.05. This will indicate a breakdown of the lower boundary of the ascending channel and continued fall into the region at 265.05. Expect acceleration of growth is with the breakdown of the resistance area and closing above the level of 335.05.
Apple Stock Forecast and Chart February 19, 2020 suggests the development of a correction and test of the support area near the level of 320.05. Where can we expect a rebound and an attempt to continue the growth of the pair in the region above the level of 375.05. A test of the trend line on the relative strength index (RSI) will be in favor of the rise in the currency pair. Cancellation of the growth option for the Apple index will be a fall and a breakdown of the level of 310.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 265.05.
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