Apple quotes continue to move as part of a strong correction and an upward channel. Moving averages indicate a short-term bullish trend for Apple. Prices returned to the area between the signal lines, indicating pressure from stock sellers, but growth potential still exists. At the time of publication of the forecast, the value of shares is 288.25. 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 275.05. Further, a rebound and continued growth in the value of securities. The potential target of this movement is the area above the level of 355.05.
Apple Stock Forecast and Chart February 27, 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 ascending channel. Cancellation of the option of increasing quotes for Apple stock prices will be a fall and a breakdown of the level of 255.05. This will indicate a breakdown of the lower boundary of the ascending channel and continued fall into the region at the level of 215.05. Expect acceleration of growth is with the breakdown of the resistance area and closing above 325.05.
Apple Stock Forecast and Chart February 27, 2020 suggests the development of a correction and test of the support area near the level of 275.05. Where can we expect a rebound and an attempt to continue the growth of the pair in the region above the level of 355.05. 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 255.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 215.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
