Apple continue to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bearish trend for Apple. Prices broke through the area between the signal lines up, which indicates pressure from buyers of shares and a likely continuation of the growth in the value of securities in the near future. At the time of publication of the forecast, the value of the shares is 144.50. As part of the forecast, we should expect an attempt to develop a downward correction and a test of the support level near the area of 140.05. Further, a rebound upwards and continued growth in the value of securities. The potential target of such a movement is the area above the level of 160.05.
Apple Stock Forecast December 14, 2022
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 “Triangle” pattern. Cancellation of the growth option for Apple stock quotes will be a fall and a breakdown of the level of 135.05. This will indicate a breakdown of the lower boundary of the model and a continuation of the fall to the area at the level of 105.05. It is worth expecting an acceleration of growth with a breakdown of the resistance area and closing above the level of 155.05, which will indicate a breakdown of the upper hailstone of the “Triangle” model and the beginning of the pattern with targets at the top.
Apple Stock Forecast December 14, 2022 suggests the development of a correction and a test of the support area near the level of 140.05. Where should we expect a rebound and an attempt to continue the growth of the pair to the area above the level of 160.05. In favor of the rise of the currency pair, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the growth option for Apple will be a fall and a breakdown of the level of 135.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 105.05.
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