Apple quotes continue to move as part of a decline and a bullish channel. Moving averages indicate a short-term bullish trend for Apple. Prices are again testing the area between the signal lines, which indicates pressure from buyers of shares and a likely continuation of the growth in the value of securities. At the time of publication of the forecast, the value of the shares is 161.70. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 150.55. 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 180.55.
Apple Stock Forecast January 26, 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 bullish channel. 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 rising channel and a continuation of the fall to the area at the level of 95.05. It is worth expecting an acceleration of growth with a breakdown of the resistance area and closing above the level of 165.05.
Apple Stock Forecast January 26, 2022 suggests the development of a correction and a test of the support area near the level of 150.55. Where should we expect a rebound and an attempt to continue the growth of the pair to the area above the level of 180.55. 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 95.05.
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