- March 28, 2023
- Category: Market News
Experts predict dip in Apple
Investing in the stock market can be a risky venture, but with proper research and analysis, investors can make informed decisions to minimize risk and maximize returns. Technical analysis is an important tool for investors to evaluate the price movements of stocks and identify potential buying and selling opportunities. In the case of Apple Inc., the recent sideways trend and potential reversal in trend highlight the importance of monitoring the stock’s price action and paying attention to key levels of support and resistance.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
By staying informed and proactive, investors can make strategic trading decisions to achieve their financial goals. Apple Inc. has recently recorded a new all-time high (ATH), but has since entered a sideways trend, oscillating between a support and resistance zone. The stock price had ascended within a bullish channel in its last move, but is now reacting to the resistance zone, which may indicate a potential reversal in trend. Some technical indicators are suggesting the possibility of a bearish wave in the near future. As such, investors should closely monitor the stock’s price action and pay attention to key levels of support and resistance in order to make informed trading decisions. While Apple’s stock has been a strong performer in recent years, it is important to stay vigilant and keep a close eye on market trends in order to mitigate risk and capitalize on potential opportunities
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.