ຮຸ້ນ Apple ຢູ່ໃນຈຸດ Pivot

In this daily Japanese candlestick chart of AAPL, below, I can see that prices made a low in late December/early January. AAPL rallied quickly into February before a pullback into early March. Shares just made a slight new high for the move up but our analysis doesn’t stop there.

Today’s candle is a doji – it could change by the close of trading – which is a balance between bulls and bears. The open and the close is the same or nearly the same. A bearish (red) candle on Wednesday would be confirmation should it happen.

The daily On-Balance-Volume (OBV) line is confirming price strength but the 12-day price momentum study shows a lower high from February to March. This is a bearish divergence and could foreshadow price weakness ahead. 

 

 

 

In this daily Point and Figure chart of AAPL, below, I can see an upside price target in the $177 area but a trade at $158.62 is needed to refresh the uptrend. 

 

 

 

ຍຸດທະສາດດ້ານລຸ່ມ: It is often said that technical analysis, and charts and indicators, are very subjective. Two analysts can come to different conclusions. I get that but I just want to point out that shares of AAPL are at a “pivot point”. Stay close.