By
BRUCE KAMICH
AAPL
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.
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.
Strategia liniei de bază: 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.
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Source: https://realmoney.thestreet.com/investing/apple-shares-are-at-a-pivot-point-16118913?puc=yahoo&cm_ven=YAHOO&yptr=yahoo