APPLE turned oversold on the 1D technical outlook (RSI = 31.524, MACD = -4.390, ADX = 40.988) as it hit the S1 level and got just $8 away from the 1W MA50. The latter is intact since May 2024 and is the core support level of the 2.5 year Channel Up. Apart from hitting the S1 level, the 1W RSI is entering the S1 Zone and the first bounce after a HH has been a strong buy signal inside this Channel Up (resembles October 23rd 2023 and June 13th 2022 lows). We are bullish (TP = 255.00) expecting an immediate reversal.
Once this breaks, we espect a rally of similar proportions to November (TP = 5.500).
See how our prior idea has worked out:
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Once this breaks, we espect a rally of similar proportions to November (TP = 5.500).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.