Cow Moo-ney commented on a stock · Jun 16, 2022 10:35

Quick thoughts on Apple - 16 Jun

Apple managed to fill up one gap yesterday. But there is another ”gap down” to be filled in order for it to be slightly bullish.
However, please note that there is a resistance line at around 140. If Apple can break above it, then it is likely we will fill up the 2nd gap.

Another thing to note - the candlestick closed out of the downward channel yesterday. We need another 1-2 candles of this to be slightly bullish.

This Friday is Quad Witching Day. MMs can bring up the stock to wipe out the bears, and then bring it down again next week. This is not guaranteed as it all depends on which boat is heavier - the puts or the calls, the bears or the bulls.

Invest safe alright!

$Apple (AAPL.US)$

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