Apple Near All-Time High: Two Possible Scenarios Ahead
Last night, $Apple (AAPL.US)$ attempted to reach its all-time high but closed with a doji formation. This doji suggests profit-taking at the highs.
Currently, the chart pattern for $Apple (AAPL.US)$ shows a cup and handle—a bullish continuation pattern often seen in fundamentally strong stocks. However, the price has not yet broken out above the all-time high to complete this pattern.
If the price stays above $231 (the magenta line), there’s potential for an upside breakout (Long DLC $APPLE 3xLongSG261006 (MACW.SG)$ will gain if the underlying stock rises).
If the price falls below $231, this bullish breakout attempt could fail (Short DLC $APPLE 3xShortSG261006 (PODW.SG)$ will gain if the underlying stock declines).
Keep an eye on the reaction around $231.
Follow me for fresh ideas.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
SGX Academy Trainer | International Speaker | Angel Investor | Automated System Developer | Made first pot Gold at 18
825Followers
2Following
1859Visitors
Follow