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.
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This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
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