Naked Chart Trading: AAPL 9 Apr 2024

AAPL tried to break above USD200 but failed, now retest around USD165 level, the previous low in Oct 2023. Any close below this level may trigger a double top bearish reversal pattern.

Fibo retracement
I draw a Fibo from recent beginning of bull wave which is Jan 2023 till the peak of around USD200 level, currently trading around 38.2%.

Support
Immediate support at USD165 level, followed by 50% around USD161 and 61.8% around USD152. Major support located at lowest in year 2023 which is around USD124

Resistance
Close above USD180 level may trigger a double bottom bullish reversal signal, followed by major resistance USD200 level

Disclaimer
This content is for reference only and does not constitute any investment advice, past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.