Apple stock (NASDAQ:AAPL) is currently trending
northwards and it should continue doing so this year, although there could be
some southward corrections along the way, which should be short-term in nature.
The Apple stock experienced a smooth bullish run
last year; consolidating when the year closed. The price has resumed its northward
journey, reaching a new high at the time this piece is being prepared.
In the chart, the ADX period 14 is around the level
20, signifying that the market currently lacks momentum (although momentum will
soon return). The DM+ is above the DM-, meaning that the bulls have been able
to survive ongoing onslaught from the bears. The MACD default parameters have
both its signal lines and histogram above the zero line. Indeed, there is a
Bullish Confirmation Pattern in the market and the supply levels at 125.00 and
130.00 can be attained in the end.
This forecast is ended by the quote below:
“Each trader had different strategies, which was
incredibly exciting. While
some made 300 trades a day, there were also traders who
only executed one trade a week. And every one of them knew exactly what he was
doing. That was exactly what I wanted to do!” – Jens Rabe
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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