Apple buoyed by current support - Analysis - 04-06-2019

Economies.com
2019-06-04 13:58PM UTC

Apple's stock rose after the support of 170.00 held its ground, while gathering momentum amid positive signals from the RSI, with the dominance of the downward short-term trend, coupled with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to decline as long as the resistance of 180.70 holds on, targeting the support of 170.00. 

 

Expected trend for today: Bearish  

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