Apple gathers positive momentum - Analysis - 14-11-2017

Economies.com
2017-11-14 12:25PM UTC

Apple's stock (AAPL) fell in the intraday levels, recording a loss of 0.40% in the last session, or 0.70 points, as traders collect recent short-term profits, while the stock gathers momentum to help it rise anew, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms. 

 

Therefore we expect the stock to return higher, especially if the resistance of 174 was confirmed to be breached, targeting the next one at 180.76. 

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