Apple shakes off negative pressure - Analysis - 17-10-2018

Economies.com
2018-10-17 14:27PM UTC

Apple's stock rallied 2.20% in the last session, or 4.79 points, while shaking off negative pressure from the 50-day SMA, with positive signals from the RSI, coupled with the dominance of the main upward trend in the medium and short terms along the trend line as shown in the attached chart. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 233.47, as long as the support of 216.47 holds on. 

 

Expected trend for today: Bullish       

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