Apple strives to shake off negative pressure - Analysis - 22-10-2018

Economies.com
2018-10-22 13:54PM UTC

Apple's stock returned higher in the intraday levels after leaning on the support of the upside short-term trend line as shown in the attached chart, with positive signals from the RSI, scoring a profit of 1.52% in the last session, or 3.29 points, while the stock shakes off negative pressure from the 50-day SMA. 

 

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

 

Expected trend for today: Bullish    

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