Apple tries to vent off overbought saturation - Analysis - 13-08-2018

Economies.com
2018-08-13 14:17PM UTC

Apple's stock fell 0.65% in the last session, or 1.35 points, as it vents off overbought saturation in the Relative Strength Index, while traders collected recent profits, with positive signals still surrounding the stock to help maintain the main upward trend in the medium and short terms, such as positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, as long as it settles above 202.36, targeting the important resistance of 215.79. 

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