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Apple Daily Technical Analysis | 4 september 2017

2017-09-04 02:31 pm | Resource: Technical analysis | No Views : 274

Apple share is moving in a bullish direction in the near term after breaching 162.45 to upside as the buying power pushed prices to upside around 164.91 and then Retreat slightly due to sell pressure to 163.62
APPLE chart

Looking at  technical indicators
The Relative Strength Index (RSI) indicates to its consolidation avbove the middle line, trying to bounce back
The Stochastic Indicator indicates its reached in the overbought area and starts to fall downside
Therefore We expect Apple share retreat slightly targeting the 162.45 support level and then bounce back higher to continue its upside target around the 170 level
Resistance: 164.91 - 167.07 - 170
Support: 162.45 - 159.59 - 158.71
Direction: Up
Technical Analysis

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