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Apple Daily Technical Analysis | 19 October 2017

2017-10-19 11:07 am | Resource: Technical Analysis Section | No Views : 342

We are still neutral on Apple shares as a result of the weakness in which the stock is suffering from a defect in the base of the bullish trend forming a summit lower than the other and try to break the previous bottom as yesterday.

Apple Daily Technical Analysis | 19 October 2017

The SMA and the Slow Moment are close to some suggesting a possible negative intersection soon.
The rate of change is trading in a bearish direction and shows a negative technical deviation from the first degree in the formation, if confirmed, may cause the stock to fall strongly.
It is expected that, in the case of shares of electronic devices areas of $ 159.23, it may target the level of 156.15, while, the penetration of areas of 160.87 level 162.23.
Support: 155.11 - 149.82 - 147.93
Resistance: 162.23 - 164.90 - 167.10
Trend: neutral

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