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Apple Daily Technical Analysis | 29 November 2017

2017-11-29 05:56 am | Resource: Technical Analysis Section | No Views : 288

During Apple's re-test of the bearish trend line that the stock has made during the last third of this month, the stock broke the bullish trend line but without confirmation so far.

Apple Daily Technical Analysis | 29 November 2017

Our neutral outlook on US shares, the simple moving average and the slow moving average are both negative crosses and the long term moving average is becoming a resistance zone for the US stock.
Rate of Change The trend line broke during the last trading session last week and is currently trading in a bearish direction and below zero.
It is expected that if the US share is breached at $ 175.42, it might target 186.02 on the other side. If the pair breaks the 171.89 level, the American stock might target $ 169.16.
Support: 170.03 - 164.80 - 155.86
Resistance: 177.80 - 186.02 - 191.34
Trend: Up


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