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Apple Daily Technical Analysis | 26 January 2018

2018-01-26 01:36 pm | Resource: Technical Analysis Section | No Views : 350

Apple shares broke the bullish trend line during yesterday's trading on the time frame 240 minutes after the failure of the US stock to penetrate the 177.8 and is currently trading in a bearish direction.

Apple Daily Technical Analysis | 26 January 2018

The simple simple moving average crosses negatively with the slow moving SMA and the $ 175 break confirmed on the cross, which supports the sellers.
The rate of change 12 is trading in a bearish direction and breaking the bullish trend line during yesterday's trading. Also, the oversold area is trading, which means that the bear holds the American stock.
It is expected that if the US Smart Electronics shares break below $ 169.80, it might target $ 157.40 on the other side. If the pair breaches 175.00, the stock might target $ 179.75.
Support: 170.03 - 164.80 - 155.86
Resistance: 177.80 - 186.02 - 191.34
Trend: Down


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