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Apple Daily Technical Analysis | 1 February 2018

2018-02-01 10:04 am | Resource: Technical Analysis Section | No Views : 399

Apple shares re-test the bullish trend line that broke it on the interval 240 minutes during yesterday's trading as a result of the bear's pressure on the American stock.

 Apple Daily Technical Analysis | 1 February 2018

Currently, our neutral view of the US stock is due to the lack of confirmation of the break of the ascending trend line, the simple moving average and the slow moving average moving negatively.
Rate of change 12 Break the trend line during the last week and currently trading in areas of saturation selling.
It is expected that if the US Smart Electronics shares break below $ 164.80, it might target $ 157.25, while in the case of a breach of 168.14 the stock might target $ 177.03.
Support: 164.80 - 155.86 - 149.49
Resistance: 170.09 - 177.80 - 186.02
Trend: Down

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