25.07.202315:24 Forex Analysis & Reviews: Technical analysis on AAPL for July 25th, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Red lines- bullish channel

AAPL stock price remains in a bullish trend making higher highs and higher lows. Price is trading around $192-$193 inside the red upward sloping channel. As long as this is the case we consider trend is bullish. Short-term support is found at the lower channel boundary at $189. A break below $189 would be a bearish sign and the signal for the start of a pull back. The recent higher high in price was not followed by a higher high in the RSI. This was our first bearish divergence. This is not a reversal signal but only a warning. If price breaks below the channel, then we focus on the $187 area where we find the latest higher low. Bulls need to defend this support area.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.