Source: PaxForex Premium Analytics Portal, Technical Insight
The European Court of Justice overturned the decision of the European Commission in 2016 to recover a record €13 billion fine from Apple for violating European tax rules and state subsidies.
Apple, H4
Pivot: 385.00
Analysis:
Provided that the asset is traded above 382.90, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 385.00
- Take Profit 1: 387.62
- Take Profit 2: 391.22
Alternative scenario:
In case of breakdown of the level 382.90, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 382.90
- Take Profit 1: 377.45
- Take Profit 2: 371.39
Comment:
RSI shows an uptrend during the day.
Key levels
Resistance | Support |
395.40 | 382.90 |
391.22 | 377.45 |
387.62 | 371.39 |
Apple, D1
Pivot: 386.00
Analysis:
While the asset is traded above 368.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 386.00
- Take Profit 1: 400.00
- Take Profit 2: 420.00
Alternative scenario:
If the level 368.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 368.00
- Take Profit 1: 350.00
- Take Profit 2: 332.00
Comment:
RSI shows an uptrend.
Key levels:
Resistance | Support |
450.00 | 368.00 |
420.00 | 350.00 |
400.00 | 332.00 |
We also advise you to pay attention to Disney for intra-day trading:
Pivot: 118.65
Analysis:
While the asset is traded above 111.30, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 118.65
- Take Profit 1: 128.40
- Take Profit 2: 132.80
Alternative scenario:
If the level 111.30 is broken-down, follow the recommendations below.
- Time frame: H4
- Recommendation: short position
- Entry point: 111.30
- Take Profit 1: 104.10
- Take Profit 2: 99.70