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

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:

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