Trading Analysis of Apple Shares
Trading Analysis of Apple Shares
Source: PaxForex Premium Analytics Portal, Technical Insight
The Italian antitrust authority launched an investigation into cloud storage services managed by Apple, Dropbox, and Google in response to some complaints about unfair commercial practices. In a press release announcing the investigation, it is stated that a total of six investigations have been launched. In addition to allegations of unfair commercial practices, the regulatory body said it was investigating complaints of violations of the Italian Consumer Directive.
Apple, H4
Pivot: 119.50
Analysis:
Provided that the asset is traded below 124.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 119.50
- Take Profit 1: 116.25
- Take Profit 2: 113.60
Alternative scenario:
In case of breakout of the level 124.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 124.00
- Take Profit 1: 127.50
- Take Profit 2: 131.60
Comment:
RSI shows the possibility of a downtrend during the day.
Key levels:
| Resistance | Support |
| 131.60 | 116.25 |
| 127.50 | 113.60 |
| 124.00 | 111.00 |
Apple, D1
Pivot: 120.10
Analysis:
While the asset is traded above 120.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 120.10
- Take Profit 1: 128.60
- Take Profit 2: 137.70
Alternative scenario:
If the level 120.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 120.00
- Take Profit 1: 108.00
- Take Profit 2: 100.00
Comment:
RSI shows an uptrend.
Key levels:
| Resistance | Support |
| 137.70 | 108.00 |
| 128.60 | 100.00 |
| 120.00 | 89.00 |
We also advise you to pay attention to Disney for intraday trading:
Pivot: 131.99
Analysis:
While the asset is traded above 124.20, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 131.99
- Take Profit 1: 143.10
- Take Profit 2: 147.20
Alternative scenario:
If the level 124.20 is broken-down, follow the recommendations below.
- Time frame: H4
- Recommendation: short position
- Entry point: 124.20
- Take Profit 1: 117.60
- Take Profit 2: 113.60