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Apple Eyes Fresh Highs

Published 18/04/2019, 08:51
Updated 14/12/2017, 10:25

By a few cents, Apple (NASDAQ:AAPL) hit a YTD high and bulls appear set to extend its uptrend ahead of the long weekend.

The trend is developing nicely, using the 8 and 21eMA’s as dynamic support. A doji marked a swing low around $196, prior to its burst towards the April high. Enjoying its most bullish session in nearly a month yesterday, we think bulls will try to break this higher once more. Even if it’s not achieved today, we'd look for $196 to hold as support as we head into next week before resuming its trend. If a break occurs, we could refer to lower timeframe and look to enter above the original breakout level.

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Any references to historical price movements or levels is informational based on our analysis and we do not represent or warrant that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, the author does not guarantee its accuracy or completeness, nor does the author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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