AAPL – Apple, Inc.
Context Technical Analysis
Since mid April, AAPL is moving in a bullish trend, above the blue line. In, fact in this period, the price moved in a strong bullish channel between its 10-day moving average and the upper Bollinger Band
The price is currently trending above its rising 10- 20- and 50-day moving averages.
Finally, the price broke above an important resistance line, the orange line. .
The Relative Strength of AAPL has dropped in the last sessions, but has turned up again..
Higher Time Frame
From AAPL's weekly chart below, we can see:
· The price of AAPL is moving up and above its 10- 20 and 50-week moving average
· AAPL broke above the resistance line – the orange line
· From the Relative Strength chart, we can see that AAPL outperforms for about a year.
Money Management Guidelines
Suggested Buy: 332
Suggested Sell: 312
Suggested Trade Size: 50
Our Money Management Guidelines are based on the assumption that our capital is USD 100000 and we allow a 1% loss of capital per trade.