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Apple: Stock Market Update

by Antonis Benis, on Nov 20, 2019 3:44:56 PM

APPLE

The stock is approaching major resistance at Gann resistance level $287/289 and the 1x14c Gann angle (see charts 1,2).



APPLE (weekly)
 
 
APPLE (daily) trading signals
 
 
 
  • 161,8% retracement from the January low at $290
  • TD monthly sequential 9 sell setup will be complete this month
  • Seasonality supportive until December 6th (see chart 3)

    seasonax-apple-nasdaq stock market

"courtesy to seasonax.com"

 

Once the top is in, ideally in the first half of December, expect a swift correction that may give back half of the gains from the January major low; for now, support at the 20d EMA.

Keep in mind that APPLE tends to peak and bottom with the general stock market and vice versa.


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