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21.10.202310:38 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on AAPL stock price for week ending October 20th, 2023.

Exchange Rates 21.10.2023 analysis

Red lines- bearish trend line

Blue lines- Fibonacci retracement levels

green line- RSI support trend line

AAPL stock price closed at its weekly low this past week. Price got rejected at the red resistance trend line at $182 resistance area and is now moving lower as expected by our previous analysis. Thus far price has formed two lower highs and two lower lows. Will we see a third lower low? Support is found at $170 where we see the 38% Fibonacci retracement where price bounced off last time. The RSI is challenging its own support trend line at recent close of $172.85. If selling pressures continue next week, we should expect $170 to be tested and maybe see new lower lows towards the 50% Fibonacci retracement at $161.30. Bears remain in control of the trend. So far we have no indication of a major low or trend reversal.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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