Apple -> Is This The Top?

٢٨ فبراير ٢٠٢٣

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

From a weekly timeframe Apple stock just recently tested and already rejected a very obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are having a bullish weekly ema crossover, however I personally think that we will retest the next support area at $135 before then creating the continuation towards the upside.

On the daily timeframe I am now just waiting for a clear break and retest of the previous support zone which would then be turned resistance before I then do expect a next short term impulse towards the downside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/AAPL/51i40CE4-Apple-New-All-Time-Highs-Coming/