Technical analysis

Apple Wave Analysis – 1 September, 2021

• Apple broke the resistance level 151.00

• Likely to rise to resistance level 157.50

Apple recently broke the resistance level 151.00 (upper boundary of the sideways price range inside which the price has been trading from the start of July).

The breakout of this resistance level 151.00 accelerated the active short-term impulse wave 5, which belongs to the intermediate impulse wave (C) from last year.

Given the prevailing uptrend, Apple can be expected to rise further toward the next resistance level 157,50 (target price for the completion of the active impulse wave (C)).

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