Apple Wave Analysis – 16 December, 2019

• Apple reversed from support level 267.25
• Likely to rise to 280.0

Apple recently reversed up from the support level 267.25 (former resistance level which stopped earlier impulse waves (iii) and 3 – acting as support after was broken recently).

The upward reversal from the support level 267.25 continues the active impulse waves 5 and (C).

Apple is expected to rise further toward the next resistance level 280.0, intersecting with the resistance trendline of the wide daily up channel from May.