Apple: ⬆️ Buy
– Apple reversed from support area
– Likely to rise to resistance level 280.00
Apple recently reversed with the daily Hammer from the support area between the strong support level 264.75 (former strong resistance from October and the monthly low from November) and the lower daily Bollinger Band.
The support level 264.75 was strengthened by the 50% Fibonacci correction of the sharp upward impulse from October.
Given the clear daily uptrend, Apple can be expected to rise to the next resistance level 280.00 (top of the previous wave b).
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