– Apple reversed from support zone
– Likely to rise to resistance level 237.00
Apple recently reversed up from the support zone located between the key support level 220.00 (which has been reversing the price from October), lower daily Bollinger Band and the 61.8% Fibonacci correction of the sharp upward impulse (C) from August.
The upward reversal from the support level 220.00 stopped the previous minor impulse wave 1, which belongs to wave (C) from the start of January.
Given the clear daily uptrend and the oversold daily Stochastic, Apple can be expected to rise further to the next resistance level 237.00.
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