Technical analysis

Apple Wave Analysis 3 July 2024

– Apple broke key resistance level 218.50

– Likely to rise to the resistance level 225.00

Apple recently broke the key resistance level 218.50 (which stopped two of the previous waves 1 and b in June, as seen from the daily Apple chart below).

The breakout of the resistance level 218.50 accelerated the active short-term impulse wave 3.

Given the strong daily uptrend, Apple can be expected to rise further toward the next resistance level 225.00, intersecting with the resistance trendline of the weekly up-channel from last year.

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