Technical analysis

Apple Wave Analysis – 14 October, 2019

Apple Wave Analysis – 14 October, 2019
  • Apple broke multi-month resistance level 230.00
  • Likely to rise to 242.00

Apple recently broke above the powerful, multi-month resistance level 230.00 (which stopped the sharp daily uptrend in October of 2018, as can be seen below).

The breakout of the resistance level 230.00 should accelerate the active impulse waves 3 and (3) – which belong to the long-term upward impulse sequence ③ from August.

Apple is expected to rise further and retest the next resistance level 242.00 (target price for the completion of the active impulse wave (3)).

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