Aaple and Gateway
After this big Pull back of AAPLE , now we can see some rebound in this stock.
According to chart above we have a very good support near 70$ level, and the volume also has decreased in the last sessions, so perhaps is a signal that the sellers can stop here, so if the stock rebound from here we have only a resistance in the top of the channel near 75$.
Resistance : 75.76 Support : 70.97
Gateway still trading above the red line ( Long term downtrend line ), the RSI is in the flat line and the MACD still showing some Bullishs signals, but between Neutral and Bullish. Until this moment it still difficult to predict the correct direction of the stock.
MM50 is at 2.81
Resistance 2.85
That's All. Have a great weekend !!!
AC