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16.05.202206:15 Forex Analysis & Reviews: Technical analysis Apple for May 13, 2022

Exchange Rates 16.05.2022 analysis

The last time we looked at Apple it was trading well above the important support at 150.10. This is not the case anymore. With important support at 150.10 gone, we should be looking for increased downside pressure towards 113.80 at point 13 and point 14, which is closer to 69.92.

We need to appreciate the work Livermore did for us almost 100 years ago by giving us this model as our guide. It is better not to rush to buy as Apple shares may decline further soon.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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