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21.09.202106:58 Forex Analysis & Reviews: Technical analysis of Apple for September 21, 2021

Exchange Rates 21.09.2021 analysis

Apple is testing short-term key support at 141.67 and a clear break below here will confirm that a long-term top is in place at 157.26. A larger corrective decline should be expected in the weeks and months ahead. A break below 141.67 will call for a correction towards at least the 50% corrective target at 76.77, but a more likely target is the 61.8% corrective target, which is seen near 58.66.

In the short term, we see resistance near 150.27, but Apple could still make a new all-time high as long as short-term key support is able to act as a floor. The odds for a new all-time high are low but it is still a possibility.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Torben Melsted,
Chuyên gia phân tích của InstaForex
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