Apple (AAPL) August 17 preview

Last week’s “bullish hammer” candlestick on APPLE shares makes hope for further gains. Price needs to exceed the 118-120 resistance range in order to change the daily trend from bearish to bullish. Trading below the 200-day SMA ($120 is long-term negative.

AAPL daily (2 months):

aapl

Chart: http://www.Stockcharts.com

Petros Steriotis