AAPL's Daily Candle Soars Above Bollinger Band: A Sign of Correction or Continuation?

$Apple(AAPL)$ 's Daily Candle Soars Above Bollinger Band: A Sign of Correction or Continuation?

Apple's daily candle is currently trading significantly above its upper Bollinger Band, a level unseen since September 2nd, 2020, or July 31st, 2019; when a pullback followed the spike.

This raises the question: is a pullback towards the Bollinger Band inevitable, or can the uptrend continue?

Historically, a reinsertion into the Bollinger Band zone seems likely. Interestingly, the only instances since 2009 where the price continued its uptrend without revisiting the 20-day moving average (20DMA) were February 1st, 2017, and January 25th, 2012.

Here's the key takeaway: Maintaining support at $179 is crucial to avoid the more likely scenario of a price correction.

Image

https://twitter.com/SmartReversals/status/1786748022803587451

Can Your Gain on Apple Buy a New iPad Pro?

Apple refreshed its iPad lineup for the first time in over a year during the“Let Loose” event on May 7th. New iPad Pros with OLED outside and M4 chips inside, along with updated iPad Airs available in sizes that go up to 13 inches were the headliners. ------------ What's your target price for Apple? Can the money you've made on Apple cover the cost of getting a new device?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Interestingly, the only instances since 2009 where the price continued its uptrend without revisiting the 20-day moving average (20DMA) were February 1st, 2017, and January 25th, 2012.Here's the key takeaway: Maintaining support at $179 is crucial to avoid the more likely scenario of a price correction. <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/fd61f8f352f10ac272e87aae066a877c\" tg-width=\"900\" tg-height=\"514\">Imagehttps://twitter.com/SmartReversals/status/1786748022803587451</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> 's Daily Candle Soars Above Bollinger Band: A Sign of Correction or Continuation?Apple's daily candle is currently trading significantly above its upper Bollinger Band, a level unseen since September 2nd, 2020, or July 31st, 2019; when a pullback followed the spike.This raises the question: is a pullback towards the Bollinger Band inevitable, or can the uptrend continue?Historically, a reinsertion into the Bollinger Band zone seems likely. Interestingly, the only instances since 2009 where the price continued its uptrend without revisiting the 20-day moving average (20DMA) were February 1st, 2017, and January 25th, 2012.Here's the key takeaway: Maintaining support at $179 is crucial to avoid the more likely scenario of a price correction. <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/fd61f8f352f10ac272e87aae066a877c\" tg-width=\"900\" tg-height=\"514\">Imagehttps://twitter.com/SmartReversals/status/1786748022803587451</body></html>","text":"$Apple(AAPL)$ 's Daily Candle Soars Above Bollinger Band: A Sign of Correction or Continuation? Apple's daily candle is currently trading significantly above its upper Bollinger Band, a level unseen since September 2nd, 2020, or July 31st, 2019; when a pullback followed the spike. This raises the question: is a pullback towards the Bollinger Band inevitable, or can the uptrend continue? 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