AAPL - Bollinger Band Test: Bullish or Bearish?

SmartReversals
05-16

$Apple(AAPL)$ jumped above the Bollinger Band recently and came back below it.

Jumping the band usually sends price down to 20DMA at least, was this an obvious short?

No, it held $184.9 and jumped above it.

It's been a long time since RSI was above 70, but there are no obvious reversal warnings, so remember the key S/R level mentioned since Monday for everyone in bio.

Trading is about levels, no matter the bias.

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192 is a reasonable target, and 195 a stronger resistance that will start moving up since next week.

https://twitter.com/SmartReversals/status/1790866008984387953

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  • Azerone.Kee
    ·05-16
    need to see other indicators as well.
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