Apple Settles Into 2 Bullish Patterns Mid-Week: The Bull, Bear Case For The Stock
Portfolio Pulse from Melanie Schaffer
Apple Inc. (AAPL) is currently in two bullish patterns, indicating a likely short-term positive trend. The patterns, a rising channel and an inside bar formation, suggest a period of consolidation followed by a continuation in the direction of the current trend. However, the upcoming Federal Reserve decision on interest rates may increase market volatility. Apple's stock has been in a consistent uptrend since March 2, with resistance above at $194.48 and $200, and support below at $189.61 and $182.94.
July 19, 2023 | 12:50 pm
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Apple's stock is showing two bullish patterns, suggesting a short-term positive trend. However, the upcoming Federal Reserve decision on interest rates may increase market volatility, potentially impacting the stock's performance.
The bullish patterns indicate a likely short-term positive trend for Apple's stock. However, the upcoming Federal Reserve decision on interest rates could increase market volatility, which could impact the stock's performance. The stock has been in a consistent uptrend since March 2, suggesting a strong performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100