$AAPL - Halfway the Volume Shelf

SmartReversals
01-17

$Apple(AAPL)$ - Halfway the Volume Shelf

The rally found rejection at the 10DMA just to resume the bearish move to set lower lows. $226 is the next destination for this pullback; at that level price could be oversold relative to the RSI and lower Bollinger Band.

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I have done this analysis before:

Weak setup but a short term bounce is likely considering the 100DMA and the volume shelf.

The complete analysis in the weekly timeframe was included in the latest Weekly Compass, with specific targets.

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iPhone 17 Design Update: Can it Save Apple?
In a report on Wednesday, analysts stated, "Apple is feeling the pressure," pointing out that its gains have fully reversed the post-election rebound. Recently, well-known leaker MajinBuOfficial shared real-life images of the iPhone 17 series' back panels. The design aligns closely with earlier rumors, featuring a brand-new horizontal rear camera arrangement. Opinions on the new iPhone's appearance are divided. ------------------ Do you like the new design? Can the iPhone 17 save Apple’s stock price? Is it a good buy under $200?
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