Apple Looking Good Historically!

11 мая 2020 г.

As the S&P 500 continues to show strength, we can see that stocks are showing signs of strength
as well and one of them includes Apple.

Apple, like many stocks, suffered a huge decline in February and March of this year as a result of the
pandemic, suffering a 35% decline but it has now recovered by climbing up 47%.

We experienced a bullish April and so far in May price has moved up 2,700 points and may move up
a lot more by the end of the month.

Price has moved above a major resistance level which is now support at the $300 round number and
is now approaching the current all-time high.

The all-time high is from the January 2020 high which stands at $327. Things could get interesting if and
when price reaches this level because if it can successfully break above it, we should see a strong uptrend unfold.

The markets are looking good right now and they may continue to do so but we always have to trade with caution.
As we are currently in a pandemic, the markets may still become volatile which is why we are standing aside for now.
Once the S&P 500 breaks out to the upside then we will have the confirmation we need to enter long trades.
To get a better understanding of our approach then register for our free 4-Part Series with the link down below.

See below for more information on our trading techniques.

As always, keep it simple, keep it Sublime.