- Price in daily chart is near the apex of a contracting pattern which may result in bigger moves on breakout.
- Apple daily near support level of 555. If price gets support here an up move possible.
- Crucial support for this week is the 20 Week SMA and 38.2% Fibonacci level. Breaking 555 should take Apple towards 20 Week SMA.
- Hour chart sustaining below the hourly cloud will favor bears of Apple.
- For bulls price has to sustain above 578 for a turnaround in favor of bulls.
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