Start
trading

Main >
Analytics
>
Fresh forecast
>
Forex Technical Analysis: Trend potential
>
We're long with #Apple

We're long with #Apple | 24 May 2019

 #Ebay weekly

We're long with #Apple

Technical observation

The commodity on the weekly chart above has been trading on an upward momentum with retracements at the supportive zone it established around 36.75-35.85, last week the value of this shares rose and I still expect more bullish rally this week towards the resistance line 46.29 followed by a possible breach above it for a further rise. If you bought these shares within the above mentioned zone after a bounce, hold on to that position with your take profit at 46.29 and stop loss at 32.30.As long as this commodity is contained above the zone 36.75-35.85, only long positions look ideal and may be recommended.

Trade recommendation

Remain long with your take profit at 46.29 and stop loss at 32.30.

#Apple weekly

We're long with #Apple

Technical observation

#Apple retraced to a supportive zone 188.64-185.75 but could not penetrate below it, it was rejected then rose and I still expect more bullish momentum. If you went long within 188.64-185.75 remain in the trade with your take profit at 216.41, if you are not long yet, you can still buy this commodity now but if you are a bit sceptic to trade it now you can wait for another correction to 188.64-185.75 and a rejection to buy. In case this commodity rise to the level 216.41 and penetrates above it with a big green candle, more bullish rally can be anticipated. Short positions may only be advisable below 188.64-185.75.

Trade recommendation

Remain long with your take profit at 216.41 and stop loss at 172.87.

#Exxon weekly

We're long with #Apple

Technical observation

The commodity on the weekly chart above has been declining steadily towards a supportive level 73.47 since it was rejected within a resistance zone 84.20-83.43, last week the value of this company’s shares rose but not for long, my expectation this week is either a decline to the level 73.47 followed by a penetration below it or a bounce at it followed by another correction to 84.20-83.43, If you went short within the zone 84.20-83.43, you can pick your profits now, however if you were not in a trade yet, wait for either another correction to the above mentioned zone or a breach below 73.47 to sell these shares.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:

Close
Log in

Show password

Hide password

 Forgot password?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.