Post by
TrendCaster8w8w on Nov 26, 2024 6:23am
$AAPL Pullback Opportunity? Or is it Just a Breather?
Guys, I’ve been keeping a close eye on $AAPL the past week and I gotta say, I’m feeling a bit conflicted here. On one hand, we’re seeing some solid support around that $170 level – been holding strong for the last few sessions, which is encouraging. But then again, with all the market turbulence lately, especially with tech stocks getting hit hard, I'm wondering if this is just a temporary bounce before a deeper correction. Looking at the chart, we’ve got a bit of a wedge forming – could be setting up for a breakout, or worse, a breakdown. I wouldn’t be surprised if we see some resistance around $175-$178, especially with the 50-day MA sitting just above. If it can’t break that, it might test those lows again, maybe even dip below $170. But if it does push through, then watch out, it could retest highs closer to $185 in no time.I’m personally still holding my position in $AAPL, but I’m not adding more until I see how it behaves around that $175 resistance. On the flip side, if we get a solid drop under $170, I’m definitely eyeing a potential dip-buy – Apple’s fundamentals are still strong, and if you’re a long-term holder, I don’t think this pullback will last too long.Also, I’ve been keeping an eye on $BOLT recently – heard some chatter that it’s primed for a run. If we see some momentum shift there, I might be ready to pivot a little. This one’s a bit more speculative for me, but definitely on my radar.Let me know what you guys think – are you seeing a breakout or a breakdown on $AAPL? And anyone else watching $BOLT? Could be an interesting play if it takes off.