APPLE COMPUTER INC.: WEEKLY SCENARIO – 18 February 2022

APPLE COMPUTER INC. Technical Analysis: Weekly Chart

In the weekly charts, APPLE COMPUTER INC. is trading in down channel.

It is trading below 100 days SMA & above 20 and 50 days SMA.

The immediate support is 156.84 & the resistance level is at 173.14.

APPLE COMPUTER INC. is trading in the down-channel until there is a trend reversal

APPLE COMPUTER INC. Technical Analysis: Daily Chart

In the daily charts, APPLE COMPUTER INC. is trading in a down channel.

It is trading above 100 days SMA & below 20 and 50 days SMA.

The immediate support is 167.94 & the resistance level is 170.00.

APPLE COMPUTER INC. is trading in the down-channel until there is a trend reversal.  

How to Trade APPLE COMPUTER INC. this Week:

APPLE COMPUTER INC. will follow the downtrend until their trend reversal. So, remain bearish on APPLE COMPUTER INC.

TRADE SUGGESTION- SELL AT 168.74, TAKE PROFIT AT 167.94 AND STOP LOSS AT 170.00