Friday, February 16, 2018

Annual Forecast for Apple (2018)

Apple stock (NASDAQ:AAPL) is currently in a bearish trend as price has dropped steeply in January and February.

Since price went below the lower Trendline, the RSI period 14 has also gone below the level 50. This signifies weakness in the market. There may be upwards bounces, but they should be ignored because the dominant bias in the market is currently bearish.

Apple Inc., is supposed to go generally bearish this year, reaching the accumulation territories at 160.00, 150.00 and 140.00.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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