Is Apple Stock Ready To Go Up? – apple (AAPL)

Is Apple Stock Ready To Go Up?  - apple (AAPL)

Points Highlighted:

  • Because of this, they place their buy orders at what was their selling price. If there are enough of these buy orders, it creates support.

  • A large number of them will decide to buy their shares back. But they will only do so if they can get them for the same price they sold at. This allows them to reverse what they now believe was a mistake.

This may have occurred with Apple Inc. (NASDAQ:AAPL) around the $142.50 level. It was a resistance level in January and now it may have become a support level. If so, it could set the stage for a new uptrend to form.

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