empty
11.01.2022 09:00 AM
Technical analysis of Apple for January 11, 2022

This image is no longer relevant

Apple shortly hit a market cap of USD 3 trillion, which is more than all stocks together in the FTSE 100 or the French CAC 40 or the DAX 40 each of these indices has a value below USD 3 trillion. We can't say if that valuation is extreme, but what we can say something about is the technical view for Apple and it should be clear that and ending diagonal or wedge is playing out here. This formation is seen at the end of a large rally or decline. In the case of Apple, it's after a large rally and this formation call for a decline to the start of the formation which is seen at 103.11 within half the time it took to build the ending diagonal. As it took 16 months to build the ending diagonal, it should take less than 8 months to bring Apple down to 103.11 once the top is confirm, which will be upon a break below support at 169.12.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

XAU/USD. Analysis and Forecast

From a technical perspective on the 4-hour chart, the recent break below the 100-period Simple Moving Average (SMA) has been viewed as a key bearish signal. Additionally, the oscillators

Irina Yanina 12:08 2025-07-30 UTC+2

EUR/USD. July 30th. Bears have paused, but new challenges await them

On Tuesday, the EUR/USD pair continued its downward movement and closed below the 100.0% Fibonacci retracement level at 1.1574. This suggests that the decline may continue on Wednesday, targeting

Samir Klishi 12:02 2025-07-30 UTC+2

GBP/USD. July 30th. The Fed May Lend a Helping Hand to the Dollar

On the hourly chart, the GBP/USD pair continued its decline on Tuesday and closed below the support zone of 1.3357–1.3371. As a result, the British pound may continue falling

Samir Klishi 11:58 2025-07-30 UTC+2

Forex forecast 30/07/2025: EUR/USD, USD/CAD, USD/JPY, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:22 2025-07-30 UTC+2

Trading Signals for GOLD (XAU/USD) for July 30-31, 2025: buy above $3,320 (21 SMA - 5/8 Murray)

Gold is trading around 3,332, recovering after having reached the key level of $3,300. Gold is expected to climb to the 7/8 Murray level around 3,398 in the coming days

Dimitrios Zappas 07:08 2025-07-30 UTC+2

Trading Signals for EUR/USD for July 30-31, 2025: buy above 1.1530 (rebound - 6/8 Murray)

Technically, the euro is reaching oversold levels. So, the odds are that there will be consolidation above the psychological level of 1.15 or above 6/8 Murray in the coming days

Dimitrios Zappas 07:07 2025-07-30 UTC+2

Trading Signals for BITCOIN for July 30-31, 2025: sell below $118,750 (6/8 Murray - 21 SMA)

If Bitcoin breaks the downtrend channel in the next few days and consolidates above $119,000, we could expect it to reach the 7/8 Murray level around 121,875 and even

Dimitrios Zappas 07:05 2025-07-30 UTC+2

Despite of the potential for a limited correction, the USD/CHF remains bullish overall, Wednesday, July 30, 2025.

USD/CHF – Wednesday, July 30, 2025. The appearance of divergence between the USD/CHF price movement and the RSI(14) indicator indicates the potential for a limited correction. Although the RSI(14)

Arief Makmur 06:50 2025-07-30 UTC+2

Can the dominant sellers in AUD/USD break below its pivot level today, Wednesday, July 30, 2025?

AUD/USD – Wednesday, July 30, 2025. With the RSI (14) condition in the neutral-bullish area, even though the EMA (50) is below the EMA (200), sellers are still quite dominant

Arief Makmur 06:50 2025-07-30 UTC+2

EUR/USD Forecast for July 30, 2025

On Tuesday, the euro declined by 42 pips. The downward movement paused at the 55-day moving average (MA55). Now, the test of the target support at 1.1495 —

Laurie Bailey 05:13 2025-07-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.