Apple remain in bullish trend, where is the best price to take long positions

While the of Apple Inc shares dropped from a record high on Tuesday, investors still believe the company has something to show. Nomura's Jeffrey Kvaal lowered her assessment of Apple to a neutral position and said the stock price had already reflected sales of the iPhone X as well as all other positive catalysts. According to Bloomberg's recommendations, eight of the analysts believe the price will stay around the current levels, and another 36 believe the company has a lot to give to the world and they is bullish in 2018.

Where is Apple currently located and where is the best price to take long orders?
The stock price moves in a rising trend and breaks the flagship formation formed inside the trend, after retracement to a horizontal and dynamic support level. Entry from the current levels will be too risky, but if we are still considering an entry, then our SL order should be around $168. A conservative entry would give us a better perspective, but we need to wait around $165 for a correct position with a short stop.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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