Weekly analytics- Forex Technical Analysis: Trend potential – We’re long with #Apple

 #Ebay weekly

We're long with #Apple

Technical observation

The commodity on the weekly chart above has been trading on an upward momentum with retracements at the supportive zone it established around 36.75-35.85, last week the value of this shares rose and I still expect more bullish rally this week towards the resistance line 46.29 followed by a possible breach above it for a further rise. If you bought these shares within the above mentioned zone after a bounce, hold on to that position with your take profit at 46.29 and stop loss at 32.30.As long as this commodity is contained above the zone 36.75-35.85, only long positions look ideal and may be recommended.

Trade recommendation

Remain long with your take profit at 46.29 and stop loss at 32.30.

#Apple weekly

We're long with #Apple

Technical observation

#Apple retraced to a supportive zone 188.64-185.75 but could not penetrate below it, it was rejected then rose and I still expect more bullish momentum. If you went long within 188.64-185.75 remain in the trade with your take profit at 216.41, if you are not long yet, you can still buy this commodity now but if you are a bit sceptic to trade it now you can wait for another correction to 188.64-185.75 and a rejection to buy. In case this commodity rise to the level 216.41 and penetrates above it with a big green candle, more bullish rally can be anticipated. Short positions may only be advisable below 188.64-185.75.

Trade recommendation

Remain long with your take profit at 216.41 and stop loss at 172.87.

#Exxon weekly

We're long with #Apple

Technical observation

The commodity on the weekly chart above has been declining steadily towards a supportive level 73.47 since it was rejected within a resistance zone 84.20-83.43, last week the value of this company’s shares rose but not for long, my expectation this week is either a decline to the level 73.47 followed by a penetration below it or a bounce at it followed by another correction to 84.20-83.43, If you went short within the zone 84.20-83.43, you can pick your profits now, however if you were not in a trade yet, wait for either another correction to the above mentioned zone or a breach below 73.47 to sell these shares.

Trade recommendation

Remain flat.