Apple, 
AMZN and 
MSFT, unlike 
GOOGL and others are yet to reach new highs. AAPL, AMZN and MSFT follow a similar cycle and have been aligning nicely with this cycle.
Big Yellow Line: AAPL shows signs of aiming for new highs having broken out of the yellow line set by previous highs of 2 Sep and 13 Oct.
Note that AAPL gaps up on 4 and 5 Nov to break out of this resistance and tests the line as support on 11 and 24 Nov.
Big Red Line: This will be the main resistance for new high. Tested as support on 23 Mar and 24 Jul. Tested as minor resistance on 26-27 Oct and 5 Nov.
Red dotted line: Historic resistance from July 2019 and Jan 2020. This line suggests if AAPL was growing on a normal trajectory (without a covid and stimulus extended market), AAPL could have tested this high by 2021.
Green lines: These two green lines test historic highs and historic lows and align perfectly with entry marking. I love seeing when a number a signs merge together!!
I will test the cycle until entry date now.
Entry: 112.50 around December 21. Based on cycle analysis, 41-45 days before earnings shows a dip buy opportunity for AAPL
Exit: AAPL peaks 15-17 days before Earnings. Low price target - 131 (half position sold) . High target - 140
Good luck traders!
AMZN and MSFT, unlike GOOGL and others are yet to reach new highs. AAPL, AMZN and MSFT follow a similar cycle and have been aligning nicely with this cycle.Big Yellow Line: AAPL shows signs of aiming for new highs having broken out of the yellow line set by previous highs of 2 Sep and 13 Oct.
Note that AAPL gaps up on 4 and 5 Nov to break out of this resistance and tests the line as support on 11 and 24 Nov.
Big Red Line: This will be the main resistance for new high. Tested as support on 23 Mar and 24 Jul. Tested as minor resistance on 26-27 Oct and 5 Nov.
Red dotted line: Historic resistance from July 2019 and Jan 2020. This line suggests if AAPL was growing on a normal trajectory (without a covid and stimulus extended market), AAPL could have tested this high by 2021.
Green lines: These two green lines test historic highs and historic lows and align perfectly with entry marking. I love seeing when a number a signs merge together!!
I will test the cycle until entry date now.
Entry: 112.50 around December 21. Based on cycle analysis, 41-45 days before earnings shows a dip buy opportunity for AAPL
Exit: AAPL peaks 15-17 days before Earnings. Low price target - 131 (half position sold) . High target - 140
Good luck traders!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.