Here we go AGAIN!! Appl Analysis with entries
Im back!!!. If your a new or old trader/investor looking to purchase NASDAQ:AAPL then the following information will serve you well.
Currently NASDAQ:AAPL is trading at $119.58 at the time of this writing. Market volatility levels are HIGH due to the USD inflation being pumped up by the injection of the massive Stimulus Bill that was just signed into law recently. Making for an ideal trading environment for the savy investor which knows what to do. Now if you don't know what to do, let me help you a bit. Let's get straight to it!
You and I both know that NASDAQ:AAPL is fundamentally one the most stable companies if not the most stable company in the world with a cash holding of $195.57 billion dollars as last reported. As well as a remarkable financial statement & balance sheet showing nothing but future growth with out a doubt Even when it is under performing last years Q1 reports NASDAQ:AAPL numbers still do ALL the talking on their own. During times of slow downs like these in stocks due to the US dollars value increasing & stocks retreating to prior prices, it creates the perfect opportunity.
So what is this opportunity I speak of? & what does all this mean for a trader/investor like yourself?
It means, that these market environments are creating the perfect opportunity for a pull back entry that allows traders to purchase the most powerful company in the American stock exchange at a much lower price than it currently averages at. Which is why I chose to break down this stock today.
**Disclaimer**
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:AAPL
Fundamental Analysis = LONG (BUY)
Technical Analysis = SHORT-TERM SELLING (Pull back into our LONG positions)
Sentimental Analysis = Market is taking a breather due to USD valuation increasing.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced heavily down to the 61.8% fib level at $119.14. This area still makes for a great BUY trade. Markets are still showing downwards momentum as dollar keeps heading up. If momentum continues downward we can eventually see an amazing bargain price at the following fib level the 78.6% which is anywhere from $114-$112.09
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $135.00 (BUY)
38.2% = $129.00 (BUY)
50.0% = $124. 00 (Great trade opportunity) (BUY)
61.8% = $119.15 (What i consider the PERFECT IDEAL TRADE) (BUY) *Currently we are here*
78.6% = $112.10 (ABSOLUTE BARGAIN!!) (BUY)
Take profit 1: $125 Secure about 10-25% of profits in this zone
Take profit 2: $145.09 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a tech stock will most definitely return to break more records in the upcoming months when the continuation wave arrives. If not just stand back, take notes and analyze price action.
If you guys enjoyed this break down please drop a LIKE/COMMENT & make sure to hit that FOLLOW button. Cya'
Currently NASDAQ:AAPL is trading at $119.58 at the time of this writing. Market volatility levels are HIGH due to the USD inflation being pumped up by the injection of the massive Stimulus Bill that was just signed into law recently. Making for an ideal trading environment for the savy investor which knows what to do. Now if you don't know what to do, let me help you a bit. Let's get straight to it!
You and I both know that NASDAQ:AAPL is fundamentally one the most stable companies if not the most stable company in the world with a cash holding of $195.57 billion dollars as last reported. As well as a remarkable financial statement & balance sheet showing nothing but future growth with out a doubt Even when it is under performing last years Q1 reports NASDAQ:AAPL numbers still do ALL the talking on their own. During times of slow downs like these in stocks due to the US dollars value increasing & stocks retreating to prior prices, it creates the perfect opportunity.
So what is this opportunity I speak of? & what does all this mean for a trader/investor like yourself?
It means, that these market environments are creating the perfect opportunity for a pull back entry that allows traders to purchase the most powerful company in the American stock exchange at a much lower price than it currently averages at. Which is why I chose to break down this stock today.
**Disclaimer**
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:AAPL
Fundamental Analysis = LONG (BUY)
Technical Analysis = SHORT-TERM SELLING (Pull back into our LONG positions)
Sentimental Analysis = Market is taking a breather due to USD valuation increasing.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced heavily down to the 61.8% fib level at $119.14. This area still makes for a great BUY trade. Markets are still showing downwards momentum as dollar keeps heading up. If momentum continues downward we can eventually see an amazing bargain price at the following fib level the 78.6% which is anywhere from $114-$112.09
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $135.00 (BUY)
38.2% = $129.00 (BUY)
50.0% = $124. 00 (Great trade opportunity) (BUY)
61.8% = $119.15 (What i consider the PERFECT IDEAL TRADE) (BUY) *Currently we are here*
78.6% = $112.10 (ABSOLUTE BARGAIN!!) (BUY)
Take profit 1: $125 Secure about 10-25% of profits in this zone
Take profit 2: $145.09 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a tech stock will most definitely return to break more records in the upcoming months when the continuation wave arrives. If not just stand back, take notes and analyze price action.
If you guys enjoyed this break down please drop a LIKE/COMMENT & make sure to hit that FOLLOW button. Cya'
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.