AAPL is Heating Up! A Must-Watch Stock on Traders' Radar!
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🔥 Apple Inc. is showing strong momentum, breaking key resistance levels. Is a breakout coming? Here’s the breakdown!
📊 Technical Analysis for AAPL Trend Overview * Uptrend Structure: AAPL is trending upward within a rising channel. * Strong Bounce: The stock has rebounded from $230, pushing higher towards resistance. * Current Price: $237, near critical resistance at $240.
Key Levels to Watch * Support Levels: * $233.99 – Short-term pullback level. * $230.34 – Previous support, crucial for maintaining the trend. * $225.96 – Key demand zone. * Resistance Levels: * $240 – Major breakout level (Gamma resistance). * $245-$250 – Next bullish targets if the breakout sustains.
📈 Trade Setups
Bullish Scenario 🟢 * If AAPL breaks and holds above $240, it could squeeze towards $245-$250. * Entry: Above $240 with confirmation. * Target: $245 / $250 * Stop Loss: Below $230 (invalidates the trend).
Bearish Scenario 🔴 * If AAPL rejects at $240, expect a retracement to support zones. * Entry: Below $233 if selling pressure increases. * Target: $230 / $225 * Stop Loss: Above $240 (breakout invalidates the short setup).
🛠 GEX & Options Flow Insights * Highest Call Resistance at $240 → Breakout level for bulls. * 2nd Call Wall at $245 → Potential gamma squeeze target. * Put Support at $225 → Strong buying support if AAPL dips. * Current IV Rank: 29.9 (Moderate), with CALLS at 4.4% → Bullish sentiment building.
💡 Final Thoughts * AAPL is approaching a critical breakout level at $240. * A confirmed breakout could lead to a strong rally to $245-$250. * If rejected, watch for a pullback to $230 for a potential dip-buy opportunity.
🚨 This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly! 🚨
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.
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.