Apple scalping + forecast (2-19)
🔥 Market Overview (Apple - AAPL)
Trend: Apple is in a recovery phase after a significant correction, currently consolidating near resistance.
Key Levels:
Resistance: $244.74 (EMA 9), $247.00 (Local High)
Support: $242.30 (Supertrend Support), $237.04 (200 EMA)
Indicators:
EMA 9: $244.74 (Short-term trend indicator)
EMA 200: $237.04 (Strong support)
MACD: Bullish momentum but flattening.
RSI: 58.46, nearing overbought levels.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)
Buy near: $242-$243, targeting $247.
Sell near: $247-$248, targeting $243.
Stop-loss: Below $241.
🩸 2. Breakout Scalping (If $248 Breaks)
Buy above: $248, targeting $250-$252.
Stop-loss: Below $246.
🩸 3. Momentum Scalping (For Quick Trades)
Short near: $247-$248, targeting $243.
Buy near: $242-$243, targeting $247.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
AAPL needs to break $247-$248 to continue the bullish momentum.
A rejection at $247 could send the price back toward $242.
MACD momentum is slowing, signaling potential consolidation.
🔥 News & Market Context
Apple remains a leader in the market, with strong institutional backing.
Tech sector strength supports the current uptrend, but broader market conditions remain uncertain.
Earnings and macroeconomic data will be key drivers.
🔥 Decision:
🩸 Short-term: Range trade between $242-$247, favoring long positions near support.
🩸 Mid-term: Needs a breakout above $248 to confirm further upside.
🩸 Ideal Play: Scalp longs near $242, short rejections near $247-$248.
👑 Final Verdict:
AAPL is at a key resistance zone. A breakout could fuel further upside, while rejection may lead to a pullback.
🔥 LucanInvestor's Quote:
"The best trades happen at the extremes—react accordingly." 👑
Trend: Apple is in a recovery phase after a significant correction, currently consolidating near resistance.
Key Levels:
Resistance: $244.74 (EMA 9), $247.00 (Local High)
Support: $242.30 (Supertrend Support), $237.04 (200 EMA)
Indicators:
EMA 9: $244.74 (Short-term trend indicator)
EMA 200: $237.04 (Strong support)
MACD: Bullish momentum but flattening.
RSI: 58.46, nearing overbought levels.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)
Buy near: $242-$243, targeting $247.
Sell near: $247-$248, targeting $243.
Stop-loss: Below $241.
🩸 2. Breakout Scalping (If $248 Breaks)
Buy above: $248, targeting $250-$252.
Stop-loss: Below $246.
🩸 3. Momentum Scalping (For Quick Trades)
Short near: $247-$248, targeting $243.
Buy near: $242-$243, targeting $247.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
AAPL needs to break $247-$248 to continue the bullish momentum.
A rejection at $247 could send the price back toward $242.
MACD momentum is slowing, signaling potential consolidation.
🔥 News & Market Context
Apple remains a leader in the market, with strong institutional backing.
Tech sector strength supports the current uptrend, but broader market conditions remain uncertain.
Earnings and macroeconomic data will be key drivers.
🔥 Decision:
🩸 Short-term: Range trade between $242-$247, favoring long positions near support.
🩸 Mid-term: Needs a breakout above $248 to confirm further upside.
🩸 Ideal Play: Scalp longs near $242, short rejections near $247-$248.
👑 Final Verdict:
AAPL is at a key resistance zone. A breakout could fuel further upside, while rejection may lead to a pullback.
🔥 LucanInvestor's Quote:
"The best trades happen at the extremes—react accordingly." 👑
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.
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.