1-Day Chart (Daily Overview):
* Trend: AAPL is trading in a clear upward channel, breaking above resistance levels and nearing overbought territory.
* Price: Currently at $253.48.
* Support Levels:
* Short-term: $237.50 (daily support).
* Stronger base: $219.50.
* Resistance Levels:
* Immediate: $255.00 (channel resistance).
* Higher target: $260.00.
* Indicators:
* MACD: Bullish momentum but flattening; watch for cross-down signals.
* Volume: Rising volume supports the uptrend.
1-Hour Chart (Intraday Overview):
* Trend: AAPL is showing some consolidation after a strong rally.
* Price Action:
* Testing upper trend line resistance at $255.00.
* A pullback could test support at $251.00.
* EMA:
* 9 EMA and 21 EMA are bullish; price remains above both.
* Support:
* $251.00 – first line of defense.
* $245.80 – stronger intraday support.
* Resistance:
* Immediate: $255.00.
* Breakout target: $260.00.
* Volume: Increased sell volume at intraday highs; monitor for weakness.
GEX Analysis (Gamma Exposure):
* Key Levels:
* Highest GEX Wall: $255.00 (strong call resistance; sellers may take control here).
* 2nd Call Wall: $260.00 (bullish breakout potential).
* Gamma Support: $247.50 – strong downside buffer.
* PUT Support: $237.50 – bearish exposure increases below this level.
* Options Metrics:
* GEX%: 30.3% CALL dominance.
* IVR: 17.3, with an implied volatility average of 32.7.
* Key Takeaway: Elevated call walls suggest resistance near $255 and $260. If price rejects at these levels, watch for a retest of $250.
Trading Plan
Scalping Outlook:
* Bullish:
* Entry: Above $253.50.
* Target: $255.00.
* Stop-loss: $252.50.
* Bearish:
* Entry: Below $252.00.
* Target: $250.50.
* Stop-loss: $253.00.
Swing/Day Trade Outlook:
* Bullish:
* Entry: On breakout above $255.00.
* Target 1: $257.50.
* Target 2: $260.00.
* Stop-loss: $251.00.
* Bearish:
* Entry: Below $251.00.
* Target 1: $247.50.
* Target 2: $245.00.
* Stop-loss: $252.50.
Outlook Summary:
* Short-term: AAPL may test $255 as resistance before deciding direction.
* Directional Bias: Bullish as long as it holds above $251.
* Key to Watch:
* Breakout above $255 for continuation toward $260.
* Failure to hold $251 could signal profit-taking.
Options Suggestion:
* Calls: Consider $255 strike calls for this week if price sustains above $253.50.
* Puts: $250 strike puts if price breaks below $251.00.
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.
* Trend: AAPL is trading in a clear upward channel, breaking above resistance levels and nearing overbought territory.
* Price: Currently at $253.48.
* Support Levels:
* Short-term: $237.50 (daily support).
* Stronger base: $219.50.
* Resistance Levels:
* Immediate: $255.00 (channel resistance).
* Higher target: $260.00.
* Indicators:
* MACD: Bullish momentum but flattening; watch for cross-down signals.
* Volume: Rising volume supports the uptrend.
1-Hour Chart (Intraday Overview):
* Trend: AAPL is showing some consolidation after a strong rally.
* Price Action:
* Testing upper trend line resistance at $255.00.
* A pullback could test support at $251.00.
* EMA:
* 9 EMA and 21 EMA are bullish; price remains above both.
* Support:
* $251.00 – first line of defense.
* $245.80 – stronger intraday support.
* Resistance:
* Immediate: $255.00.
* Breakout target: $260.00.
* Volume: Increased sell volume at intraday highs; monitor for weakness.
GEX Analysis (Gamma Exposure):
* Key Levels:
* Highest GEX Wall: $255.00 (strong call resistance; sellers may take control here).
* 2nd Call Wall: $260.00 (bullish breakout potential).
* Gamma Support: $247.50 – strong downside buffer.
* PUT Support: $237.50 – bearish exposure increases below this level.
* Options Metrics:
* GEX%: 30.3% CALL dominance.
* IVR: 17.3, with an implied volatility average of 32.7.
* Key Takeaway: Elevated call walls suggest resistance near $255 and $260. If price rejects at these levels, watch for a retest of $250.
Trading Plan
Scalping Outlook:
* Bullish:
* Entry: Above $253.50.
* Target: $255.00.
* Stop-loss: $252.50.
* Bearish:
* Entry: Below $252.00.
* Target: $250.50.
* Stop-loss: $253.00.
Swing/Day Trade Outlook:
* Bullish:
* Entry: On breakout above $255.00.
* Target 1: $257.50.
* Target 2: $260.00.
* Stop-loss: $251.00.
* Bearish:
* Entry: Below $251.00.
* Target 1: $247.50.
* Target 2: $245.00.
* Stop-loss: $252.50.
Outlook Summary:
* Short-term: AAPL may test $255 as resistance before deciding direction.
* Directional Bias: Bullish as long as it holds above $251.
* Key to Watch:
* Breakout above $255 for continuation toward $260.
* Failure to hold $251 could signal profit-taking.
Options Suggestion:
* Calls: Consider $255 strike calls for this week if price sustains above $253.50.
* Puts: $250 strike puts if price breaks below $251.00.
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.
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.