Long

Falling Wedge- Bullish - Update

Updated

Posting a quick update on AAPL here as this falling wedge caught my eye. AAPL setting up nicely here holding a big falling wedge on the daily timeframe while also flagging on the weekly timeframe. AAPL closed on Friday reclaiming its 100-day EMA and seemingly looking to reclaim the 50-day as well. MACD golden cross along with some bullish hidden divergence on the RSI, Bollinger Bands are also starting to squeeze (Not Pictured). Additionally, AAPL has earnings coming up on May 3rd. AAPL is almost always a classic case of "buy the hype, sell the news". That being said, am expecting a run-up into earnings so will certainly be looking for a breakout from this falling wedge (Broader Market Conditions Permitting). Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous Charts Attached Below

- Falling wedge on the Daily timeframe
- Bollinger Bands Daily Weekly Timeframe (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD Golden Cross

PT1- $164.48
PT2- $165.55
PT3- $166.60
PT4- $167.30+

--Weekly Timeframe--
https://www.tradingview.com/i/GQQj40d8/

--Previously Charted--
https://www.tradingview.com/chart/AAPL/FQe0R3nO-AAPL-Earnings-Play-Update/
https://www.tradingview.com/i/hs2n8Azf
https://www.tradingview.com/i/Vw9h3uBQ

Trade active

Price Target 1 Reached ✅

Trade closed: target reached

All Price Targets Reached ✅

jacobosiason7

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