AAPL is showing a steady uptrend, respecting an ascending channel on the hourly timeframe. With volume building and technicals aligning, this could be a key moment for traders to plan their next move.
1️⃣ Price Action & Chart Analysis
* Trend Channel: AAPL is moving within a rising channel, bouncing off the lower trendline and heading toward the upper boundary.
* Key Levels:
* Immediate Resistance: $243
* Support: $240 and $238.90
Expect potential consolidation or a breakout if $243 is breached with volume.
2️⃣ Liquidity Zones & Order Blocks
* Liquidity Zone: $240–$243 is a critical zone where significant buying pressure has been observed.
* Order Block: The demand zone around $238.90 aligns with a previous accumulation area, making it a solid support level.
3️⃣ Scalping Strategy
For intraday scalpers:
* Entry: Look for a breakout above $243 with strong volume confirmation. Target $245 for a quick trade.
* Stop-Loss: Set a tight stop below $242 to limit downside risk.
* Alternative Play: Wait for a pullback near $240, entering long if support holds.
4️⃣ Swing Trade Strategy
For swing traders:
* Entry Option 1: Buy near the lower trendline at $240 if support confirms.
* Entry Option 2: Breakout above $243, aiming for $245–$250.
* Targets: Initial target at $245, extended target at $250.
* Stop-Loss: Below $238 for swing entries to ensure risk management.
5️⃣ Momentum & Indicators
* MACD on the hourly chart is bullish, showing momentum building as the price approaches resistance.
* Volume is gradually increasing, signaling interest from buyers.
Game Plan for Tomorrow
* Scenario 1: If AAPL breaks above $243, enter on confirmation with volume, targeting $245 and above.
* Scenario 2: If it fails to break $243, prepare for a retest of $240 or $238.90 for long opportunities.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your research and trade responsibly.
1️⃣ Price Action & Chart Analysis
* Trend Channel: AAPL is moving within a rising channel, bouncing off the lower trendline and heading toward the upper boundary.
* Key Levels:
* Immediate Resistance: $243
* Support: $240 and $238.90
Expect potential consolidation or a breakout if $243 is breached with volume.
2️⃣ Liquidity Zones & Order Blocks
* Liquidity Zone: $240–$243 is a critical zone where significant buying pressure has been observed.
* Order Block: The demand zone around $238.90 aligns with a previous accumulation area, making it a solid support level.
3️⃣ Scalping Strategy
For intraday scalpers:
* Entry: Look for a breakout above $243 with strong volume confirmation. Target $245 for a quick trade.
* Stop-Loss: Set a tight stop below $242 to limit downside risk.
* Alternative Play: Wait for a pullback near $240, entering long if support holds.
4️⃣ Swing Trade Strategy
For swing traders:
* Entry Option 1: Buy near the lower trendline at $240 if support confirms.
* Entry Option 2: Breakout above $243, aiming for $245–$250.
* Targets: Initial target at $245, extended target at $250.
* Stop-Loss: Below $238 for swing entries to ensure risk management.
5️⃣ Momentum & Indicators
* MACD on the hourly chart is bullish, showing momentum building as the price approaches resistance.
* Volume is gradually increasing, signaling interest from buyers.
Game Plan for Tomorrow
* Scenario 1: If AAPL breaks above $243, enter on confirmation with volume, targeting $245 and above.
* Scenario 2: If it fails to break $243, prepare for a retest of $240 or $238.90 for long opportunities.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your research and trade responsibly.
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.