Apple 2-17 (scalping + forecast)
🔥 Market Overview:
Trend: Apple (AAPL) is in a strong bullish uptrend, rebounding from recent lows and approaching resistance.
Key Levels:
Resistance: $246–$250 (potential breakout zone).
Support: $238–$240 (Supertrend support).
Indicators:
EMA 9: $241.81 (acting as dynamic support).
EMA 200: $235.79 (long-term bullish confirmation).
Supertrend: $238.62 (trend remains bullish).
MACD: Bullish crossover, confirming strong momentum.
RSI: 75.38 (overbought conditions, signaling potential short-term pullback).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $242–$243 if momentum sustains.
Target: $246–$250.
Stop-loss below: $238.
🩸 2. Breakout Scalping:
Long if price breaks above: $246, targeting $250+.
Short if price rejects $246, targeting $240.
🩸 3. Range Scalping:
Sell near: $246–$250 resistance.
Target: $240–$238.
Stop-loss: $251 if breakout occurs.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If AAPL breaks $246, a rally toward $250–$255 is likely.
A rejection at $246 could trigger a pullback to $238–$235.
RSI is overbought, indicating a possible retracement before continuation.
🔥 News & Market Context:
Product Cycle Strength: Apple remains strong on iPhone demand and AI integration.
Tech Sector Rally: Apple follows the broader tech rally but is near critical resistance.
Macroeconomic Factors: Any Fed policy shifts could impact tech momentum.
🔥 Decision:
🩸 Short-term: Look for a breakout above $246 or a rejection for shorting opportunities.
🩸 Mid-term: Bullish, but extended. A pullback would be healthy before continuation.
🩸 Ideal Play: Buy on dips near $242, or short if price struggles at $246.
👑 Final Verdict: Apple is in a strong uptrend but facing resistance at $246. Bulls need a breakout for continuation; otherwise, a pullback is likely.
🔥 LucanInvestor's Quote: "Momentum fuels the rally, but resistance tests conviction."
Trend: Apple (AAPL) is in a strong bullish uptrend, rebounding from recent lows and approaching resistance.
Key Levels:
Resistance: $246–$250 (potential breakout zone).
Support: $238–$240 (Supertrend support).
Indicators:
EMA 9: $241.81 (acting as dynamic support).
EMA 200: $235.79 (long-term bullish confirmation).
Supertrend: $238.62 (trend remains bullish).
MACD: Bullish crossover, confirming strong momentum.
RSI: 75.38 (overbought conditions, signaling potential short-term pullback).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $242–$243 if momentum sustains.
Target: $246–$250.
Stop-loss below: $238.
🩸 2. Breakout Scalping:
Long if price breaks above: $246, targeting $250+.
Short if price rejects $246, targeting $240.
🩸 3. Range Scalping:
Sell near: $246–$250 resistance.
Target: $240–$238.
Stop-loss: $251 if breakout occurs.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If AAPL breaks $246, a rally toward $250–$255 is likely.
A rejection at $246 could trigger a pullback to $238–$235.
RSI is overbought, indicating a possible retracement before continuation.
🔥 News & Market Context:
Product Cycle Strength: Apple remains strong on iPhone demand and AI integration.
Tech Sector Rally: Apple follows the broader tech rally but is near critical resistance.
Macroeconomic Factors: Any Fed policy shifts could impact tech momentum.
🔥 Decision:
🩸 Short-term: Look for a breakout above $246 or a rejection for shorting opportunities.
🩸 Mid-term: Bullish, but extended. A pullback would be healthy before continuation.
🩸 Ideal Play: Buy on dips near $242, or short if price struggles at $246.
👑 Final Verdict: Apple is in a strong uptrend but facing resistance at $246. Bulls need a breakout for continuation; otherwise, a pullback is likely.
🔥 LucanInvestor's Quote: "Momentum fuels the rally, but resistance tests conviction."
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.