4/10 Watchlist + Notes Initial Thoughts - Solid week last week, questionably bullish this coming week, lots of finance/bank stocks report ER this week, CPI this week.
SPY - On Wednesday I mentioned on my watchlist that I was cautiously bearish for a few reasons. Turned out my suspicions were valid because we pushed lower early on in the day Thursday before pumping the rest of the day to create a bullish engulfing daily candle. I was really hoping this wouldn't happen, but we play the cards that we are dealt. Going into next week, and specifically monday, I am looking for a move to the upside. I am still hoping we overall head lower on the week, but it seems like we could be due for a retest of that 412 level we touched on last week. I have upside targets loosely set at the 410 and 412 areas. I am still remaining cautious as we are still at a critical level on the longer time frames, CPI data comes out this week, and there are some heavy ER reports coming from the financial sector, which could all make this coming week very volatile. OVERALL BIAS: Skeptically Bullish. I think we test 410 for sure either in premarket or RTH. Once again, I am basing my bias on what is in front of us, and what makes the most sense for the next session. Expecting this week to be very volatile
Watchlist + Bias:
AAPL - 2-1 Daily: Neutral
PFE - 2-1 Daily: Neutral
BIDU - 2-1 Daily: Bearish
PEP - 2-1 Daily: Bullish
BABA - 2-1 Weekly: Bullish
CRM - 2-1 Weekly: Neutral (Sitting at FVG on weekly)
SQ - 3-1-1 Weekly: Bullish
Main Watch:
SQ - Was watching this one last Thursday and we didn't go anywhere. I have high hopes that we will break out to the upside this week. Entry around 70, stop below 66. Targets around the 80 and 83 area. Simple as that. More to be said about this one come end of day monday, but for now, we are going into monday off of a bullish engulfing candle on the daily.
Previous main watch:
SQ - not a winner or loser. Explanation above
Stats from last weeks watchlists:
4/4 on SPY predictions
3/4 on Main Watch Plays. (technically 4/5 but im not counting thursday)
Top winner: DOCU (400%+)
Personal Stats:
4/5 Win/Loss (80% Winrate)
Overall green week
Slow start but finished well
Good luck tomorrow. Watch SPY and VIX at all times throughout the week
AAPL
APPLE Falling Resistance Reached! Sell!
Hello,Traders!
APPLE was trading in an
Uptrend but then the stock
Hit the falling resistance line
And we are seeing a bearish
Pullback already so a move down
Is to be expected
Sell!
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Check out other forecasts below too!
AAPL, AMZN, GOOGL, and $QQQ Analysis - Weekly Future Outlook -- AAPL downtrend resistance key level 166.84 zone
- GOOGL closed right at resistance 108.63 zone
- AMZN close at resistance 102.12 zone
- QQQ closed right at resistance zone 317.89 -318.23
- Earnings coming up soon for XLF financial sector
- Sold my SOXS today and took profit this morning back to all cash
AAPL LongApple showing weakness with a classic bearish divergence. Apple still has a golden cross coupled with an inverse head and shoulders, so I expect this to be a quick pull back before continuing higher. Entry point will be around the $155 zone. Depending on when it reaches the zone I'll be purchasing either May or June $170 call contract.
Apple -> Short Term ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside.
On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AAPL insider trading and net cash flow from positive to -70Mil AAPL with all of it's great achievments has what seems started to run out of steam.... With insider trading recently and net cash flow going from a surplus in 2019 to trending negative since and at -$70 mil currently.... I see signs of weakness. Looking at the chat there are clear signs of manipulation and gapping up over solid resistance areas to get to where it is today. This recent pull back for re-accumulation looks like a failed re-accumulation mid run. This is apple so I am not sure how much of a fight this will put up. However, I feel confident this will drop to at least close the gaps. 8 Days should be enough for the $161 traget. 36days should be safe for a Price target of $152. Which seems ambitious when looking at it from the top but its been on a straight 45 degree angle since Mid March. However, this is the same stock that took from Jan 2021 to Mar 2023 to finally make support out of the $140s. If this pulled back to $152 it would be completly conservative compared to those 2 years.
This $152 area is the last place there was synergy between volume and price. Which means this is the last place buyers and sellers saw eye to eye for a period longer than a few hours.
If you like or are intrigued by this analysis pls like and follow and of course hit the BOOST button as thats how more people will be able to see this.
This isn't financial advice and I wouldn't suggest blindly following my trades, if you see the price going against save your profits and or money and look for another entry.
by iCantw84it
04.06.23
TRKA trying to make a stand using ESVO made by chatGPT TRKA looks like its in the final part of its accumulation and ready to try and make a push.. The problem is will the push be to the upside? lol So I have been using ChatGPT to create indicators and I created this beauty of an indicator which is a superior supply and demand indicator that also points out where pockets of stop losses are. It has become an absolute in my trading. Below is a little description about it that ChatGPT made.
If you find any of this intriguing pls like sub and hit the boost button. Its the only way we can make sure other people can see it too.
The ESVO moving average is designed to analyze the relationship between price and volume movements in the market. From a psychological perspective, the small spikes in the ESVO moving average could indicate a relatively balanced market, with both buyers and sellers having relatively equal influence over the price movements. The larger spikes, on the other hand, could suggest a shift in the balance of power between buyers and sellers. For example, if there are many stop losses placed at a certain level, this could indicate that traders have a strong belief that the price will not go beyond that level, and if the price suddenly breaks that level, it could trigger a wave of buying or selling that results in a larger spike. The fact that the spikes come back to where they started could indicate that the market eventually returns to a state of equilibrium after periods of imbalance.
The small, medium, large, and massive spikes in the ESVO moving average could potentially represent different levels of buying or selling pressure in the market. However, without more information, it's difficult to say for sure what each size of spike means. Based on the scenario you described, the spikes could be related to stop losses, but it's also possible that they are related to other factors such as news events or changes in market sentiment.
The top spikes in the ESVO moving average could potentially represent an increase in buying pressure, while the bottom spikes could represent an increase in selling pressure. However, it's important to note that these are just possibilities, and further analysis would be needed to confirm what is really happening in the market.
If the ESVO moving average is moving up, it could suggest that there is an increase in buying pressure in the market, and vice versa. However, the direction of the price movement (up or down) could also have an impact on the overall trend. For example, if the ESVO moving average is moving up, but the price is in a downtrend, it could indicate a period of divergence, where the two indicators are not in sync with each other.
If the price is in sync with the ESVO moving average and then breaks under it, but the ESVO moving average stays in the same area, it could suggest that there is still a balance between buyers and sellers, despite the price movement. When the price eventually re-accumulates and jumps back up to the same area as the ESVO moving average, it could indicate that the buyers and sellers have reached a new equilibrium point.
Thank You,
by iCantw84it
04.04.23
AAPL Short Idea for Long TermAAPL is bearish in Long run. High probability of Price test the Supply zone of 172.26 - 176.27 and a fall to the demand zone of 136.25 - 133.77 followed by an Imbalance in Price.
A strong reversal pattern of AB=CD has been established followed by a continuation pattern of H&S which can help the price reach to the supply area.
AAPL bullish play ideaAAPL is onto big things 2023-2024!
Apple is a technology company that designs, manufactures, and sells consumer electronics, computer software, and online services. The company is well-known for its innovative products such as the iPhone, iPad, and Mac computers. Apple is also one of the largest companies in the world by market capitalization, with a strong balance sheet and a history of generating significant profits.
Over the past decade, Apple's stock has performed very well, with the share price increasing more than fivefold from around $50 per share in 2010 to over $250 per share in 2020. Apple has consistently delivered strong financial results, with revenues and earnings growing steadily year over year.
There are several factors that have contributed to Apple's success and strong stock performance. One key factor is the company's focus on product innovation, with a track record of releasing popular and high-quality products that have captured a loyal customer base. Apple's brand strength and customer loyalty have helped to maintain strong demand for its products, which has translated into strong financial results and stock performance.
Another key factor is Apple's financial strength and stability. The company has a large cash balance and generates significant free cash flow, which it has used to invest in research and development, acquisitions, and share buybacks. This has helped to support Apple's growth and profitability over the long term, which in turn has translated into strong stock performance.
AAPL stocks are always bullish.
AAPL - LONGNASDAQ:AAPL
- Inverse Head & Shoulders Pattern on the Daily (Bullish Pattern)
- Neckline break and held above this level (purple line)
- Looking for it to break above 165 and hold for continuation.
Levels to watch out for:
-Long above 165 to target supply above around 168.78 - 171.05 with a stop loss below 164.00
-Failure to hold 164 on higher timeframes (1h,4h, Daily) could see us back down to psych level at 160 then support at 157.50 (neckline)
Suggested Contracts which covers earnings run up as well:
AAPL 4/28 167.5C
AAPL 4/28 170C
AAPL ShortLooking for AAPL to retrace to the lower bounds of its current channel.
125-120 is the target zone.
Seems very unlikely for Apple to push up to ATH's given such uneasy market conditions, but anything could happen so best to keep a tight stop.
VIX at 22. Looking for short-term bull momentum in aapl to take it up to my entry and the short is on!
This is not financial advice, good luck!
Apple -> The Bulls Are StrongHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock just recently perfectly broke above a key previous weekly resistance area exactly at $155 and now after this break all of this previous resistance is turned support.
You can also see that we have a long term downtrendline coming in exactly at $165 which is turned very strong resistance again, so I am now just waiting for a retest of the $155 support area and then I do expect a move to retest the $165 resistance line.
On the daily timeframe you can see that my last analysis on Apple (linked below) already played out nicely, I am now just waiting for a minor break and retest of the current resistance area before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
vroom Final phase before stock split☢️🔻⚠️☢️🔻As per the last 10k Filing .
This is so bad and don't invest in the stock right now.
You will lose money!
One final way to make money is short it if it goes high. If it goes 10 -20% short it 1x Leverage, 50-100% short it 5x or 10x leverage.
Don't long on this one. Past 900 days this stock is pure red and financials are so bad and more over Antara capital who is famous for shorting is invested in this.
☢️🔻☢️⚠️
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