In a sea of red there still some bulls standing Just talking walk down wall street AKA the HeatMap looking at a sea of red I notice a small pace of green as i zoomed in long behold it was QCOM as i started my top down analysis i seen it was breaking its down trend as i made my way to the daily chart i stumbled upon a Cup & Handle at the neckline looking ready to take off any moment with a measured move of 17 points if it fully play out so that's a very juicy target for trades to pass up !!!!
AAPL
It's finally time to go long on AAPLAAPL may be one of the best run companies in modern history. Incredible cash reserves, a loyal customer base that seems unphased by economical conditions, and now a celebrated vertically integrated personal computing offering make Apple a prime candidate for every long-term portfolio.
After years of COVID craziness and the following inflation shock, the markets have started the new year with new confidence. Predictable monetary policy, a recovered shipping industry, and reduced inflation are setting up a new long-term bullish cycle.
This paired with a good technical position -- a price below the 200MA and the long-term trendline for the first time since COVID made the markets crazy -- make this the perfect time to enter a big long position.
Any price under 140 is good, more active investors should be able to get in under 135.
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AAPL: Next KEY SUPPORT/RESISTANCE levels to watch from here. 👀• Everything is going as planned on AAPL, since our last study on it (link below this post);
• AAPL is heading to our target around the $137 - $138 area, which we set last week, and there’s no top sign on it yet;
• Even if AAPL corrects, in order for it to do a clear top sign would be important to lose the 38.2% retracement again, along with the 21 ema – this could frustrate the bullish thesis;
• However, as long as AAPL stays above these key points, the bullish bias will persist, and our first target is still the $137 - $138 area. There’s no technical reason to change it;
• There’s an Ascending Wedge in the 1h chart, and it seems AAPL wants to break it upwards, which would reinforce the bullish thesis;
• Today, it is at $135 pre-market. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
AAPL Potential for Bearish Continuation| 17th January 2023Looking at the H4 chart, my overall bias for AAPL is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 140.53, where the 61.8% Fibonacci line is. Stop loss will be at 149.96, where the previous high is. Take profit will be at 124.19, where the recent low is.
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AAPL (Apple) buying opportunityA NASDAQ:AAPL
As we can see there is price channel from March 2021 until now and the price is now on the bottom of channel.
In MACD indicator the MACD line is upper than signal line (It can be a buy signal) and the current value of RSI is 39.43 (not completely oversold but almost oversold) and these confirm the buy signal.
Target: There is resistance line (red line) from Jan. 2022 until now with 3 hitting points and that can be the Target.
Stop loss: The bottom line of Channel
Entry point: 134.7
Target: 171.5
Stop loss: 124.5
R/R: 3.6
To pick 2023’s winners, look to 2022’s losersPlease pay attention to this issue
That’s because such stocks typically bounce back in a big way. But it will take courage to even consider buying them: The 10% of stocks within the S&P 1500 with the worst 2022 performance lost an average of 62.6%–more than three times the 19.1% loss for the index itself.
It can seem counterintuitive that a given year’s worst performers often become the subsequent year’s winners. But it makes sense, according to contrarians: Investors tend to overreact, propelling losing stocks to lose even more than is justified by their fundamentals. This sets up the preconditions for a significant rebound.
There is a non-contrarian reason as well: tax-loss selling at the end of the calendar year will be concentrated in stocks that have already lost the most, since they will be the ones whose sales allow taxpayers to shelter the greatest amount of capital gains and thereby avoid tax. That causes such stocks to be depressed even more than they would be any way. Once the artificial selling pressure created by tax-loss selling abates, these stocks typically rebound.
A classic illustration of this rebound effect was the terrible performance of oil and gas stocks in 2020 and their stunning bounce back in 2021. The Energy Select Sector SPDR lagged behind the S&P 500 by 49 percentage points in 2020, and then beat the benchmark by 26 percentage points in 2021.
Another recent example traces to the stocks that make up with so-called “Dogs of the Dow,” which is a portfolio that, at the beginning of each calendar year, invests in the 10 stocks from the Dow 30 with the highest dividend yields. These 10 typically are among the prior year’s worst performers.
Though the Dow Dogs don’t always beat the market, on average over the long term they have done so. 2022 was one such year. Take the 10 highest-yielding Dow stocks at the beginning of last year. In the prior calendar year—2021—these 10 as a group lagged behind the Dow Jones Industrial Average by 6.4 percentage points. In 2022, in contrast, they on average beat the DJIA by 10.9 percentage points.
Avoiding value traps
It’s important to stress that not all big losers from a given year beat the market in the subsequent year, however. Sometimes there will be good reasons why a given year’s worst performers will have lost as much as they did—and are therefore likely to continuing losing in subsequent years as well. If you buy such stocks you run the risk falling into what’s known as a “value trap.”
$SPX Harmonic: Potential M Bat FormingPoints X, A, B are confirmed. With completion of C + D, this would play out as a multi-year M-shaped bat, marking the end of the bull market at point C for a near double-top, followed by the end of the bear market at point D (~2,491.86) for a favorable double-bottom near the pandemic low.
Point C: Go short
Point D: Go long
SPY - basic strategy review for big profits Some of the top strategies I use. But I finally narrowed it down to using only specific one extremely profitable setup that I am currently running sea trials on. More on that below.
"Support and Resistance Bounce"
This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can be used to identify these levels by looking for instances where the price has bounced off the average in the past in confluence with the S/L level
- Use Fibonacci retracements or trend lines to identify key levels of support and resistance
- Look for divergence between the price and an oscillator, such as the Relative Strength Index (RSI) which could indicate a reversal.
“Breakout through Support or Resistance"
This strategy involves buying or selling when the price breaks through a level of support or resistance
- Look for a high volume of trades at the point of breakout
- Looking for a bullish or bearish candlestick pattern at the point of breakout
"Moving Average Crossover"
This strategy involves buying when the 21 moving average crosses above a longer-term moving average, and selling when it crosses below. This can be used to identify changes in the trend.
- Look for a bullish or bearish crossover of the moving average convergence divergence (MACD) indicator
- Look for a bullish or bearish candlestick pattern at the point of crossover as confluence. Candles are a language. Become fluent in candle psychology and you will learn how to win.
"Trend Following with Moving Average"
This strategy involves buying when the price is above the 21 moving average and selling when it is below. Larger gap equals more momentum. This can be used to identify the overall trend of the market.
- Look for bullish or bearish divergence between the price and an oscillator, such as the RSI
- Look for a bullish or bearish candle pattern at the point of entry either above or below moving average. Pin bars are my favorite! Pin up off of moving average when above calls. Pin down when below puts.
"Support and Resistance Reversal"
This strategy involves buying when the price reaches a level of resistance and then subsequently breaks through it, or selling when the price reaches a level of support and then subsequently falls through it. This can be used to identify potential reversal points in the market.
- Looking for a high volume of trades at the point of reversal
- Looking for bullish or bearish candle pattern at the point of reversal
- Use the Relative Strength Index (RSI) to confirm the overbought or oversold conditions
- Watching for other indicators for example Bollinger Bands to constrict showing consolidation before reversal.
Or my favorite strategy of all is this: No indicators. Gap fills off of key levels. Just price action alone. Area of value with close stops equals low risk trades with high profit potential.
Trade safe! Have fun! Like, share and follow for more!!!
Apple Analysis 11.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
$128.50 Temp Bottom on AAPL going into CPI?Once AAPL broke $128.65 last Friday, I've been patiently waiting on a retest. Today at 10:45 we retested, dipped below level and reclaimed it and then retest it again at 12 and has a strong upside move. With this context, the rejection wicks on the 1h candles and the fact that we've broken out of this channel that apple has had for a few weeks, I am anticipating $128.50 to be an excellent long level to lead us to 134+ later this week. Stay tuned and please follow to show support! Thank you.
AAPL at KEY support - Break down would be badI've been watching AAPL for quite some time and there was a nice wedge that has played out so far. What I can say is that from the high in Januaru 2022 to the low in June 2022 and the retrace up into August 2022 has created a bottom at 124.33 as seen on the chart. Notice that we bounced from there almost exactly (within like $1).
Also, the initial decline & bounce from Jan > Early Mar > Late Mar also created a bottom between 127 and 130. We found that June bottom there and it will continue to provide algo support (demand) down here as well.
IF WE BREAK 124 - or honestly, if we even revisit it, we'll likely head to 114 as the next level. The wedge breakdown target is at 114.38 and mix that with the larger 123.6 (from the pivots pointed out in the first paragraph) at 114.50.
In an extreme bearish move, the final targets would be between $95 and $100 - I know, that seems hard to believe, that's why I said extreme.
Watch this pullback for clues on where the market will go. MAJOR resistance is going to be at $132
Is $130 the $AAPL bottom? 1/10 Trade Idea15m chart below and we broke above $130 at market open but we wiped all the gains and ended right at this key psychological level and 50 SMA in anticipation for Powell tomorrow and CPI Thursday. If we hold $130, I’m expecting a violent move up. Otherwise, since we have reclaimed this $130 level and closed at the lows, I’m expecting more downside kicked off by buyers who bought above $130 forced out of positions.
AAPL: Bullish REVERSAL ahead? KEY POINTS to watch this week! 🤓• AAPL is reacting above a key support level;
• In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL;
• The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138;
• In the daily chart, there’s no clear bullish reversal structure on AAPL yet, but we can use Fibonacci to set the next key resistance levels;
• The 50% retracement is around $137, which is quite close to the Hammer’s target in the weekly chart. Therefore the area around $137 - $138 is a key dual-resistance area;
• To not frustrate this thesis, it is important for AAPL to remain above the $128. If it loses it again, it might be problematic. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
Apple has some work to doLooking at $AAPL it is going to have to prove that it can hold this support above 125. Looks like we filled the imbalance completely and loss support. Can they hold above 130? Well if not look for it to retest 125 again!?! But this time it might be enough to have it fall to new lows. The rejection of the EMA coincides with this theory.
Bullish Case 128 is a key level to have higher lows show up on lower timeframes. I this the rejection is the rest of the order waiting to fill between 127 and 128. Look for the bounces here.
Bearish Case 130 psychological level has proven sell orders waiting there. 128 won't hold as this is the top of a range. This is something to play back down to 125.
AAPL not finished yetHey traders
Look at the chart, we had 178 and 128 oscillations for this season
after some touches, I guess bears can break it down to other lower at 100 $
I know, it will take some time, 115 can reduce the speed, but for mid tern scenario, that's the target, 100$
what u think ? share your thoughts and leave a comment
Potential Cup and Handle Forming on AAPLLooking at the 15 & 5 min chart for the weekly, I can see a potential break out of the handle. I drew a small trend line and buyers have remained over it for the last 30 minutes.
I am not the greatest charter, but this looks bullish to me, maybe moving into tomorrow or early next week. What do you all think?
TRADE PLAN 01/05/2023TP1> If we manage to Trade/Bid above MAIN POC 3863,
we can go for 3880 > 3913 > 3924 > 3943 > 3965 > 3979 > 3995.
>To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 12 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle.
TP2> If we manage to Trade below MAIN POC 3863,
we can visit 3841 > 3824 > 3800 > 3787 > 3766 > 3728.
>To the downside, the level I'm looking is 3824, as we are already trading below 3960 12 days POC, so once we confirm below 3824, we have to break lower to find strong sellers to push below 3800, where BEARS are losing the battle.
* We are trading in this 100 points RANGE from 3800 to 3900 levels for the last 12 days or about 2 weeks,
I would say that the market structure are balanced, looking for stronger BUYERS or SELLERS around the VALUE AREAS.
For now no direction in the markets, just range trades, we should break anytime soon out of this BOX, and I was hoping that today with FOMC minutes we could go search some new levels, out of balance, but...
Mr Market had other plans, so for now lets trade the levels and see how it goes by Friday NFP.
#tradesafe #sizekills