Aapllong
$AAPL Up we go!
My 1 month price expectation.
1. Most optimistic expectation: 1 month tendency is bullish, if price respect the pattern, we expect 1 month price to be in the range of $148 - $151. Price will linger around the previous resistance line of $134 and $134 then continue to go up towards the $148 - $151 range.
2. Most probably expectation : Price stay between the 2 previous resistance line of $134 and $143 range until end of July 2021.
3. Most pessimistic expectation: Market correction happen, price fall back to previous support line of $127 - $118 range.
Apple offers an excellent risk reward ratioAAPL might be a hated stock currently.
Everybody is a yield rate expert nowadays and the narrative that all tech must crash, better today than tomorrow is told everywhere you listen.
However, if we look at it from a risk reward perspective, it offers an excellent entry currently.
Stops could be placed as tight as 115, with an upward potential of 155, making us a nice 7:1 dog on our bet...
I mean, come on, the bullish flag is even upwards.... :)
Breaks out of 130, then tendies!Hello traders and investors, let's talk apples. It rose an astonishing 6% in one day with after hours, which aapl has never done for 2 months. It is amazing seeing it drop so much and recover so quickly. With the breadth of AAPL, I believe that breakout is now. If it breaks above 130 and the wedge pattern, then a consolidation then TENDIES! TENDIES! TENDIES! Warning! i am not a financia adviser and take this with a grain of salt. Happy trading and investing! AAPL TO THE MOON!
AAPL leaning bullish stillStill leaning towards Apple making another push upwards. Despite dipping below the white support trend line, it keeps finding its way back above it to reclaim. Elliott count in yellow still valid for me as rules are still being obeyed.
Bullish scenario: above the white support line, looks bullish with potential to pop up nicely to the $140s +
-- slightly out of money call or call debit spread. I'm more for the slightly out of money because of my opinion how it can easily run to 141 then to 150
Bearish: if price falls back below white trend, I expect a test of $125; should 125 fail, I'll expect a test of $120 area again.
-- at the money put debit spread
Neutral scenario: If unable to get above $133.61, I'll expect price to move sideways between $134 and $125
-- potential strategy: if volatility remains low with options premium lower, look for double calendar spread, taking advantage of some nuetral price movement while looking for volatility to rise with earnings on horizon
Currently I am in a bull call debit spread a month and half out. I'm leaning towards another push up, still maintaining my first price target of $141-144 with potential to run to $150. The more consolidation or sideways movement between $134 and $125 I think gives it better odds to run to $150.