Aapllong
BUY $APPL - PT1 125, PT2 130, SL 117 AAPL has been trading in an ascending parallel channel for a while now, if we ignore the SPLIT price spike. The current price is near the bottom of this channel, and the long term future of AAPL seems pretty good, short term seems volatile with further anti trust suits . There's a good chance the price continues sideways, for a few days before heading upwards.
AAPL (smaller time frame)Please see AAPL chart posted before this one from few days ago*
Still holding small long position. Things I'm watching to adjust / add to my position:
1. Risky: potential small short scalp trade (I entered buy Jan 15 120 put / sold 117.50 put) for cost of $84; stop loss if break high of day of $124.57)
2. Price is consolidating just below the high of 124.57; if goes below $123.41, will watch to see if potential opportunity to add to bullish longs (and exit of small scalp trade above if able to generate a few bucks profit)
3. If below $122, will watch for support line in white to hold. My key low to invalidate adding to any more bullish longs is if price goes below $121.99.
This is just a small, maybe one or two day hold trade regarding my scalp.
Again, this is just a potential smaller time frame chart to watch. If, going off previous apple chart post, price stays above the TriW C wave of $121.99, I will lean bullish still and look to add another small bullish long if I can get in below $123.41, watching for break above $125 to maintain my longs.
$AAPL Bullish Consolidation ($TSLA Comparison) Push to New ATH?$AAPL looks ready to re-test ATH. Clear consolidation and looking just like $TSLA two weeks ago before its breakout to new ATH. Volume has tapered off as well.
Taking a starter position on 11/30. Adding size on the break of $118 with notable volume.
Apple (AAPL): A Strong Buy OpportunityIn this analysis, I will be taking a purely technical approach to Apple (AAPL), and why this might be a good buy opportunity.
Analysis
- To begin with, we can see that the stock is moving in an overall uptrend
- It has completed a textbook Elliott Impulse Wave (12345) count, and has been consolidating in a bullish pennant structure
- Within the triangle, we can count Elliott Triangle Waves (ABCDE), with the final wave having completed
- The Relative Strength Index (RSI) has been flushed out from overbought levels
- The Stochastic Oscillator shows a golden cross, with potential for a breakout to take place very soon
- Prices have bounced on the 100 Simple Moving Average (SMA), and is trading above the 20 SMA as well
- Based on the Fibonacci retracement, prices are trading above the 0.382 support.
- If we can see a breakout and close above the 0.786 fib resistance at $130, we could potentially create a new all time high level
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AAPL EOY price prediction based on MV, CMF, and wedge analysis. I'm predicting a bullish price action of AAPL based on the following indicators:
1. 10 SMA > 20 EMA
2. Chaikin Money Flow in an uptrend and just turned +ve. Continuation of this is essential.
3. Breakout of triangle wedge, followed by backtest, and then a clean bounce.
AAPL Bullish Trade Setup (Leaps /Bullish Vertical)AAPL current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 105 setting up for a medium term wave (5) rally that could last for months. Notice the slight lagging indication compared to the S&P but this is a very healthy consolidation pattern ready for a breakout. Check Video Update for exact trade execution details.