$AAPL: Top or Not?Is this a top or just a sideways correction to pattern out excessive price gains that are above current fundamentals?
This is the big question when studying stocks right now.
NASDAQ:AAPL is definitely not a sideways trend right at the moment, but is it a downside run after a top? What is missing? There are 2 lower highs BUT just ONE lower low.
To confirm a Top, you need the second lower low. AAPL doesn't have 2 lower lows at this time. The recent low is slightly higher than the previous first low.
So selling short has high risk for AAPL at this time. Resistance for swing trades is at the red lines, which are the highs of each minor gap down.
Aaplshort
AAPL Rounding Top - Monthly - BEARISH?AAPL forming a ROUNDING TOP on the MONTHLY chart? Could be a macro bearish reversal for this giant before it grows again?
Or will it simply fall to the 150 range and continue bouncing upwards on that yellow trendline?
I am BEARISH in the short to mid-term. The whole market will turn over giving the global macro conditions as well as piling national economic conditions.
AAPL has broken down below it's bullish trendline after an amazing 2023 run. It has bad sentiment right now and has also formed a DIAMOND REVERSAL PATTERN on it's DAILY / WEEKLY.
I think the whole market is in for a downtrend as we head into Q3 / Q4, and the downtrend begins with A for AAPL. It's what props the market up and it will be what drags it down as well
Let me know your thoughts
Apple Moving Lower for LongerAPPL (1D) - Quick Analysis
Price Chart
Apple's price action has filled it's August gap (White Dotted) and turned lower pushing past the 12, 26, and 50-day EMA's in one swoop. Both RSI and OBV have created trend lines (Yellow Solid) that the indicators look to be respecting with failed retest; as RSI is on the verge of pushing below the 50 level.
What Seems Legit?
This bad boy finally cooling off. It's up 60% YTD. First retest it's 200-day EMA then retest it's major trend line and some good chaos in-between.
Check us out on Twitter for charts not posted here, memes, and news that that doesn't make the news
Chart Key
Yellow Solid = Trend Line
White Dotted = Gap Fill
Green Boxes = Supports / Target Areas
Short Trade in AAPLApple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching higher since January.
But that ride is over. The stock fell 10% in a week and still failed to attract buyers. It finally broke down last week before reversing higher.
But that rally failed. And AAPL is again breaking through short-term support.
Traders may consider selling short AAPL stock here in a bet that it will go lower still. This is a very low-risk trade since you could place a buy stop at $182 and risk less than 3% on the trade.
Given the high price of the stock, it may be easier to simply buy a put option, like the AAPL $175 put that expires on October 20.
AAPL is toast - full analysis short tradeOur job as traders is not to predict. It is not to guess. Our job is to INTERPRET the market action.
Apple, at least in my opinion, is showing very obvious signs that the party is over and institutions are dumping the stock.
Here is my quick 10-minute analysis of why AAPL is a short here, along with a simple option trade and how you can spot similar setups in the future.
AAPL Apple Options Ahead of EarningsIf you haven`t bought AAPL here:
or shorted its exposure to China:
Then entered the Technical rebound:
Now analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the $192.50 strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $6.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Ninja Talks EP 18: The FOMO ParadoxThe FOMO Paradox: Fearlessly Embrace the Joy of Missing Out
In the vast realm of trading, where fortunes are made and lost, one peculiar phenomenon reigns supreme: FOMO, the Fear of Missing Out. It is a force that tempts even the most seasoned traders, whispering in their ears with alluring promises of quick gains and overnight success. But in this whimsical journey through the tradingverse, we shall embark on an intellectual escapade to unravel the paradoxical nature of FOMO, armed with humor, wisdom, and the power of restraint.
1. The FOMO Symphony: An Ode to Irrationality
Imagine, dear reader, a symphony hall filled with traders, each playing their instruments of irrationality. The violins of impulsive buying, the trumpets of chasing trends, and the drums of unchecked greed. Amidst this cacophony, the conductor whispers, "Fear not the fear of missing out, for it is but a deceptive melody, luring you into a dance of folly."
2. The 'Emo' of FOMO: Trading with Feelings
Ah, the emotional rollercoaster of FOMO, where rationality takes a backseat and the heart commands the trades. It's like being on a blind date with the market, where you're desperate for a connection, but all you end up with is a hefty loss and a broken heart. Remember, dear trader, emotions make for terrible trading partners. As Warren Buffett wisely said, "The stock market is a device for transferring money from the impatient to the patient."
3. FOMO and the Illusion of Predictability
In the enchanted land of trading, FOMO whispers sweet tales of predictable trends, promising riches to those who dare not miss out. But as the legendary trader Jesse Livermore declared, "The market is designed to fool most of the people most of the time." So, when FOMO comes knocking at your door, be ready to greet it with skepticism and a firm understanding that market movements are as predictable as a cat chasing its own tail.
4. The Wisdom of the Watchful Owl
Picture yourself as an owl perched high atop the trading tree, observing the market with unwavering focus. You know that succumbing to FOMO means flying blindly into the night, destined to collide with unforeseen risks. Instead, let patience be your wings, and knowledge be your guiding light. Remember the ancient proverb, "A wise trader is one who embraces the joy of missing out, for it is the gateway to disciplined decision-making."
5. The 'FauxMO' Rebellion: Making Fear Funny
Let us unleash our inner court jesters and laugh in the face of FOMO! Embrace the power of satire and humor to disarm the seductive allure of quick profits. Create your own FauxMO index, where the most overhyped assets are mockingly celebrated. Treat it as a reminder that while FOMO may be real, it's better to join the circus of laughter than the parade of losses.
As we bid adieu to the whimsical tradingverse, let us etch these words into our trading strategy: "Fearlessly embrace the joy of missing out, for it is in patience and restraint that true market mastery resides." Remember, dear trader, the market rewards those who approach it with intellect, discipline, and a hearty dose of humor. So, resist the siren call of FOMO and embark on your trading journey with confidence and a twinkle in your eye. Happy trading, and may the FOMO be with you... or rather, may it be far, far away!
Get Ready to Experience the Power of Apple's iPhone 15!Are you ready to witness the next big thing in smartphones? Brace yourselves, as Apple's upcoming iPhone 15 will take the tech industry by storm! With its groundbreaking features and cutting-edge technology, the iPhone 15 puts the company in a massive position of strength.
The rumors are already spreading like wildfire, and it's no surprise that Apple fans worldwide are eagerly waiting for the launch of this revolutionary device. From the sleek design to the advanced camera system, the iPhone 15 promises to be a smartphone game-changer.
As an Apple enthusiast, I cannot wait to get my hands on this incredible device. And I strongly encourage you to consider investing in Apple, as the iPhone 15 will be a massive success. With Apple's reputation for delivering innovative and high-quality products, there's no doubt that the iPhone 15 will exceed all expectations.
So, get ready to experience the power of Apple's iPhone 15 and join me in investing in this incredible company. Let's be a part of the revolution and witness the future of technology.
Thank you for your time, and I look forward to your thoughts.
Get your 'headset' around Apple's key reversal dayWhat costs $3500 and leaves the user vulnerable to being pranked from ‘friends’ whilst wearing it? Yes, Apple’s augmented reality headset, which comes in ~3x more than one made by Meta. You can read up on all its features and Apple’s latest announcements elsewhere. As what we’re focussing on today is that Apple’s stock closed lower on the day it unveiled its latest anti-social device. And the fact it occurred after a false break to a fresh record high should also serve as a ‘reality’ check to bulls. At least over the near term.
Sure, the daily chart is clearly in an uptrend. But it has hit a stumbling block at its previous record highs set in 2022. Moreover, RSI has reached overbought and the day closed with a key reversal bar – which is a bearish outside / engulfing candle on high volume, which suggests all is not well at these highs. Furthermore, the OBV indicator (on balance volume) has failed to break above its own cycle high despite prices continuing north which suggests potential weakness to the underlying trend.
From here, bears could either seek to fade into minor rallies within the key reversal day, and set an initial downside target around 157.77 gap support. A break beneath which brings the 170 handle / 172.15 HVN (high volume node) into focus for bears.
Apple -> Short Term TopHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently approaching a quite massive previous weekly resistance area at the $175 level which is now turned strong resistance once again.
You can also see that over the past couple of weeks, Apple stock had a rally of about 35% towards the upside without any noticable correction, so I am now just waiting for a short term rejection away from the resistance area and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Apple stock is still creating bullish market structure and moving averages are also massively bullish, so I am now just waiting for some consolidation and bearish pressure before I then do expect a short term dump away from the resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bullish Cypher C leg Short on Apple Target near $100Looking at the 3month chart of Apple. I see $180 max target followed by a massive C leg short of the bullish cypher pattern. The Apex of the triangle is around $140.00, This also likely signals the USA Economy True Recession (Reset), Dare I say Peak IPHONES... The D leg bounce of the bullish cypher (near 100) back to the B leg or the Apex near 140, if it rejects we fall to $56.00.
This is just a forecast, feel free to challenge me on this. Post a Chart, don't tell me what you're thinking.
is trading view technical analysis reliable ?well hi again , although i usually don't trade any other markets than crypto , but ;
at this moment , if u go into stock screener tab and look at #AAPL , u will find it's technical analysis to be "^BUY " but i dont think so ,
as it apears to me i see a head and shoulder pattern forming here , and i now predict a ITH at 169.70 point were then i think we will go down to that huge GAP down there .
but as i said im not an expert over here , but technical analysis is technical analysis , and this my friend does not look like an uptrend .
but we shall see which one is right then , me or tradingview ?
Apple Inc.'s Stock Breakout and Future PossibilitiesApple Inc. (AAPL) has been a major player in the technology industry for decades. With its innovative products and constant growth, it has consistently attracted investors looking to gain from its success. In this update, I'll dive into the recent breakout of Apple's stock from its previous channel, the potential for further growth, and the need for caution in the face of overbought indicators.
The Inverted Head and Shoulders Breakout
In a previous update, I discussed the possibility of Apple's stock breaking out of the channel it had been trapped in for over a year. The inverted head and shoulders pattern that emerged broke out at $156, initially targeting $168 with a stretch target of $172 to $179. Against many expectations, AAPL has continued its upward trajectory, reaching a high of $174, marking a considerable increase from its bottom of $124 in June of the previous year.
Wave Structure and Potential Targets
From a wave structure perspective, it appears that we are currently witnessing the completion of a larger corrective move. However, identifying a clear 5-wave impulse from the lows proves challenging due to the corrective chop that occurred right in the middle of the inverted head and shoulders pattern. A possible target, based on this analysis, is $177, which is already within close range.
Caution Advised in the Face of Overbought Indicators
While the recent performance of AAPL has been nothing short of impressive, it is essential to exercise caution as numerous indicators on higher timeframes are pointing towards overbought conditions. Apple's stock has skyrocketed since hitting its bottom last June, which could be a cause for concern.
As we move into the next week, it is advisable to remain cautious, as there is a possibility of a more significant pullback in equities in the coming weeks. Investors should closely monitor market conditions, technical indicators, and any new developments that may affect Apple's stock performance.
AAPL Apple Options Ahead Of EarningsIf you haven`t bought AAPL here:
Then analyzing the options chain of AAPL Apple prior to the earnings report this week,
I would consider purchasing the $167.5 strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AAPL On 4H Bearish Divergence with Rising WedgeAAPL is forming rising wedge with Bearish divergence and most likely to reverse the trend from Bullish to Bearish. We have to wait and observe the market first before taking any trade. Once it breaks down last "High Low" mentioned on the chart, we'll take our entry.
Trade Plan is mentioned on the chart.
AAPL last leg of correction - DownAAPL -Elliott Waves Analysis
We are in a double flat complex correction WXY. with Wave (C) of primary Wave Y still to unfold. If this is correct Wave (C) of Y will unfold in an impulse wave down (5 minor waves down)
Fibonacci:
Waves W = Wave y = 122
What do you think?
Legal Disclaimer: The information presented in this analysis is solely for informational purposes and does not serve as financial advice.