Apple - Will next earnings reinforce the selling pressure?After the 242% run-up from its lows during the 2020 crash to its high in January 2022, Apple gave up almost 20% in regard to the current value. In addition to that, the introduction of the new iPhone 14 has not created much hype among consumers and market participants. Since the release of the new product, the price has continued to be choppy and seemingly returning to its 2022 lows.
Because of that, we will continue to monitor the Apple stock in the coming weeks and provide a more detailed update on the price and its potential future direction. However, at the moment, we abstain from setting a price target for this stock title.
Illustration 1.01
Illustration 1.01 displays the daily chart of Apple stock and two moving averages, 20-day SMA and 50-day SMA. In addition to that, two yellow arrows point to natural retracements toward the price's moving averages, acting as a correction of the downward move. If the price fails to break above the 20-day SMA and then subsequently above the 50-day SMA, then it will add to a bearish consensus.
Illustration 1.02
The picture above shows the weekly chart of Apple stock and two simple moving averages; now, 20-week SMA and 50-week SMA. The yellow arrow pinpoints the similar retracement toward (and even above) these SMAs; in this particular example, the retracement represents a strong correction of the downtrend.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Aaplshort
2X $AAPL MEETS TREND LINE, TP 2 HIT 10%$AAPL has been on a run since JUNE '22, but it was time for a reversal to set in after rejecting the trendline in this bearish market we had to catch this move to the downside! TP2 HIT! Almost 12% Move with $19.35 price change. We are playing the pullbacks and moved down to @ TP3!
Apple (AAPL) - Taking a bite out of its Market CapGood Day. We've seen recently in the markets, an over-exuberant reaction to the possibility of the Fed inexplicably changing course, in the face of generationally-high levels of inflation, that threatens to become endemic, and create longer-term problems for the US (and other global) economy.
Mr Market may have realised they could have got their bets 'slightly wrong'.
And these past few weeks, we've been tracking Apple - taking profits, and exiting completely in anticipation of THIS move.
Forget cognitive bias and your emotions - sometimes you can be bearish on the broader market, and yet still bullish on the stock. If that's the case, depending on the weakness of the broader market, it may be time to sell, take profits and wait for the next opportunity to scale in.
Let me know what you see in the charts above.
Order Flow, Liquidity, Market Structure = all the confluences we use and need to know, when trading.
Check our profile if you're interested - we look to post regularly here, and we're also posting frequently on our other platforms. Cheers.
Best,
Figuring Out Finance
2X $AAPL TP1 HIT, 4HR Tech. Analysis!$AAPL has been on a run since JUNE '22, but it was time for a reversal to set in after rjecting the trendline in this bearish market we had to catch this move to the downside! Almost 5% Move with $8.40 price change. We are playing the pullbacks and moved down to fill the Gap @ TP2!
AAPL TO $116....SELL (33%)THIS SOUNDS CRAZY THO!!!
looking at AAPL chart, you could clearly see an overbought price for AAPL stock....this week's candle reject from the previous highs and also since AAPL contributes to the highest percentage in US500....a decline is positively correlated as such!!!
Also, Due to the increasing strength of the USd as a result of the increase yield....still looking on to the short of stocks.
NB: Red box: rejection zone
Blue Box: breakout zone
A clear breakout of my breakout zone clearly breaking my EMA's shows an active response!!!
$AAPL losing steam?$AAPL surge up since the start of summer along with the overall market. pending news about the new iphone 14 but the productions shortage and units makes it uncertain due to supply chain issues and inflation. overall big institution likes this stocks and its cash. but keep in mind that the stock has been up for couple months now with now massive pull back. so bears has been watching AAPL and waiting for opportunity.
here's my price range for AAPL
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For calls; buy above $174.90 and sell at 176.15 or above
For puts, buy below 173.60 and sell at 172.60 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
$AAPL entering squeeze$AAPL bout to enter the squeeze momentum in 1hr chart as the sellers slowly weaken. no majors news lately besides the previous earnings. highly anticipated earnings are over, so market might react in economic data for this week.
here my price target for AAPL for monday 08/08/22.
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For calls; buy above $166.25 and sell at 167.00 or above
For puts, buy below 164.55 and sell at 163.33 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
Powerful Breakout At AAPL With 80% Chance Of The Market Going UpT.R.S (Triangle Of Resistance And Support)
1- As you can see the market tried to break
The Resistance line at 4 different Points,
and On the 5th black point he break the R line succefuly .
2- For the Support Line, we have 4 important Points
which they played the role of a solid support Points.
Powerful Breakout At AAPL With 80% Chance Of The Market Going UpT.R.S (Triangle Of Resistance And Support)
1- As you can see the market tried to break
The Resistance line at 4 different Points,
and On the 4th point he break the R line succefuly .
2- For the Support Line, we have 4 important Points
which they played the role of a solid support Points.
AAPL SELL +++How can AAPL guide higher? I say they cannot with a strong dollar, slowing hiring, slower spending means slower growth. AAPL should see $121-126 next pitstop and long term (months to years) under $80 as low as $65. I am incredulous all the people calling for a bottom, we are no where near a bottom!! We haven't seen the implications of a recession/ depression yet. Millions of layoffs, business closing, foreclosures, repossessions, defaults then and only then can we discuss a bottom. There will be many bear market rallies which I also will be posting when I see a long as I did in AAPl at $129-130 I first predicted $141-143 then raise that level to $151 when technical were updated. No one can call a top and last monday my puts were up 50% plus and Tuesday that disappeared. I added Thursday and Friday as my view has not changed.
AAPL SELL over $151AAPL is overbought here and I have been watching for an entry point over $140+ $151 looks to be a short term top where I will be looking to start a position and add every $2 in share price increase. We had a bear market rally last week where bad news is good news and all stocks were lifted higher. The VIX is oversold I would expect it to bounce along with AAPL and others to reverse lower. IF anyone started a short position sooner, $140+ this would be the place to double up on your position to lower your average.
AAPL Short Position (1:5 ratio)AAPL short position set-up here.
Former support turned resistance about to get hit. Along with the high RSI at 70+ I'm expecting a move downward. My target is the strong 140 support. However I may look to sell earlier at 142 or 142.50 and take gains.
Target 1 = 150.00
Target 2 = 142.50
Target 3 = 140.00
SL = 158.50
Low risk high reward play. Although be aware of earnings next week.
Apple Double Topped?We may have seen Apple hit a double-top from May's high of $151, which we hit again today. With a week of earnings, including Apple's earnings on 28th, it could go anywhere. According to their guidance they expected a slowdown, lets see how this plays out for their price.
Per economic data, it fully supports a sell off but these big cap names is what is keeping the markets looking nice even though other stocks are down 90% like Carvana. The market doesn't really reflect the true state of the economy, because if it did, markets would be slashed in half.
Consumer sentiment, PPI, CPI, jobless claims are all worse than expected, but they like to act like we've hit bottom after a 14-year bull market rally.
MACD on the monthly is still very bearish. RSI has room to fall. But, lets see. Today, good news is good, bad news is good and in the face of $90 billion in buy-back from Apple, we can see Apple unrealistically going up.
Apple Shark StrategyWe see that the previous harmonic pattern pushed prices back to the fib 2.24 level.
I think he's trying to complete a harmonic pattern again now.
Moreover, I think that a pattern that repeats itself can be formed with the fractal.
When we simulate the first main pattern that may occur, prices will appear as follows.
When we look at the fractal image, I predict that the intermediate prices will be as follows.
When we measure the fractal back test from the internal image tp2, I think the prices will encounter a sell reaction from $ 160.
We can think that it will continue its upward movement again with support from the $ 150 levels.
It is also possible to predict that prices returning from the $180 levels may fall to the $120 levels as the pull back of the main pattern.
Never mind what I've written so far. I think what I have to say now is more important.
When we examine the chart in monthly and weekly time periods, I see that this is not an upward trend, but a downtrend.
It turns out in the measurements that the harmonic pattern on the graph is also a shark. Considering that my words will not affect your investment decision, I can say the following.
Prices will most likely rise as high as $160 and get a selling reaction from there. I think prices will fall from the $160 levels to the $120 levels. Of course, this is my opinion. Just a prediction
Note: This is not investment advice.