Apple(AAPL) Are you long or still short?Apple(AAPL) Are you long or still short?
AAPL could be on its way to complete wave five if it holds above 124. It managed to hold above 124 in a few attempts by sellers to drive prices to 120/118 but was unsuccessful, as indicated in the H4 price chart below.
The short-term goals to the upside are indicated on the chart; target one at 132, target two at 138 and four at 146.
Support at 124, 120, 117
Aaplshort
Great SHORT Opportunity!!Apple looks OVERVALUED!!!
Tech is going down. People are rotating into companies that have PE multiples that make sense!
Yes they have a ton of cash on hand and will be completely fine, so for most of you it might be a buying opportunity but I see this sucker going down at least -20% to -30%.
That white box is a head and shoulders reversal pattern.
A break below $120 would signal possible confirmation of a new downtrend.
Over time it's been bouncing off the 200 day moving average so that's where I'd aim this time again.
APPLE(AAPL) - At the best and worst priceWe are in the best buying zone for Apple, stop at -5% approx.
The bullish and bearish scenarios can be seen in the chart.
In case of failure a big HCH can be observed.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER.
You invited to share your vision in the comments. Thank yo
Apple Stock - Head and Shoulders formation as Investors WaryHi,
AAPL daily chart has completed the formation of Head and Shoulders pattern and it is now breached. If the price goes up in the next few days and pull back on the line, it will confirm the drop. I am in the position of selling some of the portion until the next confirmation.
The drop should be contributed by the the plan of the technology titan to produce electric cars. It is seen as a big innovation as well as big investment to the company due to its reputation as having a penchant on being a disruptive company.
The production was started as a rumor. However, as the news on the company is in discussion with several suppliers to procure the lidar technology emerged, we can assume that the rumor might become reality. For information, Lidar Technology is used in self-driving vehicles.
Happy Trading!
APPL - 4 hour, Head and ShouldersAs a more of a crypto analysist I do invest in stocks too.
In the chart you will see a mediocre head and shoulders formation which is clear sign of bearish price movement.
The head of the formation is 10.25% meaning the price can continue and hit the marked target of around 114 per share.
There are two scenarios;
The first one is to retest the sharp angle and reach the target. Retest zone is at the braekpoint of the formation.
The second is that we can see a rebound to the breakpoint once again and therefore the price will continue in upward slow trend.
Personally and realisticaly the price will continue to drop to target even after retest, the head and shoulders formation is powerful and traders and investor understand it.
Check out my other ideas in my profile.
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AAPL Correction Ahead! Sell!
Hello,Traders!
Apple seems to have fallen out of the rising channel
And is now trading below an important horizontal structure
Therefore, I am expecting a correction
With the target of the nearest support
Sell!
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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.
Apple - will the correction tilt the trend?Recent price action shows that traders are closing their long positions and we have reached a point to think if this is going to accelerate and even if some selling occurs.
The uptrend is intact, still not tested, but we are moving towards the 120 - 123 fractal line - first major support and the demand zone of the trend.
RSI gave the initial warning signal and now MACD has confirmed with it's crossover and negative histogram.
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.