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APPL

Apple towards All-Time Highs / Multi-Timeframe AnalysisGood morning traders! Today we want to share with you our vision on this asset. Honestly, during the last few months there were stocks much more attractive than Apple, with a marked short-term trends that have given greater profitability, but we consider that we can see a strong movement in the short term. We will divide this post into two visions, a more imminent and a longer term one. 🔸In the first scenario, we see the image of lower temporality. 🔸What can be seen is that since September the price moved in a range without a trend or clear direction. 🔸Just during the last few weeks we saw a directional movement to the upside, which generated that the price at this moment is near the intermediate resistance at $ 125 approximately. 🔸Once the price faces this zone, of course there will be a reaction because it is a level where there will be a certain supply, but, in case that the zone is penetrated, there is a free path towards the Resistance Zone at historical highs. Now, what happens once we get to that level? 🔸To answer this question we need to move to a larger time frame to see the big picture. 🔸Being a stock with a very pronounced uptrend, every time the price generates consolidations, it tends to resolve to the upside after breaking it. 🔸In this case, we can count 5 corrective waves within the current pattern, which gives us an ABCDE. 🔸Given this, we can conclude that the current consolidation is complete, so the next move is a bullish impulse. 🔸Being in historical highs, we do not have a resistance to project the movement, so what we do is draw a fibonacci extension based on the previous bullish move. 🔸This gives us a result towards the first target, of approximately a 30% upward movement.
NASDAQ:AAPLLong
by ThinkingAntsOk
APPL dip buys according to elliot wave*Investment advice* Hello all, as you all already know the global economy isn't looking too good especially with coronavirus on the verge of a second wave and extremely contentious elections are causing a very tumultuous market. We are currently in a recession and I believe it will bottom out sometime in 2021 according to the Benner Fibonacci cycle. APPL is currently the world's largest company and I believe it will continue to be so or at least top 5 in the future and I have outlined a detailed Elliot wave pattern and showing two possible bottoms (dips). The zone I have outlined is a great area to buy and the the two paths show where the tops might be depending on how far down the market retraces. Good luck investors.
NASDAQ:AAPLLong
by snipdapipz
2
Looking For Apple EntryWe're looking to enter Apple (APPL) somewhere between $90 - $95 price range. May take several partial orders to cost average in case of continued selling which is likely. Still see this as a great entry level range. As far as Techincals... MACD & RSI look solid in the red & oversold areas which can point to a potential turn around. The OBV (On Balance Volume) is nearing oversold share volume also indicating a near bottom. We'll be looking towards the 100 EMA to cross the 200 EMA to solidify confluences. It is our opinion this market has some more downside to go... WE"RE SHOPPING FOR DEALS!! *As always, this is our opinion and does not constitute trading advice. DO YOUR DUE DILIGENCE & KNOW YOUR RISK TOLERANCE!
NASDAQ:AAPLLong
by ForexDestiny
1