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APPL

APPLE to the upside! Is it early?Hi team, Yesterday I put together a video where we identified a previous resistance level acting as a support in the $112.60 range. Apple came out strong today and after it bounced off that support level in premarket. My personal opinion is I feel the breakout is premature. The iphone announcement is coming out in a few weeks and there is a gap fill down to $106. A breakout today if it holds signals a trend reversal where now the stock is trending upward. Adjust your risk management plan as such and focus on buying call contracts 2-3 months out in the $117.50-$120.00 if we continue to move higher. Monday-We had a break to the downside at open from premarket highs Tuesday- We had a break to the downside at open from premarket highs Wednesday-Gap Lower from previous day and breakout? .....
NASDAQ:AAPL
by cazmuh
1
Apple path and directionHello everyone Since 2018 Dec apple started a uptrend channel on Jun 2020 apple broke this channel to the upside making another uptrend channel Until now apple is respecting this channel which is around 104 level and 130 on lower time frames Reversal from uptrend trend line is showing However if apple broke this channel to the downside there is a strong support which happens to fill a gap which is also a Fibonacci level of 0.50 of march uptrend \ Good luck everyone any question I welcome to ask :)
NASDAQ:AAPL
by Abu-Sushi
4
Dollar CAD - Manipulation TimeThe week of August 17, USDCAD had no high. Its open was its high. It then waterfalled down to under 1.30 before bouncing. That low was never revisited. After FOMC, I'd say everyone is expecting a quick return to bull and a quick return to dump town for the once-mighty USD. I'd say they're right, but not before we see some good ol' fashioned manipulation. Long a stop raid on anywhere around 1.312 for best results/RR. But we may not see such an opportunity since short sellers are trapped. Once the raid on 1.326 is complete, price will come down quickly and retail can quickly begin to buy the top on TSLA and APPL again, and that's where the real opportunities emerge. Not that a 100 pip "scalp" isn't enough of an opportunity...
Long
by LordWrymouth
Regression Trends, Support and ResistanceThe broader Nasdaq Composite Index had a great reversal day, but what comes next? The top 4 market cap players were testing support and resistance lines, indicating indecision on where investors think the market will go. Having one of these make a big move either direction would certainly impact the others and the broader index. Taking a look at overall market, there is a lot of room to move downward if that's the direction that things take. Even in the shorter term of 1 year, the market is very extended beyond the Regression Trend midpoint. There's plenty of support historically, for the market to take a large correction in the other direction to bring the average growth back to the midpoint. In fact, you can see that as 35y, 5y, 2y regression midpoints converge to nearly the same location. These regression midpoints aren't perfect, but even adding some +/- error to the locations, it still gives the market a lot of room to move down. Outcomes could be support near the 1y midpoint where you'd also have 200d support and the pivot point of the previous peak. That would be near a 15% decline. Beyond that, there is not much support until you get to the bottom of the March crash. So another ~15% drop would be feasible. 2020 already claims 3 of the 20 largest percentage drops in Nasdaq history. And it's 2020 - it wants to be the best at being the worst!
NASDAQ:IXIC
by drewby4321
AAPL- Going to pre-covid level by Sep End. First target $89-$93$AAPL peaked with $138.52 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside. In Wave A, total 5 waves will be there and today done with Wave 1 from $138.52 to $111 & Wave 2 to $122 . Now, will resume Wave 3 and currently in Sub Wave 2 of Wave 3 which is a great opportunity to short. Targets -> Wave 3 - $89, Wave 4 - $99 & Wave 5 - $82 Please follow to get notified when I updated the idea. Good luck.
NASDAQ:AAPLShort
by HIDDENImmortal
4