APPL
APPL short positionSignals
Position: Short
Entry price: $180.61
Target price: $161.10
Stop loss: $186.10 (3%)
Indicators
MACD line is above the signal line, suggesting that it has a bullish momentum and once it enters the restriction zone, the price is likely to get rejected and drop into the support zone.
Conclusion
We expect that the price will come up to the restriction zone and go back down to the support zone. We could entry as a short position, with the price set slightly lower than the highest restriction level. Stop loss is set at 3% regards the range of considered zone.
Not financial advice.
Nasdaq Earnings RallyBased on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow 2/2 the Nasdaq should break through.
I still hold strong to a bear market based on countless economic issues from:
Inflation
Poor Retail
Pending Home Sales Decline
Tapering Ending in Feb
Balance Sheet Reduction
Raising Rates
0.1% Q1 GDP estimate by Atl Fed.
When the Fed pumps, logical news doesn't matter. Good news is good, and bad news is good. This alone tells you this a bubble, where equities no longer react because retail investors influence has become smaller and smaller in equities. Retail investors are but a drop in the bucket compared to $120 Billion in 0% QE money.
Apple heading for TL retestWatch 160 closely, followed by 155/156; these are the levels that should provide support. 160 beautifully happens to be around 100 day EMA, 0.5 FIB and right at TL retest, all enough reason for a bull bounce ahead of earnings that will dictate the longer term direction. Ugly H&S formation on the daily is noticeable and is cause for concern.
Is Apple in a bubble? Is it overvalued? Judge for yourself.
Apple PE Ratio as of January 21: 28.90
PE Ratio Range in the past 5 Years:
Minimum: 11.69, JAN 3 2019
Maximum: 41.80, DEC 28 2020
Average: 22.51
Median: 18.93
Further upside for $TSLA-Price resting on the .50 fib from the 3D chart after bouncing off the .382
-3D: Positive divergences: HIST, RSI, CCI, MOM, VWMACD, MFI
-PSAR Flipped positive on the 1D
-MACD about to flip green on the 1D and has already flipped on the 4H. RSI increasing on both
-Likely to breakout to the upside from the bull flag given TSLA's overall strength
-Only 1 earning announcement was negative since 2019 so it's likely likely be positive in May. This could either lead to a creep to the upside until earnings announcement or be drastically hindered by interest rate hike announcements.
-Tesla is technically a motor vehicle industry but the stock behaves alot like the tech sector. Traditionally when interest rates increase, technology stocks are hit the hardest so keep a look out in the next few months.
-Buy in after a daily confirmation above $936 and stop set below $891. TP1: $1091
-If stop is hit, expect further downside to the .618 fib at $767
Follow up trade on appleAPPL has seen a move outside of its efficient area and an inefficient move higher. Longer term Inefficient moves have favored the upside, yet IF this efficient area holds we may continue to see APPL slide lower all of this is predicated on the bond markets movements, higher = higher stocks lower= lower stocks
APPL BULLISH OR EEARISH ??? FULL ANALYSIS1. Volumetric base at the Bottom will push the scrip up .
2. reversal is waiting for broader market
3. Nicely corrected and crossed the median of the regression channel
4. near the Support and demand zone , will bounce bcak
LIKE if you agree with the analysis
NASDAQ: APPL/ Apple looking to plummet back into rising wedgeAccording to my technical analysis, the tech giant stock is still overall bullish however, the stock was overbought and looks to make corrections. We see a triple top forming forcing it to get back into our rising channel after we had a break out in Dec 2021. We're now bearish on the daily and weekly timeframes but will see a change once the correction is complete.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Apple should bounce tomorrow but there is weaknessIf you are long exit @175 or near that price point. Will see how price reacts when it enters the highlighted zone. We do have weakness on daily charts for sure. This $175 is just a zone to exit if you are long. I will not take a call or be long here as there is weakness on Daily TF
APPL - Where would/should we consider buying?
This analysis is based on an expected short-term retracement, the question is where we may consider looking long rather than chasing the short.
Weekly Candle formation ( dark cloud cover.
Daily confirmed Double top.
Completed AB=CD and reacted exactly from the completion zone.
RSI Divergence - Daily.
MACD crossed over - Daily
Possible buy/accumulation zones - top or bottom of the channel diagonal Support/resistance (details in Video).
$APPL Possible Reversal Areas (FCP Zones)Traders, APPL (Apple stock) can now have a correction on weekly time frames and quite possibly fall hard. The price is very extended and is due for a possible correction/reversal. Watching these 2 FCP reversal zones for possible confirmations. The confirmations must either multiple conformations on daily time frame or weekly time frame.
Trade what you see and keep the risk management tight.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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