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Apple: Technical Gap Analysis 1D (Apr. 26)X FORCE GLOBAL ANALYSIS: Apple has shown great strength in its recovery from the damage caused by the corona virus (Covid-19). In this analysis, we explore a purely technical approach to Apple (AAPL), using the gap theory. Analysis - Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between. - As a result, the asset's chart shows a gap in the normal price pattern - Gaps have a tendency of getting filled. - Thus, when we see gaps below the price during an uptrend, it indicates that there is a probability of a correction - Apple's chart on the daily is rather choppy, and presents room for multiple gaps - Gaps that have been filled are marked by green - We currently see two major unfilled gaps both above and below the current price level - While the Relative Strength Index (RSI) moves in an uptrend, creating higher lows, we have not yet broken the descending trend line - The Moving Average Convergence Divergence (MACD) shows a potential death cross, as the bullish histogram show signs of weakened momentum What We Believe Based on the gap theory, given that all gaps fill, this would be the most probable scenario; we see a rejection at the descending trend line support, and as prices fill the gaps below, a double bottom is formed on the daily. Then, we see a breakout from the descending trend line resistance, and a continued bullish rally to fill the gaps above. However, it's imperative to note that gaps don't get filled all the time. Trade Safe.
NASDAQ:AAPL
by XForceGlobal
AAPL - Apple S/R zonesHello traders, Description of the analysis: Apple is returning to a fairly wide band of the previous period in which the fair price was 275.5 however the current profile creates a range in this band with a higher fair price of approximately 284. Currently testing support for the first standard deviation. This support could be interesting for more aggressive investors, but for more conservative investors I would target a more appropriate price tag around 252. Most patient can try zone around 242. It will all depend on whether strong support will be reactionary or break through. Who would consider buying 100pcs shares can try the entry with a bonus and sell the put option at the given price of entry. If the market does not reach there until the expiration date of the option, you will at least receive a premium for the sold put option. Invest and trade sparingly and carefully, we still have VIX in extreme. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NASDAQ:AAPLLong
by Jacob_Kovarik
Apple Full Trend Reversal W/ MA?NASDAQ:AAPL Apple might be in the middle of a full on reversal from this massive drop it's been on for awhile now. Follow the 20/50/150/200 MA from 1 minute all the way up to 1 hour chart and notice how they are all reversing trend. The key now is to follow the 2H-4H today maybe more to see if they complete the reversal on the 50 passing over the 150 etc. Could be an amazing sign for Apple. If it gets stuck though the downside would be a big sell off. I think Apple is bullish and people want it to be bullish in the market so my hopes are directed that way. Also is was massively oversold since Feb. Thoughts? Do you due diligence as always and make sure to keep up to date with all the market news and pre market buzz concerning the overall market and virus.
NASDAQ:AAPLLong
by DigitalData
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