Applestock
$AAPL (5/10-11 UPDATE) LOOKING FOR SUPPORT $126Brief Video update on $AAPL
If you havent caught any of my previous breakdowns I will link them below.
Still on trend since my last video playing off the rounded top here on the daily. Looking for abounce off support around 126. More details within.
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AAPL - You Have Only 45min Hi, this is my update for AAPL. After a big fall today, we have now tested the support level $127, SMA100 and SMA50. We got rejected first time we tested the 70.2% retracement level from the recent fall, but I think in the coming days we are going to break it. Next resistance is between $135-137, if we break it we are ready for $143. So be patient and don't PANIC, AAPL is BULLISH ;)
$AAPL Post Earnings (Technical Analysis) 4/30After what seemed to be a great earnings on $AAPL we have seen a gap up and that gap was lost rather easy due to market conditions. The Global Chip Shortage is impacting some of the largest companies and demand grows and supply is weakening.
Looking at the chart, we have been fighting with the $135 wall for weeks. Holding what seemed to be a cup and handle on the daily. Due to the rejection we saw yesterday, and the FAANGS lackluster earnings we could see a trip down to support before to long.
We are looking to open today on our 20 EMA on the daily (blue line) which is below our marked support of 132. If we loose the 20 EMA I think our first level will be the break of 130 and then we have the 50 EMA directly under at 129.15
I will be watching for bearish momentum today and I will be paying close attention to option flow as to get a better idea of the sentiment going into next week.
Previous ideas linked below
Over all I am bullish on AAPL but market conditions are showing a lack of strength and runs divergent from $SPY as it continues to make new highs.
Good Trading
Apple share price analysis - The decision has been made!Hello dear readers,
The correction in Apple ended with a clear positive week. The cross support of the golden pocket and trend line was tested hard, but held.
Now the price is showing the appropriate reaction and can clearly pull away.
The medium-term outlook is therefore positive!
The price target of the current movement can be derived on the one hand from the Fibonacci expansion and on the other hand from the trend channel and thus lies at approx. 158 points.
As long as the trend channel is not broken downwards, the chart remains positive. Only a break of the trend channel would put the long scenario in danger.
Don't forget to Like & Follow if you like what you read :)
Best wishes & success!
Chartdigger
AAPL - Apple inc.When the Crypto market is consolidating and you can't find any main coin interesting enough to long or short, Take some time off and study the charts of some powerful companies.
That's what I do and I've never regretted this.
For example right here we've got AAPL as a very good example. right now it's already got rejected by a resistance, fell and got support and consolidating to go back up. I'd buy some shares because it looks powerful. and also, It's never a bad choice to buy AAPL, no matter what. (Chart speaks for itself)
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
Apple---> this big whale is waking upApple has been consolidating around 120 area. However it still have not got a good momentum. As per my past experience with apple, apple is really unpredictable it can rise when market is falling or vice versa, the reason being it is being traded extensively. Apple divergence on indicator is increasing, it is now apparent in 3 hour and 4 hour chart. However it has also formed a hammer on increased volume which can indicate reversal or short covering or a bearish trend. If we look all the 4 things together and apply knowledge of Bollinger band then we will see that it increased volume was not associated with increased volatility since Bollinger band are very narrow.
This means that short covering was done and no extensive new buying of shares was done that is why volatility is low.
Also the price is moving near to 20 day average on Bollinger band the middle line. Overall it is more bullish. I believe apple will be waking up quickly and usually when it runs it give 7- 8 percent return in a single bull run . Indicator show divergence .
I think usually on these days the best strategy will be a put credit near support or an iron condor will also be good. Also for long term investor this is the time to do the home run
Ideas here are for knowledge and entertainment. Do trading at your own risk
Here we go AGAIN!! Appl Analysis with entriesIm back!!!. If your a new or old trader/investor looking to purchase NASDAQ:AAPL then the following information will serve you well.
Currently NASDAQ:AAPL is trading at $119.58 at the time of this writing. Market volatility levels are HIGH due to the USD inflation being pumped up by the injection of the massive Stimulus Bill that was just signed into law recently. Making for an ideal trading environment for the savy investor which knows what to do. Now if you don't know what to do, let me help you a bit. Let's get straight to it!
You and I both know that NASDAQ:AAPL is fundamentally one the most stable companies if not the most stable company in the world with a cash holding of $195.57 billion dollars as last reported. As well as a remarkable financial statement & balance sheet showing nothing but future growth with out a doubt Even when it is under performing last years Q1 reports NASDAQ:AAPL numbers still do ALL the talking on their own. During times of slow downs like these in stocks due to the US dollars value increasing & stocks retreating to prior prices, it creates the perfect opportunity.
So what is this opportunity I speak of? & what does all this mean for a trader/investor like yourself?
It means, that these market environments are creating the perfect opportunity for a pull back entry that allows traders to purchase the most powerful company in the American stock exchange at a much lower price than it currently averages at. Which is why I chose to break down this stock today.
**Disclaimer**
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:AAPL
Fundamental Analysis = LONG (BUY)
Technical Analysis = SHORT-TERM SELLING (Pull back into our LONG positions)
Sentimental Analysis = Market is taking a breather due to USD valuation increasing.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced heavily down to the 61.8% fib level at $119.14. This area still makes for a great BUY trade. Markets are still showing downwards momentum as dollar keeps heading up. If momentum continues downward we can eventually see an amazing bargain price at the following fib level the 78.6% which is anywhere from $114-$112.09
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $135.00 (BUY)
38.2% = $129.00 (BUY)
50.0% = $124. 00 (Great trade opportunity) (BUY)
61.8% = $119.15 (What i consider the PERFECT IDEAL TRADE) (BUY) *Currently we are here*
78.6% = $112.10 (ABSOLUTE BARGAIN!!) (BUY)
Take profit 1: $125 Secure about 10-25% of profits in this zone
Take profit 2: $145.09 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a tech stock will most definitely return to break more records in the upcoming months when the continuation wave arrives. If not just stand back, take notes and analyze price action.
If you guys enjoyed this break down please drop a LIKE/COMMENT & make sure to hit that FOLLOW button. Cya'
Is APPL getting setting up for another crash?Personally I think Apple just like many other tech and speculative stocks are setting up for some major corrections. Personally I see Apple going down to $80 within the next year.
First I want to talk about why historically we about due for one. I have the 50 and 200wma pulled up on the chart. You'll notice Apple has been in a Constant uptrend since April of 2003. Its first Rally was from April 2003 until march 2009. That was the first time it tested the 200wma. Then you have another rally from the bounce off the 200ma all the way till 2013 when it crashes off the 200wma again. That was Close to a 4 year rally. then we go from the bounce off the 200ma in Jun of 2013 until it crashes and touches the 200ma again in may of 2016. So basically a 3 year rally. the next one was the bounce off the 200wma in Jun of 2016 till December of 2018. So this rally lasted about 2.5 years. Now we are in the Current run up from Jan 2019 till today. That's a little over 2 years. As you can see each bull rally since the tech crash has gotten smaller and smaller in time. Personally I see nothing on the charts, economically or anything going on with Apple that would justify this rally lasting longer then the last one at 2.5 years. Its been in a downtrend since the beginning of the year basically which I think is hinting it will touch that 200wma sooner then later.
Also when you look at the tops of each rally over the years they do look a little similar and I don't think the downtrend it is in now looks much different.
Best of luck on your trades!