Apple - approaching a major top?Calling tops is usually a fools errand but the EW pattern here seems somewhat clear with some fib ratios helping add to the case.
AAPL trade ideas
Apple. Bull Call Aug 230/250Buy a Bull Call 230/250 for 16th August after earnings
Buy Call 230, Sell Call 250 for premium around $8.30 with potential profit of $11.70
That is a max profit of 140%
Apple: Bullish Seasonal Growth ExpectedApple Inc. (AAPL) is trading at $230.54 and higher in the pre-market session, continuing to demonstrate strength as the price embarks on a seasonal growth trajectory that is projected to persist through the first two weeks of August. This anticipated bullish upside aligns with our in-depth analysis of market trends and seasonal patterns.
A significant factor driving this optimistic outlook is the positioning of various market participants. Large speculators, typically institutional investors and hedge funds, are currently holding long positions on Apple. This suggests a strong confidence in the stock’s potential for further gains. On the other hand, retail traders are predominantly positioned on the short side, which often indicates a contrarian opportunity for upward movement as these positions may get squeezed.
Given these dynamics, we see a compelling opportunity to buy Apple stock at the opening of today’s market. The alignment of large speculators' long positions with the seasonal trend enhances the probability of a sustained bullish run. Historical data supports this seasonal growth pattern for Apple, typically seeing a positive performance during this time of year.
Investors should consider the broader market context as well. Apple, as a leading tech giant, often sets the tone for market sentiment. Its robust fundamentals, continuous innovation, and strong consumer demand further underpin the bullish case. Additionally, any positive developments in the broader tech sector or favorable economic indicators could provide additional tailwinds for Apple's stock price.
In conclusion, with Apple trading at $230.54 and higher in the pre-market and supported by a seasonal growth pattern and strong positioning from large speculators, we are poised to capitalize on this opportunity. Entering a long position at the market opening aligns with our analysis and the anticipated bullish trajectory through mid-August. Investors should monitor the stock closely, considering both the seasonal trends and market participant behavior to make informed trading decisions.
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AAPL-SELL strategy Daily chart Heikin AshiIt had a good run for it's money, and we have spiked weekly above KC and daily chart shows signs of decline by the stochastic turning negative soon. We have GANN support $ 203 area, and think it will attract towards that objective.
Strategy SELL @ $ 228-233 and place SL above $ 243 and take profit near $ 208.00.
APPLE - EXCELLENT OPPORTUNITY There is no trade recommendation. Just for study purposes.
Level marked in the chart.
Excellent opportunity in Apple - Add 50% at 173 and the remaining 50% at 166.
Stop Loss - 1 % of portfolio.
Apple updateMy set up is abt to complete but that doesn't mean it won't goo further up,am expecting it to reach atleast 300 at the end of the year soo its a good investment indeed for this year,I don't real believe in talking too much or writing but I believe in actions that comes out exactly predicted more than explanations,I can write paragraphs n be explaining wrong things which is useless soo check my set ups not what I write😊
AAPL Paths Moving ForwardAAPL and the rest of the Mag 7 continue to make new all time highs almost every week. We saw some weakness on Thursday for the first time in a while, but once again all dips were bought within 24 hours and we're back to ATH.
Here's some paths for AAPL, this is the 1hr chart, which I think can be good for short-medium term analysis. AAPL had a big bull flag breakout, but eventually pulled back after breaking its ascending channel. It has trendline support below which is holding for now. That trendline support and ATH are the key areas for me this week. I'd expect continued upside if another new ATH is made, but I could see a quick move down to the $220 area if the trendline is broken to the downside.
APPLE: Bearish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current APPLE chart which, if analyzed properly, clearly points in the downward direction.
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Apple is BullishApple is bullish and in an uptrend channel on the daily timeframe.
With today's close will confirm, a break out above the resistance area around 195-200 (to become the new support/demand zone) and a break out of the double-bottom pattern. Target is set to the upper levels of the channel at 250.
AAPL this has leg to continue UPNASDAQ:AAPL
Look at this perfect golden cross pattern, has legs to continue up, not adding at all time highs, just on pull backs.
Support worked out really well at $168
Could Apple Hit Another New High?Hello Traders,
After successful prior analysis targeting per share unit would rises up to $200 from $180 in past weeks, here is our analysis done for this week in weekly timeframe. We saw the last week candle has closed bearish and formed a Bearish Harami (reversal). Would it retest the resistance $(196-200) and continue to climb up or drawdown to $170 again?
Let see what happens. Comment down if you can relate this plan to any news insight. If you like this post ,feel free to boost this plan. Happy Trading.
WHY APPLE KEEPS GOING SO MUCH?"The move higher follows the company's annual Worldwide Developers Conference, where the iPhone-maker said it will start rolling out its beta artificial intelligence(AI)software, called Apple Intelligence, this fall. Investors applauded the Company's move into Al, sending shares up more than 7%." Traders it's time to buy what do you all think? it also looks like its in the falling wedge and a falling wedge indicates an uptrend coming.
Mag 7 Support BreakWe are finally seeing some weakness in the mag 7 today, I was beginning to wonder if it was possible for it to drop. Not only did it weaken, but it was a big fakeout to the upside and it broke below previous support on the way back down. I have trendline support it could bounce at below, if not, it has a lot of room to fall. This is assuming the sell off has legs and isn't instantly bought up of course.
What Technical Analyst Might Say About Apple After Its BreakoutThe title of world's largest company by market cap has gone back and forth of late between Apple NASDAQ:AAPL , Microsoft NASDAQ:MSFT and Nvidia NASDAQ:NVDA , with no clear leader emerging.
With about a month left to go before the tech firm reports its fiscal third-quarter results, just how is this stock positioned, and are traders ready for what comes next?
Let's dig into AAPL’s charts to see:
A Long Sell-Off Appears to Have Ended
Apple sold off fairly harshly all the way into April after hitting a December top that nearly matched its July 2023 peak:
But the stock’s Relative Strength appears to be in a good spot:
However, Apple’s daily Moving Average Convergence/Divergence (MACD) looks a bit twisted:
Add it all up and AAPL appears to have gone into the start of a basing period of consolidation.
This occurred after the stock broke out from a cup-with-handle pattern with a $197 pivot (the purple pattern at right in the first chart above).
The breakout did stop about $15 short of where it could have based on some models. That leaves me wondering if this is a minor pause, or a more serious period of sideways consolidation that the stock has entered into.
A ‘Golden’ Crossover
Note that AAPL experienced a positive algorithmic reaction to a "golden" crossover (green circle below) of the 200-day Simple Moving Average (SMA), as denoted by the red line below, by the 50-day SMA (the blue line below). This move is historically considered bullish:
However, within the daily MACD, the 12-day SMA has crossed below the 26-day EMA (the red circle above), with the histogram of the nine-day EMA in negative territory (the blue circle). That historically tends to be a bearish signal.
Checking Out the Price Action
Let's take a closer look at the most recent price action, shall we?
While the charts would historically point to a good chance that the consolidation seen here continues sideways to form a base, there is just as good a chance historically that what we might be seeing is a much shorter-term "bull flag." That’s a pattern of continuance signaling potential further upside.
How might readers know which ends up being correct?
If AAPL hits resistance again close to $220, then the charts will historically tell us that it's likely a base. But if Apple treats the $220 like a springboard within a few days, then the charts historically tell us that this is probably a bull flag.
Bullish traders (those interested in only short-term price movements) will want to see that flag, while bullish investors (those interested in Apple’s long-term business prospects) will likely be fine with a base.
Conversely, bearish traders and investors will probably just want to see that 21-day EMA face a test from the upside.
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AAPL Signals Short Term DropOf the 71 times AAPL triggers a sell on my RSI indicator (the magenta arrow at the bottom of the chart), the stock drops 97.143% of the time in the following 25 trading days. During 37% of the successful drops, the stock moves upward for 1-4 more days after the signal occurs in what I call the delay period.
What qualifies as a successful drop? The sell signal was triggered based on the closing price of AAPL stock on July 10, 2024 at 232.98. This means 97% of the time the stock will move below this closing price in the near-term. 2.85% of the time, the stock does not drop below this price over the following 25 trading days. The stock has always dropped below the signal closing price by at least 0.266% over the next 100 trading days.
On the chart above, the red boxes at the top are the delay zones of interest. The larger red box contains 100% of all delayed movement. The smaller box contains the stock's top or peak of the delay for 50% of the occasions. The same holds true for the two large green target boxes on the bottom. The final downward movement bottoms in the smaller green box 50% of the time, while the much larger green box contains bottoms or valleys for all downward movement.
This delay period of potential continued upward movement has historically had a maximum 3% gain before the stock eventually dropped. Regarding the bottom of the drop. Over the next 25 bars, it can occur on any day in the range with the median bottom occurring by day 8. 75% of the bottoms have occurred before day 18. The stock drops a minim of 0.266%, and median of 5.021%. 25% of the bottoms are no lower than 2.152%, while 75% of the drops are 8.3% or less.
The four shallowest drops over the next 25 days have been 0.266% (September 2010), 0.312% (February 2017), 0.827% (March 2019), and, 0.868% (August 2020) while the four deepest drops have been 63.23% (August 2000), 26.58% (December 1999), 26.51% (January 2006), and 24.80% (September 1999). The most recent double-digit percentage drop was 15% in April 2019. All shallow drops occurred in the most recent strong bull market, while the largest drops were part of the dot-com bubble burst.
While this current potential drop will likely avoid the sharper end of sell-offs, it is always interesting to see the strength and accuracy of signals. Historical movement is not indicative of future movement, but it is good to have as a data point.
AAPL SELL!!!! +++I am in disbelief at the lack of corrections in this market on the major averages and tech stocks. For those of us that use technical indicators they have often not been accurate as of lately, stocks are staying overbought much longer with smaller than normal corrections before becoming overbought again. Nonetheless, this WILL correct all of it. SPY, QQQ, AAPL, SPX, TSLA etc. The most recent correction from $221 to $206 I assumed we would see $198-200. Now I feel we could see $211 easily and still be in an uptrend
Mag 7 Bull FlagNot only do we see NQ/QQQ at support with a weak VX, but we also have another strong day for the Mag 7. It has a bull flag that could lead to another leg higher.
AAPL - MCDX Banker seems weakening MCDX works perfectly on AAPL.
Even with just 1% MCDX whale/banker detected on AAPL, most of the time, AAPL will fly.
Slow Turtle Buy signal triggers with small 1% MCDX Banker detected on early MAY. Since then, MCDX Banker/Whale kept buying and pushing AAPL from 180 towards rectacgular 1x target at 230. It's almost 30% profit for 1 month rally.
Cautious :- Sign of Bearish Divergence detected (Price Making Higher High while FiFT/MCDX Banker is making Lower High). Bearish divergence is a SIGN. Not a signal. So, we need to monitor for Sell SIGNAL around the target.
Apple to $250 by EOW. Don't delay, BUY NOW!!Apple is ripping because its new PCs will heal the sick and its new AI will solve world hunger and greed. Mofos.
Will Apple follow the Blue Arrow ?I am betting is a YES ! What if I am wrong ?
I will have to wait for the price to find support at 120 price level and add more ......
Triple top formation for AppleHistorically, the triple top formation is supposed to be bearish. However, here in Apple's chart, we see it did not play out as expected. It went up a whooping 7% breaking the resistance level at 197.41.
I won't suggest to go in now if you want to pickup this shares but wait patiently for the retracement. Then again, it may take weeks for that to happen. That is why patience is such a rare virtue in the game of investing. The fear of missing out is so strong in many investors that they have to participate in the game regardless of the price level. It's like an addiction; taking the action to execute the trade helps relief the anxiety in them. Finally, now they can announce to the world that they own Apple shares. They belong to the community.
Sounds irrational and not logical ? Understanding consumer behaviour helps you to better understand the stock market. Whether it is buying an Iphone or 100 shares of a Company stock, the underlying psychological reasons embedded within remains relatively the same.
We buy first and justify second. Is it a need or is it a want ? You need a phone ? Yes ! But you want to own the latest model which costs thousands of dollars, never mind if it exceeds your budget. Associating with it, owning it, carrying it and showing off to a certain extent, however unreasonable to the third party it may seems, this desire will heighten over time and like breaking out of the bearish trend line after the 4th attempt, finally, you purchased it or the price breaks out from the trend line. Hallelujah !
Remember the objective of owning a piece of the business or buying shares. Simply, it is to make your money not collecting a basket of brands. Of course, if it is branded and makes you tons of money, then it is double happiness. But there are many gems hidden in the piles that valued investors who spent time researching will uncover its potential.
Maybe, it is not as popular as the branded ones, but it has excellent sales records and profitability. It has low gearing and enjoys a wide economic moat as well........Find these companies and invest in them. Put on the cap of the venture capitalists , take a small initial position and bet bigger when the data shows more promising .
APPL - This is just obscene No matter where I look I see red everywhere, either I'm right and we are gonna face a very difficult economy situation very soon or I'm just crazy and my ass is gonna be out on the streets very soon! 😅
Disclaimer: These are not trading signals. Trade at your own risk!
Apple getting golden to $301.56W Formation formed on Apple and the breakout was strong and confirmed.
With the momentum up and the strong demand and buying, we can expect this market to rally up.
Nature: HIGH Probability
Target $301.56
