AAPL Key Technical Analysis and Options GEX Insights-Jan. 28Technical Analysis for AAPL:
* Trend Structure: AAPL is rebounding from a recent downtrend, testing the upper boundary of a descending channel. The momentum suggests a potential breakout if buying pressure sustains.
* Support Levels:
* Immediate support at $222.78.
* Strong demand zone around $218.20, where previous sell-offs reversed.
* Resistance Levels:
* Immediate resistance at $241.46.
* Critical level at $260.10, aligning with the previous high.
* Indicators Analysis:
* MACD: Displays a bullish crossover, signaling potential upward momentum.
* Stochastic RSI: Overbought at 99, suggesting caution for immediate entries.
Options GEX for AAPL:
* Gamma Exposure (GEX):
* $239: Major gamma resistance, acting as the highest positive NETGEX zone.
* $222.5: Current HVL support.
* $218: Critical PUT support wall with a significant negative gamma weight.
* Call and Put Activity:
* Call Volume: Weighted at 15.6%, indicating bullish sentiment.
* Put Volume: Neutral with slight bearish pressure near $222.50.
* Volatility:
* Implied Volatility (IVR): 60.6, moderate volatility environment.
* Options Oscillator (IVx): Stable at 37.7, favoring bullish setups if the price remains above $222.
Trade Setups:
* Bullish Scenario:
* Entry: Above $241.50.
* Target: $260.00.
* Stop Loss: $222.00.
* Bearish Scenario:
* Entry: Below $222.00.
* Target: $215.00.
* Stop Loss: $230.00.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risks responsibly.