Apple at a potential support levelI would like to see NASDAQ:AAPL bounce at this potential support level. It closed this week below a key MA, which is a bit worrying. by Trend_Trader_JSEPublished 110
AAPL TA 1-5-24 + MACRO OUTLOOK on STONKSAn outlook on Apple for the short term and long term outlook. As well as Macro Outlook on Stock. How will January play out. Will that give us a good read on the rest of 2024. How should we navigate the 1st and 2nd half of the year20:09by LeroyJenkins13Published 220
Bullish Divergence + Potential Wedge breakout early next weekIt's pretty self explanatory. RSI and price have diverged. Looks primed for a breakout of the wedge. Probably going up to fill the gap before going back down again. Short term long, longer term short imoLongby cbenedetto10Published 4
AAPLObserving the chart pattern, it appears that a potential head and shoulders formation is likely to occur next week. I am anticipating a bullish trend for AAPL.Longby AmyThongbaiPublished 1
AAPL Update: Top Appears inYesterday, I called for us to drop to the 1.618 area and bounce higher for our b wave retrace. We dropped slightly under that just shy of the 1.786 fib. Price has since started to move up and looks headed for my next target box for b. After it carves out this retracement, I can then dial in targets for our c wave. Nothing is confirmed yet but looks to be following my forecast. If price behaves and ends in my target box , I may buy a couple puts for the fall. Time will tell. Some of my posts contained some contraband yesterday and were removed. The text has been removed and I am just re-posting this bottom portion so y'all can still see the other information. I was originally expecting another higher in Apple due to the fib levels we were at. The last two days seem to say otherwise, though. We have breached the 0.5 retracement fib this morning which is normally a red flag this wasn't wave (4). Breaching the prior wave 4 is the first sign we had showing the upside was cracking. Waking up this morning and seeing we tagged the prior wave 1 high with the MACD reading we have all but confirmed this. The confirmation will be a breach of $165.27 to the downside. If this is the correct count, and we have topped, then we are seeing the very first mechanisms of the Super Cycle wave (II) starting. That means we're beginning the consolidation of gains from 1982 up to last month. This will take years-decades to complete. Looking at the structure alone we have an abc completed. Add fibs into the picture and I would like to see us get OML into the 1.618 fib @ $181.38 before a small retracement for wave b, but this is not required. The micro b I am expecting would "normally" go to the high $180's before the next c wave kicks in and sends us lower. One thing to always remember about corrective action is it is choppy and overlapping. This is obvious in the a-b waves at the beginning of this move down. It then made a 5-wave drop for it's c wave. Once it starts its next retrace for wave b I will be able to dial in some retracement fibs to help narrow the target area. Wave b will normally be marked by overlapping/choppy price action. This is what I will be looking for today. Once the b wave completes, I expect the drop that follows to be strong much like this mini C wave. I can't be for certain without a completed b wave, but micro-wave c will most likely bottom in the $160 area. I am NOT saying this is the bottom before another rally. I am saying that would complete the first larger A wave within this cycle. Let's not get to ahead of ourselves though and take this one step at a time.by TSuthPublished 13
M top pattern on AAPLChart speaks for itself, however judging how a recession is now the base case an M top pattern on a large S&P500 stock may be the hint we need. Wait for break of neckline (Red line).Shortby Alphamoney870Published 115
Apple Could Be OversoldNegativity has mounted in Apple since the year began, but some traders may think it will bottom soon. The first pattern on today’s chart is the price area between $180 and $184. That roughly corresponds to the peak in early 2022 and some highs last September and October. Will the old resistance become new support? Second, the 200-day simple moving average (SMA) is rising from below. AAPL bounced at this SMA in March and October. Third, Wilder’s Relative Strength Index (RSI) just dipped to an oversold condition. Similar readings occurred at or near bottoms in August, October and December 2022. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStationPublished 11
APPLE We are going to leave an order prepared waiting for this bearish GAP to be filled, which makes little sense.Longby SGsauragestionUpdated 2
AAPL loosk weakWith the overall market and tech sector turning bearish this one looks like perfect short for me. Apple had bad news and downgrades. Down we go? Stop loss above the red lineShortby AnaBloemkoolPublished 112
Is Microsoft taking Apples throne?Apple is very oversold and relatively weak compared to MSFT. Are we about to see a rotation trade take place? MSFT is looking vulnerable while Apple is looking like a dead cat bounce play. 0by Trading-CapitalPublished 1
APPL oversold on to much negativityI think AAPL has reached an oversold level, it is a little below the 50% fibs retracement but there is a good support are at these levels. I bought some Jan19 190C because today Thursday 4 the volume reach to more than 35K.Longby sfl_tradesPublished 0
How to Trade Apple’s Negative GapBarclays Downgrade Takes Chunk Out of Apple Apple's share price has started the New Year like a damp firework after Barclays downgraded the tech giant to "underweight". This downgrade was primarily triggered by disappointing iPhone 15 sales in China and the expected slowdown across various Apple product lines. Anticipation looms around the upcoming iPhone 16 release later this year, with projections hinting at a modest update. Barclays also highlighted increased regulatory scrutiny which threatens to impact Apple's services business. Additionally, Apple have encountered obstacles related to patent disputes concerning its advanced Apple Watch models. However, the company managed to resume sales following a court ruling. Apple Print Large Negative Gap The unexpected Barclays downgrade caused Apple’s share price to print a large negative gap – where prices open and stay below the previous candle’s low. This gap is significant for two reasons: 1. Confirms Failure at Highs: Apple’s share price went on a stellar run during the final quarter of 2023, taking prices from the volume-weighted average price (VWAP) anchored to the Jan 2023 lows (anchored VWAP 1) to retest all-time highs. Prices had stalled at the retest of the all-time highs and this week’s negative gap confirms the failure to break and hold above resistance. 2. Confirms Change in Short-Term Momentum: The gap has created a burst of bearish price momentum which has broken below swing support. This has opened the door for prices to potentially undergo a deeper pullback towards Anchored VWAP 1. AAPL Daily Candle Chart 12-Month View Past performance is not a reliable indicator of future results AAPL Daily Candle Chart Zoomed View Past performance is not a reliable indicator of future results How to Trade Apple’s Negative Gap Negative gaps create compelling trade setups as they signal a ‘shock’ to supply/demand dynamics of the market. Here are three possible price path scenarios which could lead to trade setups: Scenario 1: Gap and Go In this scenario we see prices continue lower in the coming sessions without consolidating or retracing. This scenario would favour using lower timeframes such as the hourly candle chart to time entry and manage a potential short position. Scenario 2: Break and Retest This scenario would see prices undergo a small pullback towards broken swing support – creating a potential opportunity to short the stock at favourable levels of risk/reward. Scenario 3: Gap Close Negative gaps have a tendency to provide resistance. Should prices rally high enough to close the gap, it could create a potential opportunity to short the stock at favourable levels of risk/reward. AAPL Daily Candle Chart Past performance is not a reliable indicator of future results Risk Management Apple has an Average True Range (ATR) of $2.95 – traders can use this as a baseline expectation for daily price movement and factor this into to stop placement and price targets. On the economic calendar, Friday’s US nonfarm payrolls have the potential to increase the volatility of Apple’s share price. Apple will release Q1 2024 earnings on Wednesday 31st January. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by CapitalcomPublished 4
Aapl2 scenarios here.. 1st scenario which im fond of is the H&S to 186 2 scenario is a possible falling wedge setup for ATH In my experience , you always have to watch that right shoulder on the H&S.. if it doesnt break the neck line to flush lower it will turn into a falling wedge .. We will find out next week.. by ContraryTraderUpdated 99124
AAPL Apple enter into a correction that ends the upward trend, which indicates that ES500 is entering a correction phase that ends with its upward trend Shortby alaouiPublished 0
Analysts Downgrade AAPL SharesAccording to Yahoo Finance, Barclays analysts downgraded AAPL shares to “underweight” and lowered their price forecast: they expect the share price to drop to USD 160 (although AAPL traded above USD 184 yesterday). Analysts justified their decision by their expectations of a decrease in demand for new iPhone models. “Our checks remain negative on volumes and mix for iPhone 15, and we see no features or upgrades that are likely to make the iPhone 16 more compelling.” The news caused AAPL's share price to fall 3.6% on Tuesday, its biggest one-day percentage drop since September, and the decline wiped out more than USD 107 billion in market value. Concerns are growing due to: → growing competition from companies such as Huawei Technologies Co; → strict measures by the Chinese government against foreign-made devices. The graph shows that: → The price forms a downward channel, shown in red. We outlined the lower contour of this channel in the analysis of the AAPL share price on November 3. At the same time, we wrote about the emerging decline in sales of Apple products. → The price has formed an AB double top pattern. Moreover, the second peak is higher than the first, which forms a false bullish breakout - a threatening sign. → Comparing the performance of AAPL stock with the performance of the stock market index, we can see that the stock is actually underperforming the market in the second half of 2023. Thus, there is reason to assume that if the price continues to develop within the contours indicated by the downward red channel, it will drop to the values predicted by Barclays analysts. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpenPublished 1113
APPLE eyeing the 1W MA50 support.Apple (AAPL) hit yesterday the 1D MA50 (blue trend-line) for the first time since November 06, extending the rejection on the Resistance 1 level. A rejection that is in perfect symmetry with the February 03 rejection that also caused a pull-back. The last call we made on Apple (see chart below) was on November 12 actually signaling a buy after the Falling Wedge break-out, targeting 195.00: The fundamentals this time are far from ideal, so a greater correction seeks the next technical Support level. That is the 1W MA5 (red trend-line), which is currently sitting at the bottom (Higher Lows trendline) of the multi-month Rising Wedge pattern, and was the level that initiated the strong rally on the October 26 bottom. As a result we are looking for a downside range within 177.00 - 175.00 and then rebound with a $215.00 target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShotPublished 18