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 Appleβs 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 Appleβs share price to print a large negative gap β where prices open and stay below the previous candleβs low. This gap is significant for two reasons: 1. Confirms Failure at Highs: Appleβs 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 weekβs 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 Appleβs Negative Gap Negative gaps create compelling trade setups as they signal a βshockβ 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 β 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 β 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, Fridayβs US nonfarm payrolls have the potential to increase the volatility of Appleβs 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 βunderweightβ 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. βOur 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.β 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: β growing competition from companies such as Huawei Technologies Co; β strict measures by the Chinese government against foreign-made devices. The graph shows that: β 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. β 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. β 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 ββpredicted 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 $215.00 target. ------------------------------------------------------------------------------- ** Please LIKE π, FOLLOW β , SHARE π and COMMENT β if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- πΈπΈπΈπΈπΈπΈ π π π π π πShortby TradingShotPublished 18
Apple reaching highs I am going to be a dumb MF and call NASDAQ:AAPL Apple max up-side to end somewhere between 190$ to 200$ this year and then a return to the bottom of the disjoint channel there within a year or so.Shortby GoatOfWallStreetUpdated 1
APPL - BEARThis is almost at structure for the next trade down with the BEAR Shortby elitetechfx-dailyUpdated 2211
AAPLApple will reach around $213 but I¨ve to wait the pullback to end and buy with the reversal patternLongby ImSoloInvestorPublished 0
AAPL forecast JAN 2024 Potential reversal levels for AAPL 189.16, 188.26, 187.55. Strong support within the 189-187 range. I believe there is likely an uptrend within the coming days if AAPL can manage to bounce off of the mentioned levels and push over 190.22, 191.36, 192.17 and 193.12 for strength. Feel free to let me know your thoughts. Stay Tuned ! More posts coming soon!Longby daavUpdated 11
Small or larger correctionHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely, by mehdi47abbasi79Published 7
Possible reversal trade on AAPl There are packs of negative news on AAPL turning the sentiment to red zone. Shortby OsperUpdated 4
AAPL Thoughts.Apple looks like it may continue down and bounce. Stochastic and MFI is traveling down from overbought territory to around the 184 level and should bounce around there unless there is an opening surprise. The first hour tomorrow will tell the tale.by geffertjPublished 3
AAPL (Y24.E1.P1).Typical move, liquidityHi Traders, I see this doing a mild or moderate ABC move before making new highs. Have my target but that can be looked at later. All the best, S.SAriLongby ssariPublished 0
AAPL AnalysisPrice played out nicely as analyzed last week, mitigating the bullish OB at 191.56. I'm expecting price to give a confirmation right to go higher, but also want to see price going deeper into the bullish OB before a bullish move.by KeeleytwjPublished 3
APPL (WYCKOFF DISTRIBUTION) - Long Term BearJust looking at bigger picture, Apple will be completing Wave 5 soon. Thereafter , things does not look rosy. My thoughts pending WYCKOFF confirmation.Shortby GymveskiPublished 4
Apple under strong resistance at 200$The price could go down towards the ascending oblique support towards $180/182. 2 options from oblique support: - if rebound towards $200 again (watch for a possible breakout) - if more marked consolidation breakout towards $165/167 by UnknownUnicorn66177617Published 14
Apple 1W Wave + ClassicA very early concept and possibility, and so far it has not been proven β οΈ. If the ascent is completed and the peak is crossed, the extension takes us to 208 and then 220.Shortby mmj50Published 0