AAPL Hits a Critical Level! Prepare for Key Moves for Jan. 6Technical Analysis (AAPL - 1H Chart):
1. Price Action:
* AAPL is trading near the $243 range, showing signs of consolidation after a significant decline.
* The stock is testing critical support at $241, with immediate resistance at $247.5.
2. Trend Lines:
* Downward sloping trendline indicates ongoing bearish pressure.
* Break above $247.5 could signal a reversal, while a breakdown below $241 might trigger further downside.
3. Indicators:
* MACD: Slight bullish crossover, suggesting potential momentum shift to the upside.
* RSI: Neutral territory, indicating no immediate overbought or oversold conditions.
Gamma Exposure (GEX) and Options Analysis:
1. Key GEX Levels:
* Call Walls:
* $247.5 (24.19%) - Resistance where significant call activity is concentrated.
* $252.5 (8.01%) - Next resistance zone.
* Put Walls:
* $241 (Highest negative NET GEX / PUT Support) - Strong support zone.
* $237.5 (-11.48%) - Key downside level if $241 breaks.
2. IVR and Options Data:
* IVR: 38.2 (Moderate implied volatility rank).
* Put/Call Ratio: Higher PUT interest indicates cautious sentiment among traders.
Scenarios for Tomorrow:
1. Bullish Case:
* Break above $247.5 could trigger a rally toward $252.5.
* Entry at $247.5 with a target of $252.5, stop-loss at $244.
2. Bearish Case:
* Breakdown below $241 could lead to $237.5 or lower.
* Entry at $241 with a target of $237.5, stop-loss at $243.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult with a financial advisor before trading.
