Hello,
Welcome to this analysis about the APPLE Stock - AAPL - on the daily timeframe perspectives. Since the earnings of Apple in 2021 showed up with heavy record numbers that topped the previous earnings numbers by far the stock is in a very interesting condition right now also from a technical perspective. Therefore when looking at my chart, we can watch there how AAPL began with a first initial impulse to the upside which is marked in my chart with wave A. Once this first impulse was completed AAPL showed up with the next wave B which took the shape of a descending channel formation, in this descending channel formation, AAPL formed a wave count from A to C which was also recently completed and ended in the lower boundary of the descending channel formation where several supports are coming together forming this confluence support point that is marked in my chart with the black cycle. At this point, AAPL has several supports such as the ascending trend line, the lower boundary of the potential bull flag and the 100-EMA marked in red. As AAPL already bounced within these supports and initially soared to the upside this can be the appropriate origin of a breakout above the upper boundary of the descending channel and once this happened the channel will be completed as a bull flag from where AAPL will activate the upside targets marked in my chart in the black level. There will be a high likelihood given that these targets will be reached and once happened it will be highly decisive on how AAPL moves on further from there, if AAPL forms a further formation in this structure or firstly reverses to approach lower levels, it will be an interesting development ahead.
In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about the APPLE Stock - AAPL - on the daily timeframe perspectives. Since the earnings of Apple in 2021 showed up with heavy record numbers that topped the previous earnings numbers by far the stock is in a very interesting condition right now also from a technical perspective. Therefore when looking at my chart, we can watch there how AAPL began with a first initial impulse to the upside which is marked in my chart with wave A. Once this first impulse was completed AAPL showed up with the next wave B which took the shape of a descending channel formation, in this descending channel formation, AAPL formed a wave count from A to C which was also recently completed and ended in the lower boundary of the descending channel formation where several supports are coming together forming this confluence support point that is marked in my chart with the black cycle. At this point, AAPL has several supports such as the ascending trend line, the lower boundary of the potential bull flag and the 100-EMA marked in red. As AAPL already bounced within these supports and initially soared to the upside this can be the appropriate origin of a breakout above the upper boundary of the descending channel and once this happened the channel will be completed as a bull flag from where AAPL will activate the upside targets marked in my chart in the black level. There will be a high likelihood given that these targets will be reached and once happened it will be highly decisive on how AAPL moves on further from there, if AAPL forms a further formation in this structure or firstly reverses to approach lower levels, it will be an interesting development ahead.
In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
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►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.