Technical 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.
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.
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.
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.