$Aapl, How about them apples?Smash the like button and the follow button!
This is a follow up to the previous chart posted, also containing a previous days disclaimer as the information still applies(110-112 zone note).
Apple had a huge day today, but many analyst are calling for the market as whole to be heading back downwards, can Apple keep the steam?
Breaking out towards the upside out from a falling wedge, Apple had a CRITICAL day that was necessary for any hope of a recovery soon.
Apple needs to hold this zone and break over 112-113 to confirm a trend change and breakout towards the upside.
RSI has space to run, which is a good thing, but it needs to take advantage this week to get out of these middle/danger zones.
Youll also see there was a partial gap fill that has recently occured (purple zone)
A close directly in the vicinity of the 50 day moving average gives the hint that this one could be ready to head back up, we just need a couple more confirmations via price action, and Apple could be back into a bullish mode.
Aaplelong
AAPL CAME BACK TO LIFE!Hello Traders,
Wild Monday?
We woke up to a rather scary morning with big red everywhere. Knowing we only had positioned for the long side of the market at the Friday close. We were a bit worried but jumped into the market strong.
We grabbed AAPL right at open as it was near the psychological support near $100. It worked in favor for us as we were out of our position from friday in green within the first 30 mins of market opening.
Re-Entered long around $105-106 level.
We also added some put positions for $100 strike at the end of the day to hedge against the potential downside. We could see another leg down to fully test the $100 level but we'll have to see about that.
For now we're long AAPL, FB, MSFT, and IWM. Downside hedge on AAPL and QQQ.
AAPL premiums shot up like crazy today so if you want to join us long make sure you wait for some pull back before you jump in and make sure if you're playing options, get enough time for your expiration.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
Apple Bottomed Out? Watch These Levels Daily $AAPL
Attention has been on $AAPL & $TSLA after they performed a stock split.
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The stock currently sits above what has proven to be strong support @ $106.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe.
Possible long on a break of downtrend with resistance @ $110.
Upside targets: $120 - $128.
Possible Short Entry: $99
Caution needed in this stock as we have a H&S pattern forming.
DotcomJack | Michael Jordan of Stonks
Expectations on AAPL at the opening : 2 scenarios explanation.The stock has broken a small Range, and pullbacks on it, the pullback is also coinciding with the VWAP:
- If the VOLUMES continue in green and break the VWAP from above, the prices may enter the rectangle to reach the previous range and break the orange dotted resistance,
-> opportunity to BUY and hold for a short period of time.
- If the Market fails to enter the rectangle range and bump into the VWAP to go down,
-> I recommend to SHORT due to the weak presence of buyers, and the strong reaction from sellers.
WHAT TO DO?
See the first two or three candles reaction on VWAP, it will indicate the dominant VOLUME, and where the market tends to. Good luck traders!
$AAPL upside to $137.54 (Wave 2) before $93.5 (Wave 3)Both $120 & $113 targets been hit.
$AAPL peaked with $138.52 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside.
In Wave A, total 5 waves will be there and today done with Wave 1 from $138.52 to $111. Now, it'll resume Wave 2 to $137.54.
And in case market goes red on next week due to bad news then cannot rule out that Wave 1 can extend to $109.
Good luck.
Obviously NO place to sell AAPL since the splitDespite the sharp increase (and the bullish gap caused by the split of the stock), the stock could correct but it won't be a big problem for investors, since the overall behavior of the stock AAPL is in an uptrend. So why not Road to 159.48 !
Let's see what volumes will do !
DOWN ON UPTREND LINE THEN PULLBACK UP - VERY SOON - AAPL - DAILYFrom the last analysis on the AAPL we can see that the market has decided to get out the range on 30MN for a very long uptrend.
The last decisions have impulsed the price of AAPL in an exponential move.
BUT, we have seen last week a push from sellers, a very strong one, probably showing a zone in which you can start thinking of taken your profits.
The former resistance center dark blue uptrend line becomes now a strong support. The is strong probability to see the market coming back to it for a pullback.
Still, the market have some room to another horizontal level, less like ly to happen now, but still possible, it is markets by a black dotted line with red dots at the end. This level has been the key point where the buyers kicked out all seller. They then disappeared, now they are back but different people, those present now are the ones getting there profits from the last exponential move.
The next month will see some nice movement on AAPL, all the red lines on the graph are probable good entries for a long direction trade, that is why this post will be market as a LONG direction probable trend overall even if we will see a little slope before the next rise.
AAPL Signal UpdateAAPL might breakout soon to $375, its following the weekly trend line very nicely, this signal is still good and you should be in a good bit of profit for anyone still following it, like I am, for all signals always watch for any reversals so you can sell out at a high point and buy back in at a lot point to maximize gains, aka I gave signal out at about 350, sold 367, got back in at around 356, and its now at around 362, tomorrow possible 375, and ill sell it then buy back in at a lower price, just watch for reversal signals, rsi in supply zone, and macd crossing over.
DM me any questions, or if you want to join the paid trading group
🍏 The Big Apple, No Signs Yet. (AAPL)💰 LET'S GET INTO SOME APPLE ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐮 Bullish
- 3day Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
Everything on this one still sits green with no interest to play it yet even based off of the overall current look on the market. On to the next. Check later.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
APPLE LONG Trading PlanApp Store revenue is booming as people stay at home. Analyst expects increased App Store downloads and in-app purchases to bring in an extra $500 million in revenue for Apple's third fiscal quarter. And if that revenue is driven mostly by subscriptions, as has been increasingly the case for Apple, it could mean a permanent step up in revenue for the high-margin services business.
Key Trading Plan:
i) LONG when the price reaches the pull back area at 326.14 with the target Take Profit point at 360.
Author:
S.I.D. Aizu