AAPL Key Technical Analysis and Options GEX Insights-Jan. 28
Technical Analysis for AAPL:
* Trend Structure: AAPL is rebounding from a recent downtrend, testing the upper boundary of a descending channel. The momentum suggests a potential breakout if buying pressure sustains.
* Support Levels:
* Immediate support at $222.78.
* Strong demand zone around $218.20, where previous sell-offs reversed.
* Resistance Levels:
* Immediate resistance at $241.46.
* Critical level at $260.10, aligning with the previous high.
* Indicators Analysis:
* MACD: Displays a bullish crossover, signaling potential upward momentum.
* Stochastic RSI: Overbought at 99, suggesting caution for immediate entries.
Options GEX for AAPL:
* Gamma Exposure (GEX):
* $239: Major gamma resistance, acting as the highest positive NETGEX zone.
* $222.5: Current HVL support.
* $218: Critical PUT support wall with a significant negative gamma weight.
* Call and Put Activity:
* Call Volume: Weighted at 15.6%, indicating bullish sentiment.
* Put Volume: Neutral with slight bearish pressure near $222.50.
* Volatility:
* Implied Volatility (IVR): 60.6, moderate volatility environment.
* Options Oscillator (IVx): Stable at 37.7, favoring bullish setups if the price remains above $222.
Trade Setups:
* Bullish Scenario:
* Entry: Above $241.50.
* Target: $260.00.
* Stop Loss: $222.00.
* Bearish Scenario:
* Entry: Below $222.00.
* Target: $215.00.
* Stop Loss: $230.00.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risks responsibly.
* Trend Structure: AAPL is rebounding from a recent downtrend, testing the upper boundary of a descending channel. The momentum suggests a potential breakout if buying pressure sustains.
* Support Levels:
* Immediate support at $222.78.
* Strong demand zone around $218.20, where previous sell-offs reversed.
* Resistance Levels:
* Immediate resistance at $241.46.
* Critical level at $260.10, aligning with the previous high.
* Indicators Analysis:
* MACD: Displays a bullish crossover, signaling potential upward momentum.
* Stochastic RSI: Overbought at 99, suggesting caution for immediate entries.
Options GEX for AAPL:
* Gamma Exposure (GEX):
* $239: Major gamma resistance, acting as the highest positive NETGEX zone.
* $222.5: Current HVL support.
* $218: Critical PUT support wall with a significant negative gamma weight.
* Call and Put Activity:
* Call Volume: Weighted at 15.6%, indicating bullish sentiment.
* Put Volume: Neutral with slight bearish pressure near $222.50.
* Volatility:
* Implied Volatility (IVR): 60.6, moderate volatility environment.
* Options Oscillator (IVx): Stable at 37.7, favoring bullish setups if the price remains above $222.
Trade Setups:
* Bullish Scenario:
* Entry: Above $241.50.
* Target: $260.00.
* Stop Loss: $222.00.
* Bearish Scenario:
* Entry: Below $222.00.
* Target: $215.00.
* Stop Loss: $230.00.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risks responsibly.
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.