APPLE: Long entry with target area 196
Good morning trader, today I share this view on Apple which leads me to increase my medium-term positions and open a short-term position.
In this analysis I predict that in the next few days the price may reach the area of 196 where the previous highs are located.
In favor of this entry there are several reasons given in part by signals and indications provided by my personal indicators, including LuBot which shows a Long signal on a candle that comes out above the positive TrendCloud that supports prices in recent weeks. The current candle is yellow so the short structure has returned positive (SBS signal) and this also happens in the TF daily as seen below.
We also have an area of support given by previous highs which has kept prices above around 173 points for most of the time and now we see a positive break of the descending trendline that united the highs of the last few weeks.
To integrate and support a Long entry, secondary indicators come into play including the Predictum which shows positivity for the month of November, LuTrender is positive on both Weekly and Daily and finally EVE seems to be ready for an increase in volatility and therefore could see a quick market breakout in the next few days that could bring prices into the target area of 196. I could expect one last retracement to the support area before the extension.
In this analysis I predict that in the next few days the price may reach the area of 196 where the previous highs are located.
In favor of this entry there are several reasons given in part by signals and indications provided by my personal indicators, including LuBot which shows a Long signal on a candle that comes out above the positive TrendCloud that supports prices in recent weeks. The current candle is yellow so the short structure has returned positive (SBS signal) and this also happens in the TF daily as seen below.
We also have an area of support given by previous highs which has kept prices above around 173 points for most of the time and now we see a positive break of the descending trendline that united the highs of the last few weeks.
To integrate and support a Long entry, secondary indicators come into play including the Predictum which shows positivity for the month of November, LuTrender is positive on both Weekly and Daily and finally EVE seems to be ready for an increase in volatility and therefore could see a quick market breakout in the next few days that could bring prices into the target area of 196. I could expect one last retracement to the support area before the extension.
LuTrader Garage : linktr.ee/LuTraderGarage
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