Apple Moving Lower for LongerAPPL (1D) - Quick Analysis
Price Chart
Apple's price action has filled it's August gap (White Dotted) and turned lower pushing past the 12, 26, and 50-day EMA's in one swoop. Both RSI and OBV have created trend lines (Yellow Solid) that the indicators look to be respecting with failed retest; as RSI is on the verge of pushing below the 50 level.
What Seems Legit?
This bad boy finally cooling off. It's up 60% YTD. First retest it's 200-day EMA then retest it's major trend line and some good chaos in-between.
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Chart Key
Yellow Solid = Trend Line
White Dotted = Gap Fill
Green Boxes = Supports / Target Areas
AAPL
Part 2 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Part 1 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Apple -> Now Getting Long!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and considering that this level is the previous all time high I certianly do expect at least a short term bullish rejection.
However on the daily timeframe everything is still looking quite bearish - therefore I am waiting for a break and retest of the $183 daily structure level before the daily timeframe is also ready for more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
AAPL - Rising Trend Channel [MID-TERM]🔹Breakdown support of rising trend channel in the medium long term.
🔹Target price of 193 was achieved after a breakout the Inverse Head and Shoulders formation.
🔹Support at 174 may indicate a POSITIVE reaction, while a break below this level indicates a NEGATIVE signal.
🔹 Technically slightly POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Short Trade in AAPLApple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching higher since January.
But that ride is over. The stock fell 10% in a week and still failed to attract buyers. It finally broke down last week before reversing higher.
But that rally failed. And AAPL is again breaking through short-term support.
Traders may consider selling short AAPL stock here in a bet that it will go lower still. This is a very low-risk trade since you could place a buy stop at $182 and risk less than 3% on the trade.
Given the high price of the stock, it may be easier to simply buy a put option, like the AAPL $175 put that expires on October 20.