Apple - Still Outperforming Everything!Apple ( NASDAQ:AAPL ) is stronger than 99% of stocks:
Click chart above to see the detailed analysis👆🏻
Despite the recent stock market weakness, Apple is trading at new all time highs. This clearly indicates that buyers don't let this stock down but are rather buying every dip. Even though Apple is retesting a channel resistance, a breakout followed by a rally is definitely possible.
Levels to watch: $230, $280
Keep your long term vision,
Philip (BasicTrading)
Aaple
AAPL Technical Analysis and Trade IdeaOn the monthly time frame, #AAPL exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, a base formation becomes evident. Specifically, we observe a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation.
As we continue analyzing the shorter timeframes, we notice a potential shift in the current downtrend. This change in character suggests the possibility of a structural break. My focus lies on identifying a buy opportunity if we witness a breakout and subsequent retest of the previous high on the 15-minute timeframe.
However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape, in addition to your technical analysis. Implement sound risk management strategies to safeguard your capital.
Disclaimer: This analysis provides a technical perspective on AAPL and should not be construed as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
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:
Apple -> Will It Hold Support?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.
The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180.
I am now just waiting to see how Apple reacts at the current level considering that we are once again retesting the bullish trendline - so far market structure is still bullish but if we see a break lower, the daily timeframe looks like a correction is inevitable.
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:
Apple -> Watch This Potential PatternHello 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.
The weekly timeframe on Apple is showing some overextension towards the upside and Apple hasn't retested the 0.236 fib level yet so we could indeed see a short term pullback now.
Apple could also created a solid double top on the daily timeframe and if Apple stock also breaks below the solid uptrend line we could certainly see a short term move lower to retest the previous all-time-high at the $180 level.
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:
Apple -> New All-Time-HighHello 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.
The weekly timeframe is also showing that Apple is not slowing down at all, there are barely any red candles which means that buyers are 100% in control of the overall bullish market.
And after Apple gapped higher on Friday, the daily timeframe is certainly ready for a short term technical pullback to fill the gap, but then there is definitely a higher chance that the next move on Apple stock will be again towards the 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:
Apple -> Pump Might Be Over NowHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite massive previous weekly resistance area at the $180 level which is now definitely pressing price lower.
You can also see that over the past couple of weeks, Apple had a massively bullish rally of about 45% towards the upside without any real correction, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside continuation.
On the daily timeframe you can see that market structure is still massively bullish overall, there is no sign of Apple stock slowing down yet, so I am simply waiting for some bearish rejection at the current levels before I then do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Leading The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is approaching a quite obvious previous weekly resistance zone at the $180 level which is now turned resistance again.
You can also see that over market structure is still massively bullish, I am also definitely expecting new all-time-highs on Apple so I am now just waiting for a short term rejection and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Apple stock is still creating bullish market structure with the recent break and retest of the $175 level, so there is still no sign of Apple slowing down, so I will just wait for a short term correction before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Short Term TopHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently approaching a quite massive previous weekly resistance area at the $175 level which is now turned strong resistance once again.
You can also see that over the past couple of weeks, Apple stock had a rally of about 35% towards the upside without any noticable correction, so I am now just waiting for a short term rejection away from the resistance area and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Apple stock is still creating bullish market structure and moving averages are also massively bullish, so I am now just waiting for some consolidation and bearish pressure before I then do expect a short term dump away from the resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Breakout Baby Let's GoooHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently breaking out of a multi-months long consolidation phase with the previous resistance being exactly at the HKEX:165 area.
You can also see that from a weekly perspective, market structure is extremely bullish, we have the next strong resistance at HKEX:175 so I simply do expect more continuation towards the upside from here and eventually a break above the resistance and also new all-time-highs for Apple.
On the daily timeframe you can see that with today's candle, Apple stock is breaking above previous daily resistance which is now turned support so I am just waiting for a retest and some bullish confirmation before I then do expect lots of continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Short Term ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside.
On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AAPL bullish play ideaAAPL is onto big things 2023-2024!
Apple is a technology company that designs, manufactures, and sells consumer electronics, computer software, and online services. The company is well-known for its innovative products such as the iPhone, iPad, and Mac computers. Apple is also one of the largest companies in the world by market capitalization, with a strong balance sheet and a history of generating significant profits.
Over the past decade, Apple's stock has performed very well, with the share price increasing more than fivefold from around $50 per share in 2010 to over $250 per share in 2020. Apple has consistently delivered strong financial results, with revenues and earnings growing steadily year over year.
There are several factors that have contributed to Apple's success and strong stock performance. One key factor is the company's focus on product innovation, with a track record of releasing popular and high-quality products that have captured a loyal customer base. Apple's brand strength and customer loyalty have helped to maintain strong demand for its products, which has translated into strong financial results and stock performance.
Another key factor is Apple's financial strength and stability. The company has a large cash balance and generates significant free cash flow, which it has used to invest in research and development, acquisitions, and share buybacks. This has helped to support Apple's growth and profitability over the long term, which in turn has translated into strong stock performance.
AAPL stocks are always bullish.
Apple -> The Bulls Are StrongHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock just recently perfectly broke above a key previous weekly resistance area exactly at $155 and now after this break all of this previous resistance is turned support.
You can also see that we have a long term downtrendline coming in exactly at $165 which is turned very strong resistance again, so I am now just waiting for a retest of the $155 support area and then I do expect a move to retest the $165 resistance line.
On the daily timeframe you can see that my last analysis on Apple (linked below) already played out nicely, I am now just waiting for a minor break and retest of the current resistance area before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> All Eyes On The BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is once again retesting the quite strong resistance area exactly at $156.
You can also see that this is already the fourth retest from a weekly perspective and the more often we actually retest a zone, the higher the likelihood that we will eventually break it, so from a weekly timeframe I am now just waiting for a breakout above the resistance and a retest and then definitely the continuation towards the upside.
On the daily timeframe you can also see that Bulls are always trying to push Apple stock above the resistance, I think that we are definitely ready for a breakout with my next upside target being at $165.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Could It Be More Obvious?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term rejection away from the support zone and then the longer term continuation towards the upside.
On the daily timeframe it seems like today's candle will close with a massive rejection wick, indicating selling pressure so it is quite likely that we will see at least a short term rejection away from this resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Is This The Top?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Apple stock just recently tested and already rejected a very obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are having a bullish weekly ema crossover, however I personally think that we will retest the next support area at $135 before then creating the continuation towards the upside.
On the daily timeframe I am now just waiting for a clear break and retest of the previous support zone which would then be turned resistance before I then do expect a next short term impulse towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> New All Time Highs ComingHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Over the past couple of weeks Apple stock had a quite nice pump towards the upside, again rejecting a massive weekly previous support zone , so this recent rally was definitely not unexpected.
Currently we are quite overextended towards the upside and also retesting a resistance zone ; therefore I do expect a short term retracement but then the longer term continuation towards the upside.
From a daily timeframe I am now just waiting for a retest of the next support area from which we could then definitely see the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple Analysis 24.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple Analysis 03.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
short call spreads working in dow index DIA on mean reversionIts not a good sign when the dow is getting bid up more than the growth sectors. Could be implying investors and institutions DIA who have to buy stocks are preferring blue chip dividend payers because they dont see growth in the near term. QQQ AAPL
Apple Analysis 14.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis: