Aaple
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
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 !
AAPL: welcome to post-split - should i buy now ? AAPL opens tomorrow (Aug 31) to the new post-split price, based on Friday's closing, would be around $124.81 -- maybe a gap up or down from there. and what a run in the last 3 weeks!! the excitement around the split caused the stock to breach a channel that's been established in early April - and accelerate higher, until the last week where we saw some profit taking. but still even this didn't cause a significant drop in the price - my optimistic expectations were to split at $460 (post-split = $115), with an upper range of $125 - at one point in time we hit a high of $515 but that was not sustained.
i hope some fellow TV traders managed to capture some of that awesome run. This one was a new BP for me :)
what do we expect now that the split-run is over?
to answer that let's zoom-in to the 2HR chart - we see volume going into supply mode, however the price kept in a range / channel - we also see momentum going into negative zone - but the sentiment is almost at a balance (zero) - this supports a possible scenario of consolidation - and it may take some time for AAPL to build some positive momentum again
- no one can tell how long, cause now with the stock price at a more affordable level (to both retail traders and some fund managers, also option prices are attractive), demand can come in at any time.
- AAPL continues to be a strong tech player from fundamentals standpoint - the catalysts of work/learn-from-home and upcoming 5G + services are still all in play. so AAPL continues to be considered a strong portfolio component for both major & retail investors.
- but can it grow beyond $2T ? i don't see a reason why it can't -- did we believe when it hit the 1T that it will hit 2?
- The big question, should i buy (now)? i would wait for the next breakout above the $125 -- and that's one scenario, the other scenario, given the long term trend and expected growth, is to start scaling in if the price goes down - the $110 to $115 ($440 to $460 pre-split) held well in the past so expect support there if some distribution takes place - i'm leaning more towards an accumulation in the next 2-3 weeks and a move up.
- there's a remote possibility to come back and fill the earnings gap - which takes the stock all the way down to $95 - remote possibility - and if that happens - i will definitely buy more
please stay safe, and do your own research before trading - please do not take any one's advice (including me) about where to put your money.
Quick Note: if you follow my posts, you may see i use the Ultimate Trader Oscillator (UTO) in my trading set up - it is based on "bar scoring" and is published here in TV - if anyone is interested to learn more about how the bar scoring technique works and why i started using it in my trading vs classic indicators (like RSI and ADX) pls let me know - i may post some tutorials if there's demand..
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 profit taking down to $465AAPL has had quite the run lately and it looks like profit taking has begun prior to the upcoming split.
This morning we had the initial move down with a 13 EMA/30 SMA hourly crossover. This is accompanied by a lowering RSI as well as high volume.
Our target is the support at the 61.8 Fib level above $465.
#AAPL - Wave 3 of wave 3 #appleCurrently, wave 3 of the wave 3 may be nearing the end.
Even with the last trillion USD market capitalization, the price corrected quite considerably by around 39% from USD 233.47 to USD 142, thus hitting the 38.2 retracement almost exactly.
Greetings from Hannover
Stefan Bode
Too much hype behind AAPLNASDAQ:AAPL
I just have to LOL at AAPL's price right now. With no change to P/E, there's no justifying this unreal price hike. As the chart shows, this stock has gone parabolic and will inevitably crash. My first PT is 325, but it may run up to resistance at 480-500 first. If AAPL falls below 435, consider the shorts in control.