#AAPL relative strength against market has broken downAll pointers on the chart. Rejected against 200ema and anchored vwap points. Trading < 200 dma's. Volume substantially declined on recent rally which shows weakness from the bulls. Biggest point of all is that the relative strength against the SPY has broken down, so this chart spells weakness everywhere for me. Unless we can get back above $152 i think this remains a short the rally. Wild projections out there that we could go as low as $100 but i am not suggesting that. For now i think any strength is shortable as technically this looks weak. Supply chain/China factory issues just adds to the fundamental weakness.
Aaple
Apple found support at $135.Apple - 30d expiry - We look to Buy at 135.03 (stop at 129.74)
Levels below 135 continue to attract buyers.
We look to buy dips.
We look for a temporary move lower.
Posted a Double Bottom formation. A lower correction is expected.
Bespoke support is located at 134.50.
Our profit targets will be 148.28 and 150.28
Resistance: 155.00 / 160.00 / 164.00
Support: 146.00 / 138.00 / 134.50
Disclaimer – Saxo Bank Group.
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AAPL Apple Inc Options Ahead Of Earnings If you haven`t sold after the exposure to China and Russia article:
Then you should know that looking at the AAPL Apple Inc options chain, i would buy the $150 strike price Calls with
2022-10-28 expiration date for about
$2.85 premium.
Looking forward to read your opinion about it.
AAPLEHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AAPLEHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AAPL: Could it reverse the bear trend? Let's see.• AAPL is in a bear trend, but the $148 area is the first key support;
• If AAPL reacts and breaks the $153, it’ll trigger an IH&S chart pattern, with a target at $158.72. Remember, if AAPL reacts, for now, there’s no evidence pointing to this direction.
• In the daily chart, AAPL is stabilizing, and we see that the $148 area is visible in this time frame as well;
• To me, the key point is the $148, and is AAPL loses this key point, it’ll seek the next support at $141.92;
• It all depends on how it’ll react in the next couple of days, if it’ll trigger the IH&S chart pattern seen in the 1h chart or not.
Remember to follow me for more analysis like this! Keep in touch.
AAPLHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AAPLHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Apple stock is now more like a bond than a growth machine. $aaplApple is more affected by interest rates than its future growth prospects. I know its sounds surprising, because most of us believe apple is still a growth company like it used to be. But the analysts are telling us the growth is slow going forward and yet the stock is still relatively expensive PE and Price to Sales wise. It only makes sense if you compare the apple earnings yield to what the treasuries rates are doing. Apple is now a mature cashflow company and essentially a mature earnings bond. That matters now because the FEDeral Reserve is on a inflation fighting rampage, raising rates and forcing stocks to have higher discount rates.
#aapl #apple
AAPLHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AAPLHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AAPLHELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Apple up for the next 2 weeks
Raise your hand if you want to know what's AAPL gonna do next.
I see an impulsive structure (12345) currently being in wave 4. Fallowed by the final wave of the sequence, wave 5.
So I would see AAPL going back to the $175 level unless it truncates. Truncation is of corse a possibility but it usually rare.
After 5 waves we are always expecting a correction.
If you want more analysis like this please let me know.
This is my opinion and does not constitute financial advice.