AAPL Pullback coming?AAPL pulled back down to the 6DAY SMA and bounced back as the whole market also bounced back from the low. Here are my notes and what to watch out for:
-Looks like wave 3 of Elliott Wave has ended and looking for a slight pullback to form that wave 4 before another leg up.
-Watching the 21DAY SMA for a bounce or all the way down to .382 fib retracement.
-I would wait for confirmation and if the overall market continues to move higher.
-A small pullback would be healthy and would have more conviction on an ER run up to 150
NASDAQ:AAPL
Aapllong
$AAPL Up we go!
My 1 month price expectation.
1. Most optimistic expectation: 1 month tendency is bullish, if price respect the pattern, we expect 1 month price to be in the range of $148 - $151. Price will linger around the previous resistance line of $134 and $134 then continue to go up towards the $148 - $151 range.
2. Most probably expectation : Price stay between the 2 previous resistance line of $134 and $143 range until end of July 2021.
3. Most pessimistic expectation: Market correction happen, price fall back to previous support line of $127 - $118 range.
Apple offers an excellent risk reward ratioAAPL might be a hated stock currently.
Everybody is a yield rate expert nowadays and the narrative that all tech must crash, better today than tomorrow is told everywhere you listen.
However, if we look at it from a risk reward perspective, it offers an excellent entry currently.
Stops could be placed as tight as 115, with an upward potential of 155, making us a nice 7:1 dog on our bet...
I mean, come on, the bullish flag is even upwards.... :)
Breaks out of 130, then tendies!Hello traders and investors, let's talk apples. It rose an astonishing 6% in one day with after hours, which aapl has never done for 2 months. It is amazing seeing it drop so much and recover so quickly. With the breadth of AAPL, I believe that breakout is now. If it breaks above 130 and the wedge pattern, then a consolidation then TENDIES! TENDIES! TENDIES! Warning! i am not a financia adviser and take this with a grain of salt. Happy trading and investing! AAPL TO THE MOON!