AAPL - Weekly View - Bearish Continuation - Don't Be FooledWeekly view of AAPL confirms downtrend is just beginning.
RSI trend is about to be broken. Weekly RSI is overbought at 76+.
Bullish trend is overextended. Weekly Bullish trend has been going since Sept.2nd week.
16 weeks bullish trend was longest recently (after December 2018 selloff). 12 Weeks is overextended.
AAPL is hitting blue resistance line which has multiple contact points back to 1999. See AAPL Outter Space chart below.
Hash Ribbons show that capitulation has started.
Based on this I have increased my Puts into January. Jan 17 2020 Puts $255 Strike.
I see AAPL going down for several weeks based on the info above and previous trends.
This also confirms for me that SPY should continue down as AAPL is a major SPY component.
If you compare AAPL and SPY (SPX) they are identical in both price action and indicators. One fall-both fall.
AAPL Outter Space Chart
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU.
Aaplshort
AAPL - Just Turned Bearish on WeeklyWe are in a good position to enter a downtrend for AAPL. This fake news about China will not hold.
Chart shows we are at end of pattern on Weekly view.
White uptrend line just broke this week.
RSI trend on Weekly view just broke to downside.
Filter Dots confirm downtrend has begun, even though today we see a little rebound upwards.
We should be crossing the 10WeekMA in the next week to confirm the downtrend continues.
I have chosen to add to my AAPL Puts into the Jan 17 2020 contracts at $5.45 each (entry price based on Black Scholes).
We should be able to play 30 day - 40 day expiration periods to conserve margin/cash.
Options 60 days out are about double price of 30s.
Once AAPL takes a downturn, SPY will fall as well with AAPL being a major component.
MSFT, AAPL, SMH, and other tickers are all following same pattern and news cycle. This shows their correlation.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
AAPL - Finally Making Turn DownAAPL is very close to breaking white trendline support - Wednesday or sooner.
Price may pause at yellow line (ascending wedge pattern support line), but I feel will continue lower.
Cross of 10WeekMA and break of pink channel support line will confirm downtrend. Watch RSI for continuation.
Price should not go much lower than bottom blue line (which is long term support shown in AAPL Outter Space chart below).
I will update as we fill gaps.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Apple Bearish ButterflyGood evening,
Apple has been in a very very long term uptrend and we are getting severely overbought. We are also approaching areas of probable price reversal between the 1.414 and 1.618 fib extension.
Entry is between $271.34 and at the safest potential entry at the 1.618 at $290.00 flat for a short.
Stop is dependent on the entry, but with a $290.00 short entry, a stop would be placed for around an 8% loss ($313.00) to maintain the 1:3 risk/reward ratio. You may lower the stop if you'd like.
Exit Targets are common retrace targets and at wave B of the Bearish Butterfly at $215.31.
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AAPL - $280 Max before Downturn - 12/1 or soonerAAPL is maxed out on multiple indicators.
RSI is almost at highest recorded - 83.
MACD maxed out ready to flip.
Filter dots show bullish trend is exhausted and can turn down any day now.
Price is almost at blue resistance line from 1997 to Present.
$280 price point is almost unattainable with given circumstances, but this is highest possible price I see (overshoot) from euphoria.
The higher we go at this point, the more severe the selloff will be in my opinion.
Options expiry 12/20 and also 12/27. I am playing the pre-Christmas possible selloff.
By 12/1 or sooner I expect to see AAPL downturn. If we do not see this, I will buy other Puts further out and keep current puts.
Risk reward is favorable here with situation of AAPL, trade news, chart, price, etc.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
AAPL - Outter Space - Waiting to FailLog chart shows AAPL has fairly predictable chart within the blue lines.
Patterns within the blue show short-term repeating trends.
AAPL is current at the end of pattern of short-term trend.
This chart is for reference to have a longer term view.
I will update a closer viewpoint.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Bearish Butterfly on AAPLWe can see that the stock is forming probably bearish butterfly harmonic pattern here on Daily chart. Confirmation on 80 RSI level. We will wait and watch it every day, that when i will be forming in blue demand zone. The maximum of supply is 290.00 price at 1,618 Fibonacci retracement level. When it will be forming candlestick pattern SHORT it to the 250 price (take profit). Be careful. Happy trading. -DaveGoody
AAPL - Overbought and Ready for Xmas Selloff / Profit TakingPrice target was raised on AAPL right as RSI is topped out and price trend is ending.
Price trend is currently over 45-degree angle (unsustainable).
Previous price trend shows same pattern, followed by 29 day and 79 day downtrend.
All red boxes are unfilled gaps in price which should get filled. I believe we may retest the 200SMA.
Buying puts 30-60 days out is best in my opinion.
Everything is pointing to profit taking before end of year.
CNBC Yesterday - www.youtube.com
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.
Apple Short Opportunity - Great Risk RewardI was able to predict the bottom of Apple accurately (See my related idea below), now lets see if I can predict the top.
Apple is currently right beneath a weekly trendline that has been resistance since 2012. It is also at the 1.618 fib which is a common spot institutions choose to take profit and/or short.
The stoch hasn't crossed over yet, but it is certainly in overbought territory.
This is a great risk reward short, however keep in mind shorting here would be shorting into strength. As in my idea below where I predicted the bottom of Apple, that was buying into weakness. It doesn't always work, but when it does, the reward more than makes up for all the predictions that don't pan out.
Will Apple begin to Fall?Hello, Traders!
Monfex is at your service and today we overview Apple .
AAPL is forming an ascending wedge which target is the local support zone and 50% Fibonacci with MA200. It also can be a double top pattern inside this wedge .
The local resistance zone ~ $249.6
The local support zone ~ $235
Market Cap
1124.191
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
APPLE (AAPL) | Take Profit Area For Short-, Mid Term Holders!Hi,
If you have struggled to take out some profits from Apple then here is a possible hint for you.
It could be also a possible "short" opportunity but definitely, if you have a "long" position and you cannot hold it for the long term (you need money or something...), then the area between $250-$260 should be your TP.
Several channels upper trendlines starts to work as a resistances. The middle number of $250 should play an important role in this area. Some AB=CD pattern D points are inside the marked area. Basically, this area can stop the current rally.
Regards,
Vaido
$AAPL Interesting Long term scenario(Possible NOT Probable!)$AAPL -- The Monthly Log Chart shows a very very long term channel at top line as well as a very big bearish divergence on the RSI... The only way a move back to the bottom channel line would be possible is if for some reason $AAPL ceases to innovate (they pretty much already have LOL) and becomes the next 'Nokia' or 'Blackberry'. Keep in mind, this isn't likely to happen at all, just think its an interesting scenario to think about...
SHORT - AAPL - Trading OpportunityATH resistance being tested for the first time here on NASDAQ:AAPL , big chances that it fails to break it, as a couple of bearish divergences have been formed along the way.
Entry: 227.73
Target 1: 209.33
SL: 234.2
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AAPL : Sideways to BearishFor next week AAPL : Sideways to Bearish, But Longtrend is Bullish
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Apple in massive rising wedgeHello fellow traders. Thought i would share this idea for Apple. I'm seeing a very large, very clean rising wedge for this stock. recently, Apple has flipped a major resistance (top purple line) and made it support. This would ideally setup Apple to retest it's all time highs, but, the buyback after tapping this line has been pretty weak. The more this line gets tested, the higher chance it breaks through the bottom and heads towards the solid yellow line of our rising wedge. It should also be noted that volume looks very Bearish . which confluences with a major pullback coming. My ideal buyzone for Apple in the long-term would be anything in the $175-170 region, this chart shows solid resistance turned support at that region. Also, If you take a look at my weekly Apple Parabola idea linked below, you will see that this zone should offer nice support, and i would have no problem buying at that price.
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APPLE (AAPL) Short OpportunityHi guys its Brian here with a Short setup for APPLE (APPL)
As you can see from the chart, APPL is falling down hard for 3 days straight. Long red bars like these indicate that there is a lot of volatility and selling pressure and the price is very likely to continue dropping further.
I have identified a good price level to take profit for the short term and longer term as well.
Take Profit: 190
TP2: 180-183
Stop Loss: 210.3
www.brianchai.com
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