Apple path and directionHello everyone
This is my Apple Idea for Daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
Apple has closed below the channel however price made a double bottom and got back into the channel
but still no good sign of buy yet we need to clear orange resistance to go long
APPL
APPL dip buys according to elliot wave*Investment advice*
Hello all, as you all already know the global economy isn't looking too good especially with coronavirus on the verge of a second wave and extremely contentious elections are causing a very tumultuous market. We are currently in a recession and I believe it will bottom out sometime in 2021 according to the Benner Fibonacci cycle. APPL is currently the world's largest company and I believe it will continue to be so or at least top 5 in the future and I have outlined a detailed Elliot wave pattern and showing two possible bottoms (dips). The zone I have outlined is a great area to buy and the the two paths show where the tops might be depending on how far down the market retraces. Good luck investors.
Looking For Apple EntryWe're looking to enter Apple (APPL) somewhere between $90 - $95 price range.
May take several partial orders to cost average in case of continued selling which is likely.
Still see this as a great entry level range.
As far as Techincals...
MACD & RSI look solid in the red & oversold areas which can point to a potential turn around.
The OBV (On Balance Volume) is nearing oversold share volume also indicating a near bottom.
We'll be looking towards the 100 EMA to cross the 200 EMA to solidify confluences.
It is our opinion this market has some more downside to go... WE"RE SHOPPING FOR DEALS!!
*As always, this is our opinion and does not constitute trading advice. DO YOUR DUE DILIGENCE & KNOW YOUR RISK TOLERANCE!
Apple Stock Monday Update-Strong Support $112.60Team,
Happy Monday, Hope you are killing it today. I wanted to start off the week by following up from our last week. We had several trades bouncing off our $112.60 level. Whether you were buying shares, buying calls, it was raining money. Today we tested the high point of the wedge which I drew in last week. Although the support at $112.60 is very strong, I believe we will trade below it to test a new recent low in the $108.50s-$110 this week before we are off to the races.
Let me know your thoughts. Best of luck! NASDAQ:AAPL