APPL
APPLE ($AAPL): Should We Buy the Dip (if We Ever Get One)?✨ New charts every day ✨
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Apple is coming off of good earnings and their new series of upcoming iPhones was just leaked (so far there seems to be a warm reception). With a strong uptrend and a monster of a company, it seems unwise to do anything other than look for a long position. With that in mind, one could argue the tech sector is a little overextended and running right into resistance here, not only is that true for the sector, it is also true for AAPL as well. The bet here is that despite tech and Apple being bullish overall, a pullback for Apple if not the whole sector is in the cards first. The goal would be to find an entry at support and ride this monster of tech back to resistance if not beyond to new all time highs.
Resources: appleinsider.com + www.earningswhispers.com
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1. Fractal Trend is showing a strong uptrend (Aqua bar color) on the 2 hour chart. The pullback to the S1 and S2 support levels should still be contained within the uptrend and not initiate a trend change (bar color change).
2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue).
3. There are two really clear levels of resistance from the range formed in the earlier part of the year. We are looking at those Bearish levels (Red) to initiate a healthy correction to our S1 and S2 levels.
4. With that all in mind, we will exit positions if Fractal Trend changes color, at any point. This will help to lock in profits and limit risk if Apple can't retain its uptrend.
Technical analysis APPLE INC. H1TRENDS
Short term: HIGHLY UP MY GOALS : 320.11 USD (+ 3.22%) / 327.20 USD (+ 5.50%)
Background: HIGHLY UP
83% UP / 0% SELL / 17% NEUTRAL
MY OPINION
UP ABOVE USD: 302.64
MY ANALYSIS:
The uptrend is currently very strong on APPLE INC .. As long as the price remains above the support at 302.64 USD, we could seek to profit from the surge. The first bullish target is located at 320.11 USD. The upward momentum would be revived by a break in this resistance. Buyers would then target the next resistance located at 327.20 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible short-term correction. If this is the case, remember that trading against the trend may be more risky. It would seem more relevant to wait for a signal to resume the trend.
The listing of APPLE INC. is 310.13 USD. The price recorded an increase of + 2.10% on the session and traded between 304.29 USD and 310.35 USD. This implies that the price is located at + 1.92% of its lowest and at -0.07% of its highest.
Technical analysis of this 1H graph from APPLE INC. indicates that the overall trend is strongly upward. 92.86% of the signals sent by moving averages are bullish. The overall trend is reinforced by the strong bullish signals given by the short-term moving averages. The Indicators scanner does not detect any detection on the moving averages that would impact this trend.
The study on technical indicators highlights a strong bullish signal.
Technical indicators:
RSI (14): 73.41
MACD (12,26,9): 3.1500
Directional Movement: 16.62
AROON (14): 100.00
DEMA (21): 308.67
Parabolic SAR (0,02-0,02-0,2): 304.43
Elder Ray (13): 2.98
Super Trend (3,10): 303.19
Zig ZAG (10): 310.13
VORTEX (21): 1.1100
Stochastique (14,3,5): 89.99
TEMA (21): 308.93
Williams %R (14): -2.63
Chande Momentum Oscillator (20): 7.24
Repulse (5,40,3): 1.2500
ROCnROLL: 1
TRIX (15,9): 0.1500
Courbe Coppock: 3.47
Moving Averages:
MM7: 298.30
MM20: 286.56
MM50: 271.23
MM100: 288.85
MMexp7: 307.53
MMexp20: 304.44
MMexp50: 298.45
MMexp100: 290.89
Cours / MM7: +3.97%
Cours / MM20: +8.23%
Cours / MM50: +14.34%
Cours / MM100: +7.37%
Cours / MMexp7: +0.85%
Cours / MMexp20: +1.87%
Cours / MMexp50: +3.91%
Cours / MMexp100: +6.61%
#APPLE #APPL Full Top Down Analysis & Trading PlanTraders, Like Snp500, Tesla, Uber, Apple is also creating similar pattern. We have a bearish bias but we will have to wait until we get a good confirmation to go short.
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Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
3 Charts of the Day - DIA, APPL, and ETHI did not post this morning because I was interested to see how the markets would sell off. The market did not disappoint. A week ago I posted on how the SPY would be stubborn to break down and it surely has been.
The attention this week has been on the energy sector (RIP to those May contract holders) which has been devastated to say the least by the COVID-19 Pandemic. Which the attention stays with energy, I think we could see some great buy opportunities this week in equities and possibly crypto.
Above is the chart for the DIA, a Dow Jones Industrial Average ETF. It is approaching a confluence of support of the 0.236 and the previous high set a $224.96. The controlled manner of the current 'selloff' has me skeptical of continuation beyond this point.
Earlier I mentioned possible opportunities to buy some equities. Apple may be one to check out. This chart shows how Apple, like the DIA, is attempting to retest the high from earlier in the month. If you do consider going long, do keep in mind the heavy resistance overhead. Keep tabs on your stops.
The last chart is my speculative play of the week. My goodness has Ethereum been stubborn!
Though volatile in spurts, crypto in general has been a snooze fest this month. I guess that's what you get when half your value is lost in less than a week. Ethereum, like the broad market is approaching resistance. The pattern of this rally is indicative of an ABC correction. I'll be selling the red box if we get there this year...
Apple; Breakout or Fakeout?HEADLINE: Breakout or Fakeout?
TICKER: APPL
SUMMARY: Last time we got a buy signal on Apple (APPL) it was a false breakaway event. Currently we are watching for another false breakaway with plans for what happens regardless of which direction price goes.
STRATEGY USED: Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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DESCRIPTION:
1. Fractal trend (Green background) is showing Apple in an uptrend and Breakaway Scalper (Green bar color) has confirm a long signal.
2. Last time this combination occurred as highlighted on the chart it was a false breakaway and quickly turned into a shorting opportunity (Red background and Red Bar color). We are generally watching for this to occur again.
3. Otherwise, we are looking for either a retest of the bullish order block S1 support or another test of R1 resistance where price is currently conslidating.
4. If R1 is broken, Apple has a chance to rally to the levels indicated at R2 and R3, above that is an all-time-high for Apple.
5. If S1 is retested then we could look for a reaction off that and a retest of R1.
6. However, we will be looking for a confirmation of a short position if we head to S1 and will be looking for a break below S1 with S2 and S3 as the next targets.
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NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
The Perfect APPL Entries!! Promising Reward to Risk!
Im back!!! Hey traders sorry its been a while since i publish on TradingView but make sure you follow me and be on the look out for my new stock calls coming out weekly. If your a new or old trader/investor looking to purchase NASDAQ:AAPL then the following information will serve you well.
Currently NASDAQ:AAPL is trading at $277.97 at the time of this writing. Market volatility levels are at record high plus Coronavirus fears are creating havoc across markets making for an ideal trading environment for the savy investor which knows what to do. Now if you don't know what to do, let me help you a bit. Let's get straight to it!
You and I both know that NASDAQ:AAPL is fundamentally one the most stable companies if not the most stable company in the world with a cash holding of $245 billion dollars. As well as a remarkable financial statement & balance sheet showing nothing but future growth with out a doubt. NASDAQ:AAPL numbers sure do ALL the talking on their own.
So what does all this mean for a trader?
This creates the perfect opportunity for a pull back entry that allows traders to purchase the most powerful company in the American stock exchange at a much lower price than it currently averages at.
**Disclaimer**
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:AAPL
Fundamental Analysis = LONG (BUY)
Technical Analysis = SHORT-TERM SELLING
Sentimental Analysis = Market fears currently higher than confidence.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced with a spike below the 23.6% level at $284.07. Markets are still showing downwards momentum that is headed towards the 38.2% level or $256.95.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $284.07 (BUY)
38.2% = $256.95 (BUY)
50.0% = $235.05 (Great trade opportunity) (BUY)
61.8% = $213.12 (What i consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $181.92 (ABSOLUTE BARGAIN!!) (BUY)
Take profit: $327.85 at the previous ATH. (All Time High) Be patient and trust the process. This monster of a tech stock will most definitely return to break more records in the upcoming months when the continuation wave arrives.
APPLE - APPL 130% RunSince Dec 2018, we have seen Apple go on a 130+% run. Absolutely spectacular. Share buybacks, dividends, growth...an absolute homerun of a stock. So where are we going from here.
Technical Analysis:
1. On the weekly chart, Appl RSI is in overbought range and we're seeing a slight turn on the MACD, so some sellers are taking profits (more of this below).
2. We would like to see Apple find a new support range. Looking at the top of our uptrend channel or around the $255 price level. Wouldn't consider buying anything higher yet for a long term position.
Fundamental Analysis:
1. We are seeing Sellers take some profits, and why not, it's a perfect time to do so. Election year, super Tuesday a month away, and typical "Sell in May & Go Away" coming up.
2. Corona Virus precautions have led to temporary store closings on all of Apple's corporate offices, 42 stores and contact centers in mainland China through February 9. While Apple had strong December and January sales, According to the New York Times, "Apple generates about 17 percent of its sales in China and about 25 percent of its operating income in the country", so this may be something to pay attention to.
At the moment we are short term neutral-bearish as we wait for Apple to find its new support.
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.