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The Broader Market May be in Apple's Hands 🍎 | APPLE ($APPL)🍎 Our last Apple chart played out like clockwork, now it is time to see what happens next. Apple is generally highly correlated with the broader market. Luckily for the broader market Apple stores reopening and hype about the iPhone 12 may just be enough to push Apple up past resistance. Plus, although it began to decline yesterday, the relatively high short volume ratio doesn't hurt either (as those trying to short the top could be squeezed on a move up; perhaps this weekend). Right now we are sort of at the mother of all resistances for Apple, we are right back at the all-time-high seen before the COVID crash. Our goal here is simple, to show the last resistance level on the chart and otherwise to map out support levels that will only come into play if Apple can't break resistance or if it comes back down later. Directly above us we have the R1 orderblock + S/R flip cluster which includes the previous all-time-high for Apple. If we break this and get bullish continuation, then this level becomes potential support to retest before continuing higher after. Below us we have a number of key levels, these include S1 which may act as a local support before moving higher. Then we have the S2 range created from a gap and orderblock. If those levels don't hold we do have support at S3 - S5 as well, although a move here implies a bearish path for Apple and almost certainly the broader market. Resource: www.cnbc.com + 9to5mac.com + www.forbes.com + fintel.io ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NASDAQ:AAPL
by AlphaBotSystem
3
APPLE ($AAPL): Should We Buy the Dip (if We Ever Get One)?✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 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 --- 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.
NASDAQ:AAPL
by AlphaBotSystem
3
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%
NASDAQ:AAPLLong
by REDAEL
2
#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. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
NASDAQ:AAPLShort
by vikinsa