APPLE INC : BEARISH CYPHER PATTERN - POTENTIAL R/R 1.5% 🔔Welcome back Traders, Investors and Community!
Analysis of #APPLE INC
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Strategy: Bearish cypher With Volume studio, potential Max R/R 1.5%
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Walter
Appleinc
$AAPL PROSPECTIVE ROUTES GOING INTO 2021Just taking a peek at the chart and running some fibs. If $AAPL continues to get upgrades and positive sale news we could see a parabolic run to ATH (All time highs). Market volatility indexes are low and if COVID starts to make more moves then we could see a spike and $AAPL will have a bear on its back as it makes its bull run. I will be updating this as the days go by. 125.50 is the break I am waiting for to unleash the coiled up price action before you. Everything is wound up tight, and stimulus news could send the market up and fuel $AAPL 's next run. If no Stimulus appears and lockdowns occur we could see a market pullback. This is only prospective so I will keep updating this. If you caught some of my prior videos from the days past we have been pretty accurate so far in our approach on $AAPL
AAPL Quick Update for Coming ResistanceI'll be very short on my opinion here:
AAPL looks really good here. By looking at the MACD and RSI, looks like we're on our way to hit the first resistance of $125.
Once we break that, it is more likely to go towards the second resistance of $137.
Keep in mind, if it struggles to break the $125 resistance, we might go down for a small correction. Less likely according to me, but it is possible.
I'd suggest keep your Price Targets to in check for a mid term trade.
Be Safe! Trade smartly. Good luck!
AAPL (Apple) - no trend, indecision in the marketApple analysis:
* RSI is hovering around the 50 mark, a sign of lack of market direction (not over-bought or over-sold)
* Two touches of the support but price is still trying to move upwards. If we see a repeated return to that level (See ACTIVISION) then I would expect a brief sell-off - followed by buyers stepping back in and the current support acting as local resistance.
Action to take:
* Trendless market = bad conditions to trade. Keep monitoring the stock. Look for confirmation in either direction.
* Buying the support with a tight stop loss would be a good long-term entry
* Buying the first test of local resistance after it is broken = a superb entry for mid-term
AAPL Bullish Trade Setup (Leaps /Bullish Vertical)AAPL current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 105 setting up for a medium term wave (5) rally that could last for months. Notice the slight lagging indication compared to the S&P but this is a very healthy consolidation pattern ready for a breakout. Check Video Update for exact trade execution details.
Apple chart buy and sell zones as off 11/15/2020Using 100 as bottom support level as well as a psychological level for investors with the buy zone ending around 106-107. still upside in charts from 107-111. from 111 to 119ish level. once stocks peaks past 120 in my opinion would be a level appropriate enough to start taking profits
AAPL Post ElectionMy Fellow Traders,
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AAPL needs a push from $SPY to continue after the break.If you watched my last video I set two levels as my prediction from AAPLS range today. It respected it well. Other Tickers such such as $NIO and $CVS which I Signaled in my channel. Held up well against the markets downside today. AAPLs divergence stayed true today as we saw a tight range , but regardless we continue up I believe. If you are long on AAPL make sure you are well hedged with UVXY or VXX calls. If i am bearish on this i am looking for a retest of the previous resistance turned support. The market makers are strong...but are robinhooders stronger?