Can APPL Confirm the Bullish Trend? Today we will do a full technical analysis on APPLE INC on the 1H and explain why I recommend bullish (long) trade advice, and also discuss the bearish scenario.
As we can see the upper resistance of this ascending channel is definitely weaker than the support line.
With break-out , the resistance didn't hold well. Also we can see a break-out got rejected, but we have to keep this behavior in mind so you don't get stopped out when you want to enter a short.
This lower support line of the ascending channel is very strong and it has at least 4 confirmed touches.
Now that the price is at the close to the middle line of the channel, so we can see two scenarios play out. Either it breaks upwards and we can enter a long towards the upper resistance of the channel, or it breaks downwards and we can short until the lower strong support line.In general, because APPLE is trending upwards recently.
I would advice to have a bullish bias here and suggest the most likely scenario of a bullish continuation
Appleinc
Long $AAPLHello Sophisticated Trader,
The recent dip in stock price is making $APPL an attractive stock to buy. Though, it possible for the stock to visit 351, the overall bullish trends could see this stock over $400, by year-end. The company is still strong during this pandemic and so far has been readjusting nicely. I am recommending a buy moving forward.
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APPLE 🟩🟨🟥 True Facts About Justin Bieber's Love of Apple💬Apple closed some stores for COVID related reasons in some states, but it also opened stores due to re-openings in other states. That is sort of mixed news for Apple.
Meanwhile, the fear in the market over a bearish IMF report and some rising COVID cases is legitimate.
Overall, however, there is logic and reason to bet on Apple.
Apple just made a string of bullish announcements at their recent digital-only keynote and Apple's chart is generally very bullish and tends to respect support/resistance levels.
Let's take a look at some Apple levels that the bulls will need to deal with to keep this tech giant's bull run going.
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Support:
S1: The S1 S/R flip and pivot point is a logical place for the bulls to find support if they should need it.
S2: The S2 orderblock is good backup support for the bulls. The market is a bit jittery right now, so it wouldn't be shocking to see a further correction and a reaction at S2.
S3: Finally, the S3 S/R flip and price pivot point at the previous all-time high (ATH) range should hold if a more substantial correction ends up being needed. Apple has every reason to keep running, but no asset is immune to the eventual correction after a big run.
Resistance:
R1: The R1 orderblock at the recent swing high and all-time high is the only identifiable level of resistance for Apple. As the only current level, it'll be important for the bulls to break this one and find support on top of it.
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Summary:
There are two likely paths for Apple.
One path we see the bulls quickly take out the all-time high and then find support on top of previous resistance.
The other path we see a continuation down, likely after a rejection of R1.
The path downward becomes more likely if the virus fears ramp up, as without fear it is hard to see why investors aren't rushing back into Apple.
Resources:
www.cnbc.com + www.cnn.com + www.npr.org
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🍏 The Big Apple, No Signs Yet. (AAPL)💰 LET'S GET INTO SOME APPLE ANALYSIS!💰
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(Overall Market Sentiment) 🐮 Bullish
- 3day Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
Everything on this one still sits green with no interest to play it yet even based off of the overall current look on the market. On to the next. Check later.
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🥇MLT | MAJOR LEAGUE TRADER
APPLE - BUY LONGTarget --> 362.2 USD
Some research:
• Apple share prices are dominating the stock market this Tuesday after the highly anticipated Worldwide Developers Conference (WWDC) yesterday. The technology giant revealed the new updates for its tech including the latest iOS 14 which garnered the attention of its beloved consumers, tech critics, and investors.
• The annual event that was usually held at a conference hall full of technology critics, developers, and media went online this year because of the social distancing measures. This didn’t stop Apple from getting the attention of the masses as the event and the announced updates went trending on Twitter yesterday.
• The attention is well-liked by AAPL shares which are poised to secure big gains this Tuesday. The online WWDC2020 was led by Apple Chief Executive Officer Tim Cook and other big company executives. The streaming announcement was well praised by its consumers and experts for its slick and “cool” production.
• Some of the announced updates is the next version of its operating system. The new update is expected to roll out to the public sometime next month, adding major tweaks to the App Library, Widgets, Picture-in-picture feature, and even on Siri. But the updates weren’t just for the iPhone, the AirPods, iPads, Apple Watches, and Macs are also up for updates.
• And finally, the company confirmed the rumors that were floating around for months – Apple is official switching from Intel processors to their in-house ARM-based CPU which are specially customized for better performance. The switch will also lessen the costs in production, saving more for the smartphone maker.
PREPARE FOR BREAK OF HISTORICAL LINE - APPLE - AAPL - 30MNThanks for your likes and shares! Much appreciated!
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The price of AAPL has moved back to its wide historical range. Those 2 lines, support and resistance, are very important and strong.
There is a strong probability to see the market testing a break of those.
If the market breaks the support go short.
If the market breaks the resistance go long.
See the related ideas to understand where are at.
apple inc The good thing about apple is that we are in an increasing tunnel. The trend line is working properly until now. The first resistance point is at 327 dolar. If it breaks this point I thing it will go up for long time. But it it doesnt break the point 327, be careful about a hard fall. You can put your stoploss beneath the trend line which is 315. The graph is for education. Thanks for your support
Apple Inc FORECAST: Meeting resistance soonWELCOME TO MY PAGE, PLEASE DO LIKE AND SUPPORT MY ANALYSIS, I hope what I shared can help everyone out in their trades! = )
AAPL Apple Inc appears to be in a long sustained BULL RUN on the D1 Time Frame, with short impulse pullbacks and long sustained daily green candles.
Stochastics and MACD points towards a strong buying pressure, both showing green in the buy zone. (Possible overbought scenario)
I'm looking for AAPL to touch the resistance line @ 314-315, for now would be a quick LONG opportunity to that line. Thereafter, watch for a rejection for a SELL to the nearest support line @ 303.25.
OVERALL, I'm bullish on Apple Inc but playing safe on the fact that:
1) 8 days of consecutive green bullish candles seen on D1 Time Frame
2) Approaching 3 lines of strong resistance levels @ 315, 323, and 327 last touched in mid - January 2020
3) Buying volume seems to be slowly dropping --> Indicating weakening buying pressure
For these reasons, I see a quick correction downwards next week or so nearing the resistance lines stated above, before continuing its bullish long term trend.
As always, REMEMBER TO LIKE AND SUBSCRIBE IF YOU LIKED WHAT I SHARED, THANK YOU ALL
Regards,
Gol D Roger
APPLE bullish trend continueation forecastapple has been on a nice uptrend but has fallen a bit due to the the new corona virus...…
We can see that price quickly bounced up indicating that the situation most likely wont worsen for apple as more people are now at home.....they will be probably using there phone a lot more..which if anything is beneficial to apple.
so wait for the bullish breakout and buy the successful retest if in your opinion looks good...…….don't buy just because I said so u sld have your own analysis always!