Apple: Technical Gap Analysis 1D (Apr. 26)X FORCE GLOBAL ANALYSIS:
Apple has shown great strength in its recovery from the damage caused by the corona virus (Covid-19). In this analysis, we explore a purely technical approach to Apple (AAPL), using the gap theory.
Analysis
- Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between.
- As a result, the asset's chart shows a gap in the normal price pattern
- Gaps have a tendency of getting filled.
- Thus, when we see gaps below the price during an uptrend, it indicates that there is a probability of a correction
- Apple's chart on the daily is rather choppy, and presents room for multiple gaps
- Gaps that have been filled are marked by green
- We currently see two major unfilled gaps both above and below the current price level
- While the Relative Strength Index (RSI) moves in an uptrend, creating higher lows, we have not yet broken the descending trend line
- The Moving Average Convergence Divergence (MACD) shows a potential death cross, as the bullish histogram show signs of weakened momentum
What We Believe
Based on the gap theory, given that all gaps fill, this would be the most probable scenario; we see a rejection at the descending trend line support, and as prices fill the gaps below, a double bottom is formed on the daily. Then, we see a breakout from the descending trend line resistance, and a continued bullish rally to fill the gaps above. However, it's imperative to note that gaps don't get filled all the time.
Trade Safe.
Appleinc
Apple Full Trend Reversal W/ MA?NASDAQ:AAPL
Apple might be in the middle of a full on reversal from this massive drop it's been on for awhile now. Follow the 20/50/150/200 MA from 1 minute all the way up to 1 hour chart and notice how they are all reversing trend. The key now is to follow the 2H-4H today maybe more to see if they complete the reversal on the 50 passing over the 150 etc. Could be an amazing sign for Apple. If it gets stuck though the downside would be a big sell off. I think Apple is bullish and people want it to be bullish in the market so my hopes are directed that way. Also is was massively oversold since Feb.
Thoughts?
Do you due diligence as always and make sure to keep up to date with all the market news and pre market buzz concerning the overall market and virus.
Apple Options - 15m / 1m Failling WedgeI think you may see another Apple burst today for options. 1m which I cannot publish has a small falling wedge. 15 min seems to only back that up. Of course we are in odd times so anything can happen. Given pretty positive news past few days with agreements with NASDAQ:AAPL and NASDAQ:AMZN along with the cool new Apple feature "accidentally released" I think we should have positive movement. Once again... news outlook has some positives for the industry today especially energy sector, but unemployment etc is downside on the news.
Apple At Dynamic Support (SMA 200)It's floating around the dynamic support (SMA 200) which can prolly hold price falling from further lower if overall market index showing positive sentiment. Stochastic supporting the bullish momentum. Knowing that China is open for business more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. With new infections dwindling, factories are restarting, stores are reopening, and people are venturing outdoors. In some ways, China is where the U.S. and Europe hope to be within weeks or months.
AAPL - Apple Inc. Analysis Given the market situation in this period I see this stock short.
Since it has a very high market capitalization, when it goes down it will also drag the index itself. I think it's a good time to go short when MACD and Stochastic converge on the signal. At the moment I see an accumulation phase with a small rise in the next few days to take some stop loss, so probably bull trap.
My analysis is due to the fact that the turnover will also drop because now people more than buying products surely have other primary goals.
THIS IS NOT AN INCENTIVE FOR FINANCIAL INVESTMENT. MY TECHNICAL/FUNDAMENTAL ANALYSES ARE SIMPLE MARKET CONSIDERATIONS.
Comment on your ideas, follow me for further analysis.
Thanks!
Nasdaq100 Apple fundamental newsWhat happens when the price reacts during the open?
Today during the Asian session open - Nasdaq had a gap down, this is due to
"Apple Inc. doesn’t expect to meet its revenue guidance for the March quarter because of work slowdowns and lower smartphone demand, showing that the virus outbreak in China is taking a bigger-than-predicted toll on one of the world’s most valuable companies" Cite: Bloomberg
This caused the trendline to also automatically break to the downside.
We drew a new zone as it is fresh in line with other wicks on the 4 hour.
The trend i still bullish, however awaiting London session to see if the price reacts to the failed gap fill in the Asian session.
Fundamentals provide a highly likely scenario in times like this. Supply and demand still applies, this just causes a trader to react appropriately.
AUDJPY Market Overview & Possible Trade PlansChecking out AUD/JPY today as the pair recovers from an early Tuesday drop, likely on rising global risk aversion sentiment as coronavirus fears blaze up once again. Words are in town that by Apple, who issued revenue guidance warning www.theverge.com overnight, evoking fears of a more significant impact from the coronavirus outbreak on the global economy.
This lead to a break of the rising trendline lower lows on the hourly chart, as seen above, but the bulls stepped in to halt the decline around the pivot weekly s1. The pair is now testing the past broken strong support area around 73.50, which could draw in sellers looking for another opportunity to play the risk-off sentiment at a better price.
Be on the look out for bearish reversal patterns before considering a short play, and if the upcoming Australian data disappoints, then this pair could make a run for fresh break of today’s swing lows.
For the bulls, a turn in Coronavirus sentiment could halt the decline, as well as a big positive surprise from Australia’s upcoming leading and wages data. A break above 73.50 in the scenario could draw further fresh buyers who could shoot for the 74.00 handle, which is well with reach knowing the ATR of around 60 pips for this cross pair.
APPLE LOW RISK SHORT SETUP BUILDINGI really hate to trade countertrend moves but apple gave a really good setup for shorts, also it is not bad for apple to correct from this levels for a couple of weeks
White lines are my short trigger and stop points, i am also expecting another leg up, and if it does i will be stopped out and try another short depending on a daily candle breakdown. My rule is do not try more than 3 times
Let's see if it makes a nice profit or a small loss
Trade safe
Apple Inc - APPLE Possible short term trend reversal Divergence says trend should reverse at least for a short time, but trend is also accompanied by a strong support levels. It's too risky at this time for both short or long entries. Wait until it drops to the mentioned Fibonacci levels and decide whether it will reverse or continue.
What does BTC fractal say about AAPL ? Do not FOMO !Hello everyone,
As lot of people talks about stocks like Apple these days I´ve decided to take a look at it and here is what I see and think about current APPL trend.
Anyone who invested in crypto or trade cryptocurrencies knows it is stocks boosted x10 so thats why I used (for easier comparison)
Weekly & MA200 for APPL
Daily & MA100 for BTC
This might not be the exact "TOP" for APPL but anyone buying here for long term investment might get burned pretty well.
Apple might bring nice trading opportunities very soon so keep your eyes opened.
I think no extra explanation is needed here or is it ?!
Feel free to leave a comment or questions below the chart.
Cheers
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.