Appleshort
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
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AAPL can see new lows before the election & earnings $105 TARGETApple stock has been lagging compared to a lot of techs and it's influence on the Nasdaq market is pulling a lot of other stocks lower. We do have earnings coming up at the end of the month of October so that should be a very indicative sign of where this market wants to go.
The 100-day EMA is super attractive for institutional buying and price is not far away from it, we could see the price tag that area and then see it inch back up.
We have to wait for the election to pass to get a more decisive and concise move in either direction. There was a lot of downside volume at the beginning of the drop was strong but it's stalling out so it won't be a clear drop to $105 but slower.
Overall why we think this is moving to the downside is the most recent high at $125 was due to news that was sold off very easily. This is a much lower high than the $137 we saw post-split. This is indicative of weak buying trying to come into this market, if we see a lower low through $105, that confirms the downtrend.
The $105 level has to hold for the medium term longs to push through $125 and eventually into $135.
This trade idea is for educational purposes only, not to be used as investment or trading advice.
APPLE need a coorection!Let's have a look to Apple, a bearish divergence is clearly visible on the weekly chart, which signals a good correction. Interest levels start in the 80-91 zone - the mirror level of the seller, which will act as support. The seller's levels in the current picture are visible in the $103 and $127 zones. In the near future, we will probably see a double top.
Apple in a critical zone.Tech usually moves together and alot of tech has this similar trend currently. Let's apply it to apple. Head and shoulders pattern that formed on the daily, and a break below the neck line, that triggered increased selling volume which has brought price action to a close below the 50 day moving average, typically a signal that trends could be changing short, and mid term. It is nearing oversold and typical metrics used would be the 30 signal, but a look back at apples price action shows that RSI has slipped lower to a low of 23 about 2 to 3 times in the past year, the most recent being February 2020. Long term this is an attractive buying zone, but the possibility the downward trend continues is 50/50 in my opinion at this point. Recent CEO sell offs of tech stocks started these downward trends with little upward strength, it's possible for apple to bottom out at the last gap zone area I have which is 98ish. Possibility for a lot of different types of trades on this one coming up, but apple needs to show upward strength this week with a continuation next week, it is critical in my opinion to signal a reversal towards newer highs and back into an uptrend.
Apple looks to increase. day trade update. Small updateApple looks to come back in a day trade range. lets say we looking for small 117..
We will see what it will do. but for my personally, i expect increase trend..
# if we breakdown below 109.. than breakdown trend started. ( not long term update)
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NAS100 Short - Head and Shoulders - Market Maker Level 2 Another great entry for Futures :) If you missed my GER30 call then you don't want to miss this NAS100 Signal . Nas100 is overvalued and the tech industry is slowing down. US30 is bearish and this will allow NAS100 to continue the head and shoulders trend . Sell after the next bearish cable on the 4hr time frame and this will be an east $1,000 profit if sold correctly . Like and follow for more great calls .
The 'FA' Breaks away from the 'ANG' in FAANGTech is leading but the leadership in tech has been narrowing even further in the last month
Apple and Facebook shares are outperforming - while the rest of the FAANG - Amazon, Netflix and Google are under performing.
One possible trade is a to assume a return to the mean - ie the laggards pickup and/or the winners pullback
The other takeaway is that the market leadership is getting very narrow - ie there is low breadth - which can often foretell a drop in the market (S&P 500 / Nasdaq)