Apple Buy Apple using three Trend lines yellow, green and red trend lines . Buy at 381.12 price .Target of 392.55 around 3% . Stop Loss is the red line around 0.62% @ If it starts breaking the red trend line. You can aslo take a Short Position . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 0.6 % there is an upside of 3%
Applesignals
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
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.
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 (AAPL) Short OpportunityHi guys its Brian here with a Short setup for APPLE (APPL)
As you can see from the chart, APPL is falling down hard for 3 days straight. Long red bars like these indicate that there is a lot of volatility and selling pressure and the price is very likely to continue dropping further.
I have identified a good price level to take profit for the short term and longer term as well.
Take Profit: 190
TP2: 180-183
Stop Loss: 210.3
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