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AAPL trade ideas

Elliott Wave View: APPLE (AAPL) Continue Rally In Bullish SequenShort Term Elliott Wave view in APPLE (AAPL) suggests that rally from 8.05.2024 low is incomplete & should continue upside as the part of daily bullish sequence. It is showing 3 swing higher since August-2024 low & expect more upside against 11.04.2024 low. It ended (1) at $237.49 high as diagonal & (2) correction at $219.71 low. Within (1), it placed 1 at $232.92 high, 2 at $213.92 low, 3 at $233.09 high, 4 at $221.14 low & finally 5 ended at $237.49 high as (1). Within (2) correction, it placed A at $227.30 low, B at $234.73 high & C at $219.71 low near 0.382 Fibonacci retracement of (1). Above (2) low, it favors upside in (3) of ((1)) & can extend towards $261.29 or higher levels before major pullback may seen. Above $219.71 low, it placed 1 of (3) at $230.16 high, 2 at $225.71 low & favors upside in 3 of (3). Within 3, it placed ((i)) at $235.65 high, ((ii)) at 233.26 low & ((iii)) at $250.80 high as extended wave. Short term, it favors upside in ((v)), if ended ((iv)) at $246.02 low, which already reached between 0.236 – 0.382 Fibonacci retracement area of ((iii)). It needs price separation to confirm the view of further upside. Alternatively, if it extends lower from current level, it can either extend ((iv)) or 4 pullback in (3) as discussed in video. But in either the case, it should extend higher to finish sequence started from 11.04.2024 low as (3). We like to buy the pullback in 3, 7 or 11 swings at extreme areas, when reached. It expects more upside towards $261.29 or higher levels, while dips remain above 11.04.2024 low.
NASDAQ:AAPL
by Elliottwave-Forecast
Apple is starting to look good (again:)If you're bullish on the market and economy overall, Apple is firming right below the resistance area under its ATH set less than a month ago on October 21 closing at $236.48. That high was set despite a steady net distribution since July! As of last nights' close, Apple hasn’t given up much ground closing at $225. For sure big sellers are camped out around $236–$231, but the fact that buyers are still soaking up the supply is interesting. We're seeing buyers bid up the lows: August 5 at $196, September 18 at $217.5, and November 4 at $219.7. Short term, the only question is: who are the sellers? Could be Berkshire Hathaway. Buffett’s been unloading Apple for months now, reportedly taking advantage of low tax rates—at least, that’s the line he’s putting out there. Yet, someone is absorbing all that supply for more than 4 months. So, if you’re looking for a bullish setup, keep an eye on how buyers handle that $231–$236 resistance. Apple’s price behavior here is saying something, despite major distribution... Full Disclosure: If there’s one stock I’ll never, ever short, it’s Apple. Why? Because, like it or not, the market can’t make a move without Apple leading the way. Apple isn’t just a stock—it’s the most important stock in the universe. Now that you know how biased I am, navigate with care!
NASDAQ:AAPLLong
by onlytrade2win
APPLE targeting $265 at the top of the Channel UpApple (AAPL) has been trading within a Channel Up pattern since the January 03 2023 bottom. At the moment the price is on the pattern's second long-term Bullish Leg, supported by the 1D MA50 (blue trend-line). As long as this line holds, we expect the Bullish Leg to complete a +20.82% rise (similar to December 14 2023) from the U.S. elections low and target $265.00. The fractals are quite similar as the 1W MACD is forming now a Bullish Cross, in indentical fashion as November 20 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPLLong
by TradingShot
1
AAPL Technical Analysis for December 10, 2024Price Action: * Opening Movement: At market open, AAPL exhibited a strong upward momentum, driven by sustained buying pressure, pushing the price above key resistance levels. * Mid-Day: Consolidation occurred around the $247.5 zone, aligning with significant GEX levels, indicating a potential pause for profit-taking and repositioning by traders. * Closing Trend: The price continued testing the $247.5 level but failed to breach higher resistance zones near $250, showing sellers gaining control near critical gamma levels. Key Indicators Observed: 1. GEX Indicator: * $250 Level: Marked as the highest positive GEX, acting as a psychological resistance for traders, confirmed by price hesitation and lower volume near this zone. * Support at $240: The GEX8 level at $240 served as a critical support level, ensuring downside protection and absorbing selling pressure during earlier intraday pullbacks. 2. Trend Lines: * The upward sloping trendline provided structural support for the price, confirming the bullish sentiment for the day. 3. MACD: * The MACD showed a bullish crossover earlier in the day, coinciding with the breakout above $245. However, the histogram started to flatten towards the close, signaling reduced momentum. 4. Volume: * A noticeable volume spike during the break above $245, indicating strong participation. However, the fading volume near $250 suggests waning bullish momentum. GEX Indicator Insights: The Gamma Exposure (GEX) tool proved invaluable in identifying critical support and resistance zones: * Why it Matters: GEX quantifies gamma levels based on options market activity, offering a transparent view of zones where market makers are likely to hedge, influencing price behavior. * What Was Observed: * The resistance at $250 aligns with high positive gamma, making it challenging for the price to push higher unless significant buying pressure emerges. * The bounce from $240 confirms GEX8 as a robust support level, providing confidence to traders to go long at dips. * Technical Advantage: By incorporating GEX, traders can anticipate areas of increased volatility or stagnation, enhancing decision-making precision. Trading Plan for Tomorrow: Scalping Strategy: 1. Entry Points: * Long Above $247.5: Look for a breakout with strong volume confirmation. * Short Below $245: If the price fails to hold and breaks below $245, target the $240 support level. 2. Stop-Loss: Set tight stops at $1 above or below entry points to manage risk. Swing Trading: 1. Bullish Scenario: * If AAPL closes above $247.5 with volume, target $250 with an extended swing goal near $255. 2. Bearish Scenario: * A close below $245 opens room for a pullback to $240. A further breakdown could test $235. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always perform your due diligence before making any trading decisions
NASDAQ:AAPLLong
by BullBearInsights
AAPL P/E at $40???One shouldn't need to have an analysis when NASDAQ:AAPL is trading at > 40x P/E. I went back and counted, there are only 4 days in the history of AAPL where it traded above the current multiple and all 4 of those days came in the post-covid-free-money-boon when they last had actual growth. Now, a company with a year average revenue growth rate of 5% is trading at 40x+?? For comparison, NASDAQ:NVDA is currently trading at ~55x P/E. AAPL is chasing 4T. There is nothing fundamental about this price except for the "apple always goes up" narrative. From a fundamental perspective, putting money in at this price to go long is absurd. The only _potential_ positive that Apple has right now is that Tim has cozied up to Trump and may be able to sway him to apply tariffs to his competition in a way that is more damaging to them (Samsung) than they are to Apple (if they are damaging at all). But even at this price that potential just doesn't hold the risk reward for a 1-3 year play to allow that to come to fruition. It seems more likely to me that any form of tariffs (if any) that may benefit Apple will be a local maximum as the larger tariff strategy will likely hurt the economy, more than offsetting any value that Apple gets as a leg up over its competition. Anywho, Apple is now trading right at the top of an 8 month range is is flashing overbought across the board. There is more downside from here in the short to medium term than upside.
NASDAQ:AAPLShort
by BullsNBearsEatPigs
APPLE Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for APPLE below: The instrument tests an important psychological level 242.82 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 236.87 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NASDAQ:AAPLShort
by AnabelSignals
1
$AAPL LongApple trending higher after the election on November 5th and approaching the upper trend-line for a breakout trade. There have been three prior attempts at the trendline with each candle closing green. The 9 day EMA crossed the 50 day EMA upward which is a bullish crossover indication. Next week being a short week due to the holidays. There can be a potential squeeze if the volume is there. A break of the trend-line and Apple is targeting 235 and then all-time highs. Trend-line breaks at 230. First level of resistance can be around 233.47 and then 235. Not Financial Advice.
NASDAQ:AAPLLong
by Cash_Noir30
AAPL Ready for a Breakout Following ConsolidationSummary: AAPL has displayed impressive strength over the past several months, consolidating in a tight range and maintaining a bullish posture. The stock has recently held firmly above the NETGEX level for multiple sessions, signaling robust support and momentum. Breakout Potential: Currently trading at $243, AAPL is approaching critical levels, with $245 and $250 identified as key resistance areas. The $250 level aligns with the highest NETGEX and call wall, making it a pivotal target for a potential breakout. If the stock clears these levels with volume confirmation, it could initiate a multi-week upward trajectory. Support Levels: Should AAPL face any pullback, $240 is likely to provide strong support, reinforcing the stock's bullish structure. Additionally, the $227.5 level is a critical threshold—anything above this area will maintain the overall bullish outlook. Key Levels to Watch: Support: $240, $227.5 Resistance: $245, $250 (NETGEX high/call wall) Conclusion: AAPL's consolidation phase appears to be nearing its end, with a breakout becoming increasingly likely. The $245-$250 zone represents the next significant challenge, while $240 provides a strong base for continued momentum. Keep an eye on these levels for confirmation of the next leg higher. A breakout above $250 could mark the start of a sustained, multi-week rally, especially considering December seasonality.
NASDAQ:AAPLLong
by PureDelta
Apple (AAPL) Stock Hits Record HighApple (AAPL) Stock Hits Record High The Apple (AAPL) stock chart reveals: → Yesterday’s closing price exceeded $242 for the first time in history. → The stock has risen nearly 30% since the start of 2024. → Over the past 30 days, it has gained approximately 9%. Dan Ives, an analyst at Wedbush, commented that: "Wall Street is beginning to grasp that the iPhone 16 marks the start of a supercycle." According to his insights shared via Barron’s: → Sales in China remain robust. → New AI-powered features in the iPhone 16 could drive over 90 million users to upgrade. → This could lead to a record-breaking year for iPhone sales and push Apple’s market capitalization to $4 trillion by 2025. Ives has set a price target for AAPL at $300—roughly 23% above current levels. But is now the right time to invest in AAPL stock? Technical Analysis of AAPL’s 4-Hour Chart: → The RSI indicator is in the overbought zone. → The price is near the upper boundary of an ascending channel (marked in blue), which formed after the company introduced Apple Intelligence in June. This positioning suggests the stock may be vulnerable to a correction. If that occurs, the price could test the $236 level, which previously acted as resistance (as shown by arrows). According to TipRanks: → 23 out of 33 analysts recommend buying AAPL stock. → The average 12-month price target for AAPL is $243. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AAPL
by FXOpen
AAPL Approaching Key Resistance: Game Plan for Dec. 4, 2024AAPL is showing a steady uptrend, respecting an ascending channel on the hourly timeframe. With volume building and technicals aligning, this could be a key moment for traders to plan their next move. 1️⃣ Price Action & Chart Analysis * Trend Channel: AAPL is moving within a rising channel, bouncing off the lower trendline and heading toward the upper boundary. * Key Levels: * Immediate Resistance: $243 * Support: $240 and $238.90 Expect potential consolidation or a breakout if $243 is breached with volume. 2️⃣ Liquidity Zones & Order Blocks * Liquidity Zone: $240–$243 is a critical zone where significant buying pressure has been observed. * Order Block: The demand zone around $238.90 aligns with a previous accumulation area, making it a solid support level. 3️⃣ Scalping Strategy For intraday scalpers: * Entry: Look for a breakout above $243 with strong volume confirmation. Target $245 for a quick trade. * Stop-Loss: Set a tight stop below $242 to limit downside risk. * Alternative Play: Wait for a pullback near $240, entering long if support holds. 4️⃣ Swing Trade Strategy For swing traders: * Entry Option 1: Buy near the lower trendline at $240 if support confirms. * Entry Option 2: Breakout above $243, aiming for $245–$250. * Targets: Initial target at $245, extended target at $250. * Stop-Loss: Below $238 for swing entries to ensure risk management. 5️⃣ Momentum & Indicators * MACD on the hourly chart is bullish, showing momentum building as the price approaches resistance. * Volume is gradually increasing, signaling interest from buyers. Game Plan for Tomorrow * Scenario 1: If AAPL breaks above $243, enter on confirmation with volume, targeting $245 and above. * Scenario 2: If it fails to break $243, prepare for a retest of $240 or $238.90 for long opportunities. Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your research and trade responsibly.
NASDAQ:AAPL
by BullBearInsights