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APC trade ideas

Apple (AAPL): After the Gap Close, What’s Next?In our last analysis, we perfectly predicted the top for Apple at $233, and since then, the stock has been declining due to multiple factors. Apple dropped nearly 3%, driven by concerns over weaker-than-expected demand for the latest iPhone model during its first weekend, according to a securities analyst at TF International in Hong Kong. China’s performance continues to drag on Apple’s financials this year, particularly in the first quarter when sales dropped by 24%. Full-year sales from China are expected to reach $60 billion, down from $72.6 billion in 2023, which accounted for a significant portion of Apple’s $383.3 billion overall revenue. For now, we maintain a bearish outlook for Apple after the stock completed a gap close and was rejected at the 88.6% Fibonacci level. However, we are still eyeing an entry point and getting closer to it. We’re now placing a limit order to catch a potential dip. Our primary target is a possible double bottom around $196. While the price could dip even lower, we are playing this with a wider stop-loss and may use a DCA (Dollar-Cost Averaging) approach, as multiple entry points could emerge. Let’s see how the next few days or weeks unfold!
NASDAQ:AAPLLong
by freeguy_by_wmc
2
Apple - IPHONE 16 LONG NOW! Awaiting the new Iphone 16 set to be released this month this stock is likely to continue its bullish run short term. As previously mentioned, price was at key level and needed to break either side. It started to break bullish now. Price needs to stay above $228 for further bullish momentum to continue. TRADE IDEA - Entry at market price and dollar cost average your entry till high $225’s - Targeting previous highs of $137. - Stop at $225.5
NASDAQ:AAPLLong
by ZelfTrade
2
Apple: Entry, Volume, Target, StopEntry: above 237.23 Volume: above 51.91M Target: 250.84 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 237.24, 230.44 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:AAPLLong
by tradepatiently
2
Intraday Elliott Wave View on Apple (AAPL) Forecasting Support ZShort term Elliott Wave view on Apple (AAPL) suggests that the stock shows a bullish sequence from 8.5.2024 low favoring more upside. Rally from 8.5.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave ((1)) ended at 232.92 and wave ((2)) pullback ended at 213.92 as the 1 hour chart below shows. Internal subdivision of wave ((2)) unfolded as a zigzag Elliott Wave structure. Down from wave ((1)), wave (A) ended at 217.48 and rally in wave (B) ended at 224.59. Wave (C) lower ended at 213.94 which completed wave ((2)) in higher degree. The stock has turned higher in wave ((3)). Up from wave ((2)), wave 1 ended at 217.22 and pullback in wave 2 ended at 214.50. The stock has extended higher in wave 3. Up from wave 2, wave ((i)) ended at 216.9 and pullback in wave ((ii)) ended at 215.05. Wave ((iii)) higher ended at 222.71 and pullback in wave ((iv)) ended at 218.93. Final leg wave ((v)) ended at 229.82 which completed wave 3 in higher degree. Pullback in wave 4 ended at 227.11. Final leg wave 5 ended at 233.09 which completed wave (1). Wave (2) pullback is now in progress to correct cycle from 9.16.2024 low with internal subdivision as a zigzag structure. Down from wave (1), wave A ended at 227.35 and wave B ended at 229.45. Expect wave C lower to complete at 220.2 – 223.73 area and this should also end wave (2) in higher degree. Afterwards, expect the stock to turn higher from the blue box area.
NASDAQ:AAPL
by Elliottwave-Forecast
Apple (AAPL), TA for September 24, 2024Price Action Current Trend: AAPL is in a mild correction after a recent upward move, as seen in the chart you provided. There was a breakdown from the rising trendline, indicating some selling pressure. Price Range: The stock is consolidating between the $226 to $233 range. It is currently near the lower end of this range, which could act as immediate support. Support & Resistance Levels Immediate Resistance: Around $233, which is where the stock hit a high today before reversing downward. This is also near the 50-day moving average. Immediate Support: The $226 to $227 level could offer support. If it breaks below $226, further downside toward $220 (a psychological and historical support) is possible. Strong Support: At $214, a significant level tested earlier in September, could act as a floor if the correction deepens. Volume & Indicators Volume: There was increased selling volume during the correction phase today, which could suggest bearish momentum heading into tomorrow. Momentum Indicators: The Relative Strength Index (RSI) and other momentum indicators are starting to point downward, confirming the potential for more consolidation or slight downside. Balance of Power: The daily balance of power indicator is negative (around -0.48), meaning sellers have been stronger recently. Outlook for Tomorrow Given the break from the ascending trendline, the stock may continue consolidating, possibly testing the $226 support. If buyers regain control around this level, we could see a bounce back toward $230 or $233 resistance. On the flip side, a sustained move below $226 could trigger a test of the next major support near $220. Suggestion For Bullish Traders: Look for signs of support at $226-$227. If the price stabilizes and volume decreases, this could provide a solid entry point for a bounce play. Consider targeting $230-$233 as the first upside. For Bearish Traders: A breakdown below $226 would open up a short opportunity, potentially targeting the $220-$214 zone, especially if accompanied by strong selling volume. Keep an eye on external factors, like broader market sentiment and macro news, as Apple is heavily influenced by these factors​ (Barchart.com)​(Macroaxis).
NASDAQ:AAPL
by BullBear-Insights
Top 5 Weekly Trade Ideas #2 - Mag 7 BreakoutThe mag 7 recently gapped up above the 1,900 level and has continued higher since. This has been an important level in the past and is clearly still important. There are several trade ideas in this one. The main one I would be watching for is longs at 1,900. If it breaks below, stop out and maybe short on a retest. We have supply/ATH near 2,020, after the recent bull flag break and reclaim of 1,900 you would expect more momentum up, so you could look to buy dips somewhere along the way, but I'd rather wait for a pullback to 1,900 or a short at supply/ATH. If ATH is broken, you could look for a retest to long as well. Supply/ATH is also right where the flag pole target is. For now, it's smack in the middle of the range and I'd consider that diddling in the middle. so I'm waiting personally. You obviously can't trade this directly, but if it's weak and falls below 1,900 I'd look to short weaker names in the mag 7 (GOOGL). If it continues higher I'd look to long the stronger names (META MSFT)
NASDAQ:AAPL
by AdvancedPlays
Apple - High & Intermediate Term AnalysisToday, we look at Apple utilizing a variety of techniques: Divergence, MAC & Cycles. We need to keep an eye on the quarterly, monthly & weekly bearish divergences that are occurring. They have not yet triggered, so bulls don't have to worry (yet). But we must keep our eyes on these divergences, because if they trigger, they imply significant downside ahead for Apples share value. We take a look at the MAC and see that there is a case to be made for some further upside this week, and based on todays state of the indicators, longs are favored on any pullbacks to the MAC on the Daily chart. Cycles show a bit of a mixed bag of possibilities. I'm most interested in the Decennial pattern and the APZ's. Let me know if you have any questions.
NASDAQ:AAPL
by Tradius_Trades
Apple Inc. (AAPL) short term outlookNASDAQ:AAPL is approaching a breakout point, as seen with the recent upward movement toward the $230 resistance level. The stock has been trading within a symmetrical triangle and has now broken above the key trendline after bouncing off support near $215. The price is climbing within the Bollinger Bands, and a further move above $230 could confirm a continuation towards the $240 area. Volume is also rising, indicating growing interest and momentum. ( NASDAQ:QQQ SP:SPX )
NASDAQ:AAPL
by TraderhrTrading
AAPL Entry, Volume, Target, StopEntry: > 237.23 Volume: > 62.63M Target: 269.15 area (this is an area, no guarantee it reaches this price, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 237.24, 221.14 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:AAPLLong
by tradepatiently
5
Apple _ Inc _ Distribution _ Prices _ Quarter 3 (S) + _Apple _ Inc _ Distribution _ Prices _ Quarter 3 (S) + _ Early _ Quarter 4 _ Distribution _ Prices _ Under _ trading Venue NASDAQ. 100% Accuracy will remain based on my previous! Retest ( Drop) to the key level of $224.55 Next Distribution = $233.07 $233.65 ____________ Short break! _________________ Then expecting the following distribution prices: $236.31 $237.48 $241.11 $242.71 $243.75 $247.11 $249.46 $251.82 Break time!
NASDAQ:AAPLShort
by Skill-Knowledge-Conduct
AAPL oversold (LONG at 216.32)I'm not as bullish here as I was with NVDA, but as long as they can sell phones for as much as they do, to as many people as they do, count me in. It doesn't hurt that my system is 32-1 on AAPL (not including today's signal) in the last 12 months (the 1 "loss" is the signal from 9/4). Those who follow me know those aren't atypical results, so I'm confident the trade will work out eventually, and likely sooner rather than later, barring some giant negative overall market reaction to the Fed announcement. I haven't gone all the way back testing my system on AAPL, but knowing how my system works, I don't need to (for me anyway). I can say with certainty that given where the stock is trading relative to its all time high, that it is probably undefeated in the history of AAPL except for the 9/4 and today's signals (so far). The results would be similar to my test on NVDA in my earlier idea, but with more wins because it has a longer trading history, but maybe a smaller average gain per trade because it's a more mature industry. A relevant note should be mentioned here, that I should have included in all my previous ideas, but didn't think to until this weekend. My results may seem unrealistic (upwards of 90% win rate), but I don't use First-in-first out (FIFO) "accounting" when trading because it makes it harder for me to keep track of things the way my system works, since I hold trades until they are both overbought AND profitable. I use Lowest-cost-First-out (LOFO) "accounting". When trading in a taxable account, there may be advantages to harvesting synthetic "losses" using FIFO accounting. When using FIFO, my win rates are usually mid-60s to low 70s. In the end, the only thing that really matters are the end results, particularly the gain per lot per day stat, which works out the same either way. Almost all the trades would be considered short term gains for taxable purposes anyhow, which is why I do them in a tax advantaged account. There are risks to doing that, so PLEASE do not take that as advice - it is not intended as such. It's just an explanation of why my win rates seem high. Here are the recent numbers from my system during a solid, but not spectacular, 12 months for AAPL. Wins: 32 "Losses": 1* Average gain per lot traded = 2.28% Median gain per lot traded = 1.71% Average trade length = 20 days Median trade length = 10 days Most common trade length = 5 days Gain per lot per day held = .113% Annualized rate of return = .113% x 252 trading days = 28.5% These results are only over a 1 year span during which the stock was up around 21%, so the annualized rate of return is only slightly better than buy and hold. That said, my system actually performs best in choppy markets and typically outperforms B&H by substantial margins in bearish periods, especially so if there are "bull trap" rallies mixed in. Most of AAPL's yearly gains this year came from 2 long bull runs that afforded zero oversold opportunities during them, thus the relatively small outperformance. Given the small sample size, I suspect that if I had done a long term backtest on AAPL, the average trade length and average gain would have both been higher than shown above while return per lot per day would probably have been a little lower. These trades in AAPL, when viewed alone, are admittedly far from impressive. But they are consistent. And when the capital is cycled from one overbought stock to another that is oversold, that's when this method shows its value. If you have questions or comments, feel free and I'll address them as soon as I can. Have a great day, everyone! As always, all of this info is for educational and general amusement and entertainment purposes and is not investment advice. If you trade any of my ideas, you do so at your own risk.
NASDAQ:AAPLLong
by redwingcoach
7