#AAPL to the dirty NASDAQ:AAPL Dark cloud cover on the weekly looking a bear week for AAPL well the start of the week
AAPL trade ideas
Apple will now probably test support down towards USD 190.00Technical Analysis of Apple Inc. (ticker on Nasdaq: AAPL)
The Apple share has shown strong development both in the short and long term, and within an upward trend.
Now it is sometimes the case that even strong trends come to an end, (cf. chart back to the strong rise for the share in the first half of 2023).
Now the share has shown a correspondingly strong development in the past six months, but now the share may face another downward correction, and within the long-term upward trend that the share is moving within.
There are occasional downward corrections and testing of support levels such as the 50-day and 200-day moving averages, and another such test of key technical support levels is now indicated by the overall technical picture for Apple stock.
That will mean a correction down to around USD 188.00 - 208.00.
There may well be a correction down to the lower trend line in the long-term rising trend as well, and in that case it will mean a correction down to around USD 180.00 - 185.00.
The overall technical picture for the Apple share, short-term and long-term, therefore now signals a correction for the share, and to somewhere between USD 180.00 - 208.00.
On Friday, the share ended at USD 224.38.
AAPL expected correction and buying areaDue to an engulfing pattern and completion of 5 wave impulsive Elliott wave pattern, I expect Apple to correct to price levels below in black from where I expect it to rally to new all time high.
AAPl: Breakout and RetestBreakout and Retest
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
Magnificent 7 Long IdeaThe mag 7 has finally pulled back some, things seem rough right now, but I think we could see a bounce soon. We have this major trendline that we broke above previously, I expect it to hold. If it doesn't, yet another fakeout to the upside that will likely cause a lot more damage in the future.
$AAPL short term range $242-214Think NASDAQ:AAPL is likely to continue the trend higher here and squeeze up to the $242 level.
Once we hit that, I do think we'll see a sharp selloff back down to the $214 level.
My plan is to enter puts once we hit the top level because I think we should see a swift pullback and there should be large gains to come from that.
I'll update as price action continues to play out.
Apple (AAPL) Stock Pulls Back Within Bullish ChannelThis chart displays the stock price movement of Apple Inc. (NASDAQ: AAPL) over a period from late April to mid-July 2024. Here's an analysis of the key features:
1. Trend: Apple's stock is in a strong uptrend, moving within an ascending channel defined by green and red trend lines.
2. Current price action: The most recent candle shows a significant drop, with the price at $224.18, down $4.70 (-2.05%) from the previous close.
3. Support and resistance: The lower boundary of the channel (green line) may act as support if the price continues to fall. The upper boundary (red line) has been serving as resistance.
4. Volume: The volume bars at the bottom show trading activity. There's been consistent volume throughout the period, with some spikes coinciding with price movements.
5. Price levels: The stock has moved from around $170 at the start of the chart to over $220, representing significant growth.
6. Recent pullback: After reaching the upper boundary of the channel, the price has pulled back, which could be a normal retracement within the uptrend or the start of a larger correction.
7. Market sentiment: Despite the overall bullish trend, the recent sharp pullback might indicate some short-term bearish sentiment or profit-taking.
In conclusion, while Apple's stock has been in a strong uptrend within the ascending channel, the recent pullback suggests some caution. Traders and investors might be watching to see if the price finds support at the lower channel boundary or if this could be the beginning of a more significant correction. The stock's ability to maintain its position within the channel will be crucial for determining the continuation of the uptrend.
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Apple - Caution at the all time high!NASDAQ:AAPL just created a new all time high, however we have to be quite careful now.
Trading cycles in an overall uptrend is one of the most profitable trading approaches. You are trying to capitalize on the major upswings and missing out on the major downswings. Apple is currently retesting resistance and probably creating the top of the previous cycle. I am waiting for a move back to support before we will then see the next major bullish cycle on Apple.
Levels to watch: $240, $170
Keep your long term vision,
Philip - BasicTrading
AAPL - Magazine Cover Setup!
In February 2024, we published an analysis indicating a sell in two targets; however, only one target was achieved.
Apple showed resilience and continued its stable path of continuous appreciation.
An Elephant Bar was what broke the resistance line, and the operation still has the support of the Fiboclouds that aligned and compacted in the H4, D, and W timeframes. This movement suggests a continued breakout towards the first target.
We project the best buy point to be a pullback equivalent to a 2/3 correction of the Elephant Bar candle that initiated the breakout. If this projection is realized in practice, and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.
150 Follo(W)er Double Bottom on #61Fib Thank you to all the new followers out there.
For your dedication, here is a very nice simple setup imo.
The W / Double bottom is clear, and its on a nice Fibonacci level here as well...
Target; $240 by end of Summer.
I expect Apple to integrate more and more AI with every update / new product , and it's not that bold of a call.
NEXT CHART @ 300 Followers ;)
(I'm trying to relax here!)
AAPL short to $190-$200 rangeJust pattern recognition encouraged by expected overall markets pullback thanks to US elections.
Is it Time for the Magnificent 7 Collapse?The mag 7 showed some weakness this past week for the first time in a long time. It has essentially gone straight up since April. We had the big drop on Thursday after CPI, but of course it quickly recovered on Friday. I think many are feeling optimistic after that recovery, but I'm not convinced. I've obviously been bearish for about a month now and it hasn't panned out yet, so take it with a grain of salt. Picking the top is hard, but TA can assist. And if it keeps going, money can be made on the long side.
This could be a huge ascending wedge break to the downside that sends the mag 7 back down towards the lows in May. A lot of charts are looking similar to how they looked before the sell off in April, but so far betting on continued downside has been a losing bet. It's important to wait for confirmation and avoid shorting before it is time. We can use basic trendlines and VX analysis to determine when it is time. If we see a break to the downside soon and VX comes alive, we'll know we have a sell off that has legs. It may be similar to April and only last a couple of weeks, but it could be a quick elevator down.
I'll be watching all of the mag 7 along with ES, NQ, and VX for any clues of what's to come. I think things are in a dangerous spot right now, buying up here could be a terrible mistake, but so could shorting or staying cash. We need confirmation first. If we see a strong VX with some bearish trend breaks on the mag 7, it'll be a lot safer to short. Patience pays.
AAPL STILL A SELL!!! $222 then $203 are targetsAAPL very bearish patterns SELL signal printed, AI bubble deflating looking at other SPY stocks so down she'll go
Apple stock is flying nice to try nowBroke out of the all time high level. Since in september new apple products will be availabel for sale and AI things around Apple will trigger this stock.
ApplePair : AAPL - Apple Index
Description :
Completed " 12345 " Impulsive Waves
Resistance Level
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame
Are we dealing with fake AAPL breakout? Apple's share price rose sharply on June 11th following its annual developer event, where new artificial intelligence features were unveiled. This pushed the price up to $220 per share. Although the price has since retraced some of these gains, it found support at the 50% retracement level of the move from $192 to $222.
The price also breached the key $197.85 level, which had capped the price in December 2023 and summer 2023. As long as the share price remains above $195, it is likely to continue pushing higher. The next resistance levels are $220 and $227.
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AAPL May 9, 2024: Possibly Good Entry PointI have been following NASDAQ:AAPL for a long time but have not bought it because it has been a laggard during the AI-powered uptrend since November 2023. You can see many of my posts regarding this stock in the related ideas section.
Situation might be changing now...
Following the earning reports with a huge buyback plan on May 2, the stock gapped up above its MA-200 and has been staying above until now.
The MA-50, although is still under MA-200, but started moving up.
The relative strength line has been moving up since April 10, before the overall market correction, and has been steadily going up.
Therefore I started to buy NASDAQ:AAPL here, with an expectation that it will make new high some time this year.
12 YEARS $AAPL REPET THE SAME PATTERN !!!!!!!Contact me if you want to learn more about TA and MONEY !
Apple - approaching a major top?Calling tops is usually a fools errand but the EW pattern here seems somewhat clear with some fib ratios helping add to the case.
Apple. Bull Call Aug 230/250Buy a Bull Call 230/250 for 16th August after earnings
Buy Call 230, Sell Call 250 for premium around $8.30 with potential profit of $11.70
That is a max profit of 140%
Apple: Bullish Seasonal Growth ExpectedApple Inc. (AAPL) is trading at $230.54 and higher in the pre-market session, continuing to demonstrate strength as the price embarks on a seasonal growth trajectory that is projected to persist through the first two weeks of August. This anticipated bullish upside aligns with our in-depth analysis of market trends and seasonal patterns.
A significant factor driving this optimistic outlook is the positioning of various market participants. Large speculators, typically institutional investors and hedge funds, are currently holding long positions on Apple. This suggests a strong confidence in the stock’s potential for further gains. On the other hand, retail traders are predominantly positioned on the short side, which often indicates a contrarian opportunity for upward movement as these positions may get squeezed.
Given these dynamics, we see a compelling opportunity to buy Apple stock at the opening of today’s market. The alignment of large speculators' long positions with the seasonal trend enhances the probability of a sustained bullish run. Historical data supports this seasonal growth pattern for Apple, typically seeing a positive performance during this time of year.
Investors should consider the broader market context as well. Apple, as a leading tech giant, often sets the tone for market sentiment. Its robust fundamentals, continuous innovation, and strong consumer demand further underpin the bullish case. Additionally, any positive developments in the broader tech sector or favorable economic indicators could provide additional tailwinds for Apple's stock price.
In conclusion, with Apple trading at $230.54 and higher in the pre-market and supported by a seasonal growth pattern and strong positioning from large speculators, we are poised to capitalize on this opportunity. Entering a long position at the market opening aligns with our analysis and the anticipated bullish trajectory through mid-August. Investors should monitor the stock closely, considering both the seasonal trends and market participant behavior to make informed trading decisions.
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