AAPL: Buy ideaBuy idea on AAPL as you can see on the chart if only if we have the breakout with force the vwap and the resistance line by a big green candle.
AAPL trade ideas
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.
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).
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)
APPLE - Is Fundamental Decay Piercing Its Skin?? 1) In the first 6 Months of 2024 Berkshire Hathaway dumped 55.8% of its stock.
2) Bridgewater, the largest hedge fund in the world by assets,
recently slashed its stake in Apple stock by 75%.
3) Is this the start of a cascading effect, or just normal portfolio
risk management or risk aversion?
Thank you for your time reading, boosting and/or following my analysis.
I deeply appreciate it.
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.
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 )
APPLE: Market of Sellers
The price of APPLE will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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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.
Title: Exiting AAPL: Liquidating My Entire Position After DoubleComment: After identifying a clear double, and potentially triple, top pattern on AAPL, I made the decision to liquidate my entire position. Having bought in at $166-169 before the breakout, the subsequent +28% move was a great run, but the technical resistance at these levels signaled it was time to lock in profits and shift focus elsewhere.
Better to exit strong than risk a reversal!
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!
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.
AAPL Crossover Swing IdeaNASDAQ:AAPL
Planned entry:
Anywhere near between 228.25 and 230.54
SL: 222.14
TP1: 233.09 (first touch of big supply)
TP2 237.23 (ATH's)
TP3: 245.87 (Ultimate target based on ATR multiplier for a 2.2 ratio trade)
Max Date: 10/2/24 at market open
Planning to buy:
Oct4 +230c / -235c vertical spread for roughly 2.14 with max gain of 2.91 at exp
AAPL breakoutAAPL is currently breaking out of its consolidation phase, signaling potential upward momentum. However, I’m holding off on entering just yet. I’ll be waiting for a retracement and a confirmation candle to form before committing to a BUY position. If everything aligns as expected, we could be looking at AAPL reaching new all-time highs.
AAPL Trendline ResistanceA lot of names have taken out the downtrend from the beginning of August and made new all time highs. AAPL is yet to do so. I posted about these trendlines earlier in the week and we saw a huge bounce from AAPL straight off the bottom line. Now we're back to the top end. If it is able to break above I'll be watching for any retest I can long on. Otherwise, epic fail and may head back to the bottom end again.
AI-Powered Ascent: Apple’s New Siri Features Fuel PushApple is showing strong bullish momentum, positioning the stock to break through the key $237.23 resistance level and head toward the $250 target. This move is supported by the upcoming product cycle, particularly the launch of the new iPhone with AI-driven features, which is expected to drive significant consumer demand and boost the company’s revenue.
For short-term traders, a stop-loss at $213 allows for a strategic entry, capturing the upside potential while managing risk effectively.
In the longer term, Apple has even greater growth potential, with a target of $300 on the horizon. The company’s continuous innovations in AI, wearables, and services are anticipated to strengthen its ecosystem, setting it apart from competitors. A $195 stop-loss is suggested for those holding a long-term position, providing a safety net while allowing for upside as Apple capitalizes on the AI-driven growth in its product lines.
Given the strong product refresh cycle and solid fundamentals, now is an excellent time to take advantage of Apple’s bullish momentum as it marches toward both $250 and $300 in the future.
NASDAQ:AAPL
Apple is bullish/ having a break thru passing $219.62Apple is bullish/ having a break thru passing $219.62. Guessing for it to pass around $230 area or higher
$AAPL - $222 break for upside. AAPL - Stock completing the gap fill today but closing below $222 trendline resistance. Looking for calls if that level breaks. for a move towards $230. Iphone sales data looks weak indicating more downside to come. Stock is strong on indicator level.
One of the best of all time in this game sold big lot of AAPLWarren Buffett sold half of his AAPL share in this zone
This possible tricker correction
Elliot wave also show that we are on 4 wave phase
Options chain data show that every drop of AAPL benefit to investment bank who write the options
So I short sell AAPL this area
hope this good
An Apple a day, maybe a weekI think APPL has the potential to be a runner into the end of this week. Once again this will hang onto whatever the FED says. If the overall sentiment is good at 2pm on Wednesday, I think we can see a green session or two back up to the price before the Gap Down. Id love to see 223 again by Friday.
Apple Wedge Lets see if we get a break 217 resistance.
Await for tomorrow FOMC volatility NASDAQ:AAPL
History repeats - AAPL down -11% after every iPhone LaunchAAPL aways goes down -11 % after every iPhone launch going back to iPhone 11. I'd wait for the Earnings in October.
Apple's iPhone 16 Pre-Order Struggles: A Buying Opportunity?Apple Inc. (NASDAQ: NASDAQ:AAPL ) has always been a tech behemoth, but its latest iPhone 16 launch appears to be facing some turbulence. Analysts are reporting weaker-than-expected pre-orders, with the first weekend sales estimated at around 37 million units, a 12.7% dip compared to last year. But could this moment of weakness actually present an opportunity for investors? Let's dive into the technical and fundamental aspects of Apple's current standing.
Weak iPhone 16 Pre-Orders and AI Lag
The most significant concern surrounding Apple’s recent performance stems from the iPhone 16’s pre-orders. Analysts, including Ming-Chi Kuo from TF International Securities, project a 12.7% decline in pre-orders compared to last year, underscoring a drop in demand for Apple’s latest flagship device. This decline in demand is primarily attributed to Apple’s sluggish pace in the artificial intelligence (AI) race.
While AI innovation has taken center stage in tech, Apple has yet to make significant strides in this area. The lack of AI features in the iPhone 16 has left many potential buyers underwhelmed, especially in China, where local competitors like Huawei are ahead in integrating cutting-edge AI into their devices. In fact, Apple has been knocked out of the top five smartphone sellers in China for the first time—a sobering signal of the challenges ahead.
The AI sector is rapidly expanding, and Apple’s reliance on OpenAI’s technology for AI features in its iPhones is becoming a liability, especially given the Chinese government’s stringent policies against foreign AI technologies. If Apple does not address this gap soon, its position in the global smartphone market could face more significant challenges.
Despite these obstacles, Apple is not out of the race. The company has a history of overcoming setbacks and bouncing back stronger. Apple's short-term hurdles might be part of a larger, strategic approach. Many analysts speculate that Apple could be holding back major feature releases for the holiday season, a time when consumer spending surges. If enhanced AI capabilities are introduced in the coming months, especially in tandem with the shopping season, Apple could see a significant boost in sales.
Moreover, Apple’s foray into health tech with the new FDA-approved sleep apnea detection feature for the Apple Watch Series 10 shows that the company is still innovating in other areas. This feature could be a game-changer for millions of people with undiagnosed sleep disorders, opening up a new market segment for Apple’s wearables.
Technical Analysis: AAPL’s 3% Decline and Key Support Zones
Now, turning to the technical aspect, NASDAQ:AAPL stock is down 3% during Monday’s trading session, marking a pullback from its recent highs. While this decline has raised eyebrows, it’s important to note that Apple’s stock has been in a continuous uptrend since June 2019, showing incredible resilience over the years.
The stock's recent decline is partly due to lower-than-expected iPhone 16 pre-orders and broader concerns over its lag in AI innovation. However, NASDAQ:AAPL stock has formed a major support zone at the $125 pivot level. This zone correlates with the consolidation area observed on November 30, 2023, marking a potential bounce point for the stock.
The stock’s Relative Strength Index (RSI) is hovering around the mid-50s, suggesting that while the stock isn’t oversold, it’s approaching levels that could attract buyers. Additionally, NASDAQ:AAPL is still trading above several key moving averages, offering further support for a potential reversal. Investors looking for a technical entry point might find this level particularly attractive, especially if the stock can hold the $125 support level and begin to rally.
Why Apple Stock May Still Be a Buy
Despite weaker pre-orders and concerns about AI innovation, there are several reasons why NASDAQ:AAPL remains a compelling buy at this stage:
1. Strategic Timing: Apple often introduces new features and technologies closer to the holiday season. It’s plausible that the company is withholding some of its most compelling AI advancements for the peak shopping months in November and December.
2. AI Potential: While Apple may currently lag in AI, its history of integrating groundbreaking features into its ecosystem should not be overlooked. If Apple rolls out significant AI updates within the next 12-18 months, it could trigger a renewed interest in its product line and drive stock price appreciation.
3. Long-Term Growth: Apple’s stock has demonstrated long-term growth and resilience, bouncing back from setbacks in the past. Its ability to navigate challenges in China, coupled with a potential holiday-season boost, positions NASDAQ:AAPL for a recovery in 2024.
4. Health Tech Advancements: The FDA’s recent approval of Apple’s sleep apnea detection feature for the Apple Watch further strengthens its position in the health tech market, which could open up a lucrative revenue stream. With 30 million Americans affected by sleep apnea, this feature could see widespread adoption, boosting sales of the Apple Watch Series 10 and Ultra 2 models.
Final Thoughts
Apple's current dip, driven by weaker iPhone 16 pre-orders and a lack of AI innovation, may present a buying opportunity for long-term investors. While the stock is facing short-term headwinds, its strong fundamentals, history of innovation, and potential AI advancements in the coming months could set the stage for a strong rebound.
Investors should closely monitor Apple’s performance in the upcoming holiday season, as this could be a critical period for the company to regain momentum. For now, the $125 support level may provide an ideal entry point for those looking to capitalize on any future upside. As always, it's important to stay informed on new developments and keep an eye on Apple’s evolving strategies, particularly in AI and health tech.
