AAPL - possible retraceBearish engulfing candle forming. Daily BB extending beyond the weekly, while KST is rolling over and the Chaikin oscillator remaining negative.
AAPL trade ideas
AAPL to 250 before EOYI believe since AAPL has just broken out, it will move up more based on momentum and overall bullish market. $250 is key IMO
NFA - Simple momentum and Fib based analysis. I use institutional data to confirm my thoughts too.
Cheers
easy long play on Apple mid-termnice candlestick pattern, apple 1M chart forms a sequence of three distinct candlesticks within the broader context of an uptrend.
Perfect with the drop of AI play by Apple, serious and simply AI, not like other AIs play for the fomo and to the moon shit.
Put Vertical Debit Spread on AAPLImplied volatility is going to shoot up. This is the first time I am attempting a trade based purely on volatility. I got a 195 put with 17dte for .87 and sold a 192 put for .55 and a total of 5 contracts each.
I am planning to close at a LMT of .65 on all.
The Boudhimi Bands 3rd sigma was pierced, volatility would demand a drop, I do believe AAPL may continue up, but it will drop enough to fill my spread and make a few short term puts valuable. Maybe.
I went long aapl this morning near the low take profits now the chart posted was an easy trade this morning with so many long puts trapped at the low the calls were a free $ day 21 % gain in my calls look now for a pull back in aapl to buy long next week I have a cycle peak in VIX best of trades WAVETIMER
Apple1I think the $200 peak was broken and liquidity was withdrawn. As is known, when a strong peak that is also an integer number like 200 is broken, it often results in a violent rise. I believe we will see a correction before the upward trend is completed, or the price will reverse.
AAPL: Buy ideaBuy idea on AAPL as you see on the chart because we have the breakout with force the resistance line by a big green candle with a large green volume.
Bear Put Spread on AAPL 4 DTEApple's Dev conf is today, so this is similar to playing an earnings play, also AAPL is at major resistance, would need massive bullish rise to break up imho.
6/10/2024 AAPL Bear Put Spread Debit -195 +197.5 Jun 14th
Premium: $111
Cap requireD: $139.00
78% gain on capital allocated
Apple’s AI May Not Be Enough to Spur Another RallyThe tech giant unveiled highly anticipated generative artificial intelligence (AI) features for its devices and turbocharged its voice assistant Siri, which can now take cross-app actions. The new functionalities will be available with the next operating systems (typically rolled out in autumn) in the most recent devices capable of handling the heavy workloads. The AI features could generate excitement around Apple’s products, get people to buy the latest devices and reinvigorate its sluggish sales.
Apple’s stock registered a relief rally in May, largely due to optimism about the expected generative AI announcements, now being at striking distance of new record (199.62). AI is expected to fuel a recovery in the smartphone market and could help Apple’s top and bottom lines if done right.
On the other hand, Apple’s entry to the AI arena is late, far from groundbreaking and mostly a catching up exercise. Its lack of innovation along with other factors have hurt its sales, which have shrank for five of the past six quarters. Monday’s announcements may not be enough to sustainably take revenues out of contraction and drive the stock higher.
AAPL dropped yesterday as markets appeared underwhelmed and the RSI’s divergence lower could lead to a pullback towards the EMA200 (black line). Daily closes below it however that would pause the bullish bias have a higher degree of difficulty.
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Past Performance is not an indicator of future results.
APPLE Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 196.91
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 188.16
Safe Stop Loss - 201.94
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AAPL Shares Drop Following the Apple Intelligence PresentationAAPL Shares Drop Following the Apple Intelligence Presentation
Yesterday, 10 June, at the WWDC2024 conference, the American corporation Apple unveiled its new artificial intelligence system, Apple Intelligence (AI).
Apple Intelligence will allow users to enhance their text and communicate more effectively: rewriting, proofreading, and summarising text almost everywhere, including in mail, notes, pages, and third-party applications. The Rewrite function will enable changing the tone of messages, adding jokes, and rephrasing sentences.
Key features include:
→ AI's capability to understand the user's "personal context."
→ AI's ability to generate unique photos, sketches, and illustrations in Notes, Freeform, and Pages.
→ Apple confirmed its collaboration with OpenAI during the presentation.
However, on the same day, AAPL shares fell nearly 2%, with high trading volumes on the Nasdaq—over 97 million shares were traded, compared to an average volume of about 59 million.
Is this a sign that investors were disappointed with the presentation? Looking at AAPL’s stock chart today, it suggests that the decline might be due to the significant $195 level per AAPL share.
Technical analysis of AAPL’s chart shows that:
→ The price attempted to hold above $195 three times (end of July 2023, December 2023, end of January 2024) but failed. The proximity to the crucial psychological mark of $200 per share seems to be a factor.
→ The RSI indicator is near the overbought zone, motivating a price correction and profit-taking near key resistance (after a rally from A to B of almost 20% in less than two months)—this could have driven yesterday’s decline.
→ Yesterday’s candle formed a bearish engulfing pattern.
If the correction continues, AAPL’s price may fall within the ascending channel (shown in blue) to its lower boundary. A key support level might be around $180.40:
→ Approximately the 50% Fibonacci retracement level from the bullish impulse A to B.
→ The upper boundary of the bullish gap from early May.
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easy long play on Apple mid-termnice candlestick pattern, apple 1M chart forms a sequence of three distinct candlesticks within the broader context of an uptrend.
Perfect with the drop of AI play by Apple, serious and simply AI, not like other AIs play for the fomo and to the moon shit.
Double bottom aaplAm i the only one saw double bottom pattern on aapl daily and weekly?
I think it is a good idea to go long on aapl.
The "Magnificent" 7 does not look so Magnificent.The magnificent 7 uphold a lot of weight in the QQQ, S&P Index and a responsible for a large percentage of their gains.
In fact they hold so much weight of the QQQ that if you held the Q's rather then the MAG 7 you would have earnt 1/3.
By holding the SPX you would of earnt 1/5 of the amount.
Since mid 2012.
So a underperformance of these stocks would largely drag down both index's
Other divergence to be displayed in the index.
The magnificent 7 as a comparison to QQQ.The magnificent 7 as a comparison to QQQ has currently broken out of a long term rising wedge. As expected this is a sign of momentum of a trend coming to the end. As these stocks hold up the weight of the QQQ, NDX, and S&P 500.
A break of a trend on such a wide timeframe could very well conclude any significant gains and possibly the start of another bear market.
As you can see each higher high it made the RSI diverged quiet significantly suggesting momentum each high was less significant then the previous.
I found a interesting post on Rising wedges by another Trading View member that I will post below.
However, in the short term momentum is looking bullish possibly due to equities seasonality.
