Apple stock ready to surge after long consolidationApple stock ready to surge after long consolidation
APC trade ideas
My view of AAPLWe have a classic case of stock price rest on support. We've seen multiple reactions in that area of support our trendline is adding on as confluence to this trade idea. Risk accordingly
Apple: Two ways to the same goal 🛣️We primarily assume that Apple shares will swing higher again in the short term with a countermovement and then extend the high of wave X in turquoise. It should then later enter our green Target Zone ($161.90 – $140.32) with the subsequent wave Z. If, however, the price chooses our alternative scenario (35%) our Zone will be targeted directly.
[AAPL] Apple downside now ?Apple Inc. (AAPL) has recently undergone a significant development as it broke a crucial support level around $180.0. This breach occurred following the formation of a double top pattern on a long timeframe, signaling a notable shift in market sentiment.
The current price action shows a slight pullback around the $177.8 level, indicating potential rejection of the price at this level. However, it's important to note that this particular entry point may not be optimal for establishing new positions due to the inherent uncertainty and risk associated with the recent breakdown of support.
Given the less-than-ideal nature of this entry, risk management becomes paramount. Consequently, any positions initiated at this stage should be kept at minimal size to mitigate potential losses. Moreover, a strategy of being prepared to exit swiftly is advisable, especially if the price fails to gain momentum or starts to exhibit further weakness.
It's crucial to remain vigilant and closely monitor price movements, particularly around the $177.8 level. Should the price dynamics change, and $177.8 begins to play a significant role again, there may be an opportunity for re-entry with a more favorable risk/reward profile.
In summary, while the recent breakdown of support presents a notable development in AAPL's price action, caution is warranted in entering new positions at this juncture. Maintaining strict risk management protocols and readiness to adapt to changing market conditions will be essential for navigating the evolving landscape of AAPL's stock.
Great Trade !
AAPL MIGHT BREAK THIS KEY LEVEL NEXTThe price has once again found its support on the highlighted key level where I believe the price will further continue to fall with a clean bearish breakout on the highlighted level. For this to happen, we are required to confirm a bearish breakout first before attempting to do any sell-off. Also on the bigger picture, the price has created a double top formation.
The price breakout on the key level is expected to revisit the bottom support highlighted at $145 region.
AAPL ranging into support and resistanceAAPL can hold support below and the same with resistance above.
Breaking out higher could retest the recent lower, higher placed / the prior lows slightly above.
Breaking down could seek a convergence of support below.
Breaking down would signify a double top, neckline break of a larger picture suggesting continuous downward pressure.
Apple Ready For A Serious Short Campaign?A potential decine of up to 80% in long time favorites will certainly be unpopular. It is the same persistence in close mindedness that causes persistence in trend. It is the persistence in trends that drive prices wildly above or below fair value. As the pendelum swings reality tends to lie in the middle....
Decines in price are often seen as though there is something wrong with the underlying asset. Buyers see nothing wrong so there is no reason to suspect any decline often until it is far to late. The cause of the decline simiply has nothing to do with the underlying asset there is something wrong with buyers which can only be seen on the tape.
Persistence of trend causes buyers to fuel a continous feed back loop in one direction until liquidity runs dry, buyers are exausted, a new trend begins in the other direction and persists until once again foolishly out of proportion and reverses.
While there is no crystal ball the same the loss of momentum into a curved top is a signature signal of an exausted trend on micro and macro. The same pattern can be observed repeatedly on any time frame and typically leads to a reversal or long drawn out reaccumulation.
Current Trading Plan:
Short the high of every rally...
This is a monthly chart
Trade Well...
Your Friend,
Degen
AAPL: Expects Breakdown (bias short)There are 2 ways that AAPL can move but I have a bias for it to breakdown instead of us. The reason is because the entire market has overran too far and too long in an almost straight line way and it seems like most are on the peak.
Apple: Target Zone in Sight
Apple is nearing our target zone, showing the weakness we wanted to see. Today, we've observed a 3% drop. We expect a few more percentage points to fall before reaching the target zone for Wave 2, which is between 50 and 78.6 percent. Looking at our 2-hour chart, we're now seeing the 5-wave structure we anticipated. This entire scenario would likely be incorrect if we exceed the invalidation line. However, we should continue to see this downward trend, ideally towards Wave (b), around $165.67. Then, we should form Wave (iv), followed by Wave (v), with our entry between $161.55 and $140.45. After this, we should continue with the overarching Wave (5), eventually completing it. If we get stopped out here we anticipate Apple to fall significantly lower as said in the past, but for now we hold this scenario.
Apple Tests Long-Term SupportWith Apple dramatically underperforming the wider market, we shine a spotlight this tech giant as it retest key levels of long-term support.
Apple Decline Amid Market Rally: A Departure from Historical Trends
Apple's share price has declined since the turn of the year due to various factors such as slowing iPhone sales, antitrust concerns, and perceived lag in the AI race.
However, long-term Apple bulls argue that this decline is exaggerated, as corrections are common and Apple has historically rebounded from sell-offs to reach new highs.
Yet, the current situation differs from the past as Apple's decline coincides with a broader market rally, indicating a departure from its usual trend of rallying alongside a broader increase in risk appetite. This discrepancy is significant, Apple’s share price is currently down -8.61% year-to-date versus an S&P 500 index which has rallied nearly +10% during the same period.
Contrasting with its typical behaviour of rallying in sync with market gains, this deviation from historical patterns suggests a unique situation for Apple in the current market landscape.
Deciphering Apple's Price Chart: Support and Resistance Dynamics
On the price chart, Apple's long-term technical structure forms a trading range, with resistance evident at the July and December 2023 swing highs, and support seen at the swing lows formed in September and October 2023.
Support and resistance levels have the potential to influence market behavior, as they tend to reflect market sentiment and trader psychology. Traders who previously bought Apple shares in October 2023 and witnessed a subsequent 20% rally may be inclined to buy again when prices retest that support level.
However, blindly buying at support levels disregards Apple's current underperformance and the negative momentum in its share price. In recent months, the shares have formed a descending trendline, and the RSI indicator remains below 50.
Those considering buying at support levels would be wise to wait for confirmation from price action, such as a large bullish candle or a fakeout hammer candle indicating buyer interest. Such signals would suggest a resurgence in buying activity.
Conversely, a break and consolidation below the support zone would mark the end of Apple's long-term trading range and could potentially trigger a more significant sell-off.
AAPL Daily Candle Chart
Past performance is not a reliable indicator of future results
Risk Management
Apple has an Average True Range (ATR) of $3.19 – traders can use this as a baseline expectation for daily price movement and factor this into to stop placement and price targets.
On the economic calendar, Friday’s US monthly unemployment rate has the potential to increase the volatility of Apple’s share price.
Apple will release Q2 2024 earnings on Thursday 2nd May.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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APPLE CALLThere are signs the price is bottoming out and appears to be forming a double bottom formation. Expecting the price to reverse from this demand zone and test previous zones of interest at $178. If the trend continues, we can expect the price to test the next zone at $188.
Looking AAPL bullish very soon. 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
AAPL March 15, 24: A Bear Flag?As it is trading below both the moving averages MA-50 and MA-200, we should expect NASDAQ:AAPL to go down further.
Until it doesn't.
To be clear, I am not shorting NASDAQ:AAPL , do not have any plan shorting it, and never ever short any stocks in general.
As described initially about the stock in an another post in the related idea section, I am looking for entry point when the stock stops moving down and starts to move up again.
Part of this plan is to look for reversal pattern.
Currently there is not any, only possible continuation pattern for the down move.
AAPL April 4, 2024: Trending Down Together With MA-20As of April 4, 2024, NASDAQ:AAPL has been moving in the range $170 - $176 for nearly 1 month since March 6, 2024.
It keeps trending down together with its MA-20, with a failed move up on March 20. On April 4, it also touched the MA-20 only to reverse down together with the overall market and closed at the lowest level.
A stock can keep going down until it stops going down. We never know when it WILL stop going down. But we always can wait for a bottom pattern to form.
APPLE seems finalising bearish movement - soon bullish ?AAPL trading bearish for a long time in bullish channel. Now price reached strong support level. My idea to wait break-out of channel, then wait for retest and buy it on retest. Overall fundamental analysis for me also shows soon price will start moving to upside.
AAPL: Incremental rebound expected toward 174 and 179AAPL has shown signs of bearish exhaustion and is likely to slowly rebound towards 174. There's a potential upward movement that could push the price higher, possibly reaching the 178/179 range by the end of April. Traders are expected to show buying interest around 168 and 170.
Confluence of Indicators Pointing Towards Imminent Trend Shift?Apple Inc. (AAPL) stock is currently showing mixed signals on the daily timeframe when assessed with the Ichimoku Kinko Hyo indicator. The price is trading below the cloud, indicating a bearish bias in the market. The conversion line (blue) is below the baseline (red), which often suggests that bearish momentum is present. However, the lagging span is above the price from 26 periods ago, which can sometimes indicate weakening bearish momentum or a potential reversal.
The Fibonacci retracement drawn from the swing low at approximately $165.61 to the swing high at $182.61 reveals that AAPL recently bounced off the 61.8% retracement level at $172, which is commonly known as the 'golden ratio' and considered a critical support zone. This level often attracts buyers and can be seen as a potential turnaround point for the price.
Volume patterns show some increased activity on down days, with a notable red volume bar indicating selling pressure. However, the lack of consistent high volume on the downtrends suggests that there may not be a strong conviction behind the sell-offs, which could lead to a potential stall or reversal in the downtrend.
The RSI is currently hovering around the 41.60 mark, which is neither in the oversold nor overbought territory, indicating room for the stock to move in either direction. However, it is worth noting that the RSI has been rising recently, hinting at increasing bullish momentum and a potential shift in sentiment.
In the short term, investors may look for a confirmation of a trend reversal if the price can close above the Ichimoku cloud with increasing volume. Additionally, a sustained RSI move above 50 could further validate bullish momentum. For now, the 61.8% Fibonacci level appears to be acting as a robust support, suggesting a cautious approach for both buyers and sellers until a clear directional bias is established. As always, traders should consider the latest news and market conditions before making any investment decisions and be mindful of potential risks involved.
Traders may want to keep an eye on the $172 support level. A definitive break below could see further downside with the next level of interest at the 78.6% Fibonacci retracement near $168. Conversely, a rebound off this level with accompanying bullish indicators may present a buying opportunity, with initial resistance likely at the baseline of the Ichimoku cloud.
This analysis is for informational purposes only and does not constitute investment advice. Always do your own research and consider your investment goals and risk tolerance before participating in the market.
Red AAPLApple double top seeing a push downwards towards the trendline. Weekly MACD crossing into red. Cherry on top: Tim Cook selling shares
✅APPLE NEXT MOVE|SHORT🔥
✅APPLE is going down to retest a horizontal support of 165.79$
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 172.00$
LONG🚀
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Apple Reports Soon. Can it Bounce?Apple has lagged for months, but some traders may expect a recovery.
The first pattern on today’s chart is the emerging double-bottom around $168.50. AAPL bounced at that level in early March and is trying to hold it again. The kind of price action may suggest the downtrend is slowing – at least for the time being.
Second, the tech giant is expected to report earnings in the next few weeks. Considering the nearby support, will sellers wait for the approaching catalyst to push the downside? That could give an edge to buyers in the near-term.
Third, MACD is starting to rise.
Next, consider the falling trendline along the recent highs. Closing above that line may also suggest the near-term direction is less bearish.
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Apple and Microsoft: Which Stock Offers Greater Tech Potential?Apple and Microsoft: Which Stock Offers Greater Technical Potential?
Reading time: 7 minutes
Tech giants Apple (ticker: AAPL) and Microsoft (ticker: MSFT) both outperformed last year, adding 48.0% and 57.0%, respectively. Both are also part of the widely talked-about Magnificent Seven Stocks (includes Amazon , Nvidia , Meta Platforms , Tesla and Alphabet ), which collectively rose nearly 80.0% in 2023, according to the Bloomberg Magnificent Seven Total Return Index. However, while Microsoft has continued to climb higher in 2024 (+13.0% year to date), Apple has struggled to find acceptance at higher levels (-12.0% year to date).
According to an analysis of the weekly timeframes, the technical picture for Apple and Microsoft is interesting for the months ahead.
Trend?
Microsoft's shares are in a solid position in terms of trend. A basic analysis of the stock’s trend illustrates that the company’s share price is in a clear uptrend, forming an all-time high at $430.82 in recent trading. This is positive for buyers and could encourage investors to buy into this market.
On the other hand, Apple’s shares show that while the stock formed an all-time high at $199.62 in late 2023, the technical environment suggests trouble could be ahead for the stock price. The weekly chart is in the process of forming a double-top pattern off all-time highs and is closing in on the pattern’s neckline at $165.67. A break here would be considered technical confirmation for bears to target lower levels, with a price target generally based on the difference between the highest peak and the neckline, which is then extended from the breakout point to form a profit target.
Both stocks also remain above their 200-week simple moving averages. However, Apple is poised to converge and retest the upper edge of this dynamic value if the double-top pattern’s neckline is engulfed, with Microsoft diverging from the moving average.
Momentum?
The price of Apple shows that the Relative Strength Index (RSI) suggests average losses are exceeding average gains after crossing below the 50.00 centreline. This tells us that the stock is in a phase of negative momentum and does not bode well for buyers, particularly as there is still room for the indicator to continue moving lower until the oversold area (0.00-30.00).
Regarding Microsoft's stock, early negative divergence from the RSI is displayed around the overbought area (100.00-70.00). This indicates that while price action may have shaped higher highs in line with its current trend, momentum is slowing for now. Does this mean we will see a reversal here like Apple? No, not necessarily. While negative divergence should not be overlooked, this may be a false reversal signal or just a signal that the market is pausing for breath before pushing on to fresh all-time highs. Investors will want to see the RSI explore lower levels below the overbought area and maybe probe beneath the 50.00 centreline to confirm upside momentum is weakening for this stock.
Given the above, there is some uncertainty with both stocks at the moment.
Volume?
Volume studies for Apple’s stock remained consistent since early 2023, fluctuating around the 20-period average. For investors who focus on volume, there is not much to go on right now. What could excite investors, nevertheless, is a breakout above the average volume at a point when support enters the market or price breaks above resistance. One thing to bear in mind is that average periods of volume tend to be followed up with phases of increased volume and possible price breakouts.
It is clear for Microsoft that although price continues to make higher highs, volume is unsupportive. It is trading below average volume (20 periods). Investors who analyse volume are unlikely to be willing buyers at this point. An uptrend that lacks volume suggests that investors lack enthusiasm for the stock and that this is perhaps a weak rally we’re seeing.
Price Action?
Sticking to basics, we can see that both Apple and Microsoft benefit from nearby potential trendline support. Apple, at its current price, has support in the $155.00 area. This consists of trendline support drawn from the low of $53.15 and another potential trendline resistance turned potential support drawn from the high of $182.94.
However, for Microsoft's price, there is trendline support seen closer, taken from the low of $219.35.
Out of the two markets, Apple’s trendline support combination is the more attractive in terms of technical confluence.
Apple or Microsoft?
While opinions will differ on which stock has the greater potential, both appear worthy of attention.
According to Apple's technical position, it has room to continue moving lower to the double-top pattern’s neckline at $165.67. This, coupled with Apple’s trend being meaningfully weakened and the RSI trading below the 50.00 centreline (negative momentum), may cause technical analysts to deem this a bearish market for the time being. What is likely to attract bullish eyes, nonetheless, is the trendline support combination around $155.00 and the nearby 200-week simple moving average. However, bear in mind that at this point, technical selling will also be present on the back of the double-top neckline breach.
Although Microsoft is showing early negative divergence from the RSI, it is unlikely to be sufficient to draw in sellers right now and could remain overbought for prolonged periods. Should Microsoft form a correction and volume continue to slow, investors could buy the dip from trendline support. Both stocks have declining volume, yet both have the potential to see above-average volume, particularly if buyers step in at trendline supports.
So goes Apple so goes the market? The old wall street adage! so goes apple....
Were at a pretty interesting level.
Are market makers going to make this breakdown in apple easy?
A head & shoulders breakdown is now on watch for a confirmed break.
This does imply a decent down move and will undoubtedly weigh on markets if it happens.
Keep an eye on the second largest company in the world.
