If answer is yes, it shouldn't move below 164.80 and it needs to break 169 again. Apple was always bullish before earnings (even in 2018) I'm expecting a turn around this week and reclaim 170-175 zone again.
Apple showing weakness, couldn't find demand around 179 and turned out bearish. If indices showed weakness with CPI data, Apple can test lows again.
If volume staying at that lows ( 25% below avg.) I don't think it can break supply zone for new highs. Volume needs to be serious. Solid News (other than hedge fund price rates) should come out. Most valuable company in the world. Near 3 trillion market cap. 7% of entire SPY Short term bearish. IMO
Algos programmed for 15 days cycle and any news or data can not change their direction ( Even FED's hawkish speech) Retailer lost too much gas in last 2 weeks. When you decided to surf wave, algos might change side and market can go so quickly down. Before FED's May meeting, expecting pull back (big or small it's up to algos) Not trading until significant...
With FED's rate hiking decision market just got a breath in short term and made best week since Nov 2020. Relief Rallies are so normal during bear market, And it doesn't mean pull back is over. Same relief happened in 2008 and indices finished year with 30% lost. I was expecting this move because of the number of put options. Similar technicals played out on Feb...
FED will decide rate hiking and if FED increase rates as planned, I believe indices will breath for a short term. (Look Euro Zone- didn't change rates DAX etc rallied 5% There is a long weekend, everyone watching closely Ukraine invasion. Positive news might cause a relief rally before FED meeting. Expectation short term relief and test 430-435 but long term we...
Fancy words can not save us, Oil is going to skyrocket, Inflation will be worse, 374 is my target before any new highs. 425 important support for bulls, Next week CPI data will show who is talking truth
Intel forming a IHS pattern on hourly chart, target 51.83 and there is a gap around 51.25, If INTEL can break neck line,it might fill gap
There is strong trend support around 39, and 43-44 works as a support almost half decade, buyers coming between 39-45
AMD one of the best stock in bad environment, when other doing bad, AMD always one step ahead from everyone. 247 usd will bring 300 billion market cap and still there is so much room for growth I'm not certified advisor. Its not an advise
Hello traders, While other than BTC everything climbing up, something chopy here and looking for long opportunity here. There is two strong trend line showed on analys (Red and Blue) My entry points; Watch 42-43 line if line hold add long if broken line i will wait dip Thanks, All my idea and not investing advice
Similar candles showed on chart, Put/Call OI also another sign for a significant pull back to down. Side Also today's twit from Elon musk about recession in 2022
Will 2 years cycle cycle repeat itself in 2022? How far it can go?
Supply and demand zone shared Broken strong trend support will bring SPX first 4500 and then 4250 zone. SPX just started show weakness after increased QE and signaled 3 rate hike in 2022 My opinion before 2022, bull season will be ended.
Have a good weekend traders. Targeting 3T USD Apple reached first trillion market cap after 42 years. Apple reached two trillion market in 2 years And now in just 16 months Apple can add another 1T market cap. Technical, Apple in overbought zone Apple trading out of bollinger bands. RSI showing a negative divergence MACD same with RSI P/E ratio historically...
Apple needs to cool down. SPY and QQQ way behind of AAPL
Apple driving SPY and Friday morning with CPI data we will see more volatile price actions here. 148 or 190
Hello traders, Overall SPY holding much better than 85% of stocks. In 2 weeks we just witnessed every day a new 52 wk low in stocks. Some news from WHO, there is no recorded death case because of Omicron, hospitalizations and ICU treatments still low. Symptoms mild. Fear & Greed index historically at low. If Bulls can protect trend line, my target before new...