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Moshkelgosha
Oct 14, 2021 1:40 PM

Is this a good time to buy Apple? 

Apple Inc.NASDAQ

Description

To answer this question let's break it down:

Multi-Timeframe Analysis:

Hourly Chart: Getting out of the downward channel and finished pullback (Bullish)



Daily Chart: First higher low with above-average volume! early bullish sign!


Weekly Chart: 6 weeks price decline in a row! (Bearish)


Monthly Chart: Confirmation of the Bearish engulfing! (Bearish)


An alternative scenario:



Conclusion:
In lower time frames we have early signs of an upward move but higher timeframes are contrary to this!
A neutral position is the most likely scenario unless apple closes above 145!

I prefer to wait for a more reliable entry point




Comments
ivanlarav
Do you think a straddle is a good strategy with apple right now?
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