After selling off along with the rest of big tech over the passed few weeks, AAPL has seemingly found a bottom here. Will be watching AAPL closely for a run-up into earnings on 7/26'- AAPL is usually a classic case of "Buy the Hype, Sell the News" as it usually has a nice runup to earnings and proceeds to selloff as everything is already priced in.
However, that is most certainly not the case this go-round. AAPL is holding a nice falling wedge on the daily & 4-Hour timeframes and closed the week sitting right on its 20-day EMA. Additionally AAPL closed on the daily timeframe with a MACD golden cross, some bullish divergence on the RSI on the 4-hour timeframe, as well as a holding a bullish Gartely Harmonic pattern formed on the (See Attached Charts Below). Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below
--4-Hour Timeframe--
--Previously Charted--
PT1- $142.51
PT2- $145.39
PT3- $147.96
PT4- $150.10+
However, that is most certainly not the case this go-round. AAPL is holding a nice falling wedge on the daily & 4-Hour timeframes and closed the week sitting right on its 20-day EMA. Additionally AAPL closed on the daily timeframe with a MACD golden cross, some bullish divergence on the RSI on the 4-hour timeframe, as well as a holding a bullish Gartely Harmonic pattern formed on the (See Attached Charts Below). Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below
--4-Hour Timeframe--
PT1- $142.51
PT2- $145.39
PT3- $147.96
PT4- $150.10+
Trade closed: target reached:
All price targets reached ✅