Let´s jump right into the AAPL stock analysis on the 3-day timeframe perspective. Since December 2022 AAPL has shown up with a strong upward movement almost printing over 40% and moving into all-time-high spheres from where a interesting formation is building now. Looking at my chart AAPL is building this massive broadening-wedge-formation which is a formation that I already wrote about in previous ideas. Such a formation has the potential to unfold a massive breakout expansion similar to a triangle or a flag formation.
Currently AAPL is holding strongly above the 50-MA and is penetrating the upper boundary of the broadening-wedge-formation giving great signs for a breakout to emerge within the near future. Once this breakout has emerged it will be the setup for a great run towards upper spheres and a continuation towards the minimum target zone seen in my chart. Once these targets have been reached and AAPL shows the ability to continue with increased momentum this will lead to the continuation within the bullish continuation zone as marked in my chart.
Thank you everybody for watching. If you liked my idea feel free to support and let us move forward together.
VP
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Breakout above the boundary emerged.
Further continuations expected.
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AAPL fundamentals point to high-tech improvements in the company.
Such factors play a key factor in the upthrust of the price-action.
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AAPL is forming bullish candles also on the local timeframes.
The price-action is now trading above important supports mainly determined by the wedge-completion.
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ANALYSIS UPDATE: The AAPL price-action pulled back into the appropriate orange confirmation area and from there on perfectly bounced upward. ✔
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ANALYSIS UPDATE: The AAPL upper target-zones are still active as AAPL moved on with completing the massive broadening-wedge with the confirmation bounce.
Once the targets have been reached further assumptions according to the market conditions need to be made.
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ANALYSIS UPDATE: AAPL continued with the major broadening-wedge completion confirmation set up to accelerate the further bullish dynamics.
AAPL already with the completion of the broadening-wedge activated the upper target zones.