Here is a short analysis on the price chart of the stock the Apple. I use a combination of trendlines, key levels, fibonacci retracement and EMA's to find areas of confluences with an increased chance of the price reacting to a certain area.
I have identified two potential buy areas, one with the 200 EMA and the 23 fibonacci level and another one with a key level, trendline and the 100 EMA. I have also supplied two arrows drawn from the EMA's, meaning that the EMA's should continue in the same direction and move into the green areas. If they do not, come into these areas, the setups are not valid anymore.
These areas can also be used for daytrades, but be wary that you can only enter these trades when the price hits the box at the right time (the time at which the box has been drawn).
I have identified two potential buy areas, one with the 200 EMA and the 23 fibonacci level and another one with a key level, trendline and the 100 EMA. I have also supplied two arrows drawn from the EMA's, meaning that the EMA's should continue in the same direction and move into the green areas. If they do not, come into these areas, the setups are not valid anymore.
These areas can also be used for daytrades, but be wary that you can only enter these trades when the price hits the box at the right time (the time at which the box has been drawn).