🔹Hello traders, Let's review and go over analysis and strategies for AAPL As you can see, price has been floating up and down for some time now. And what I'm wondering about is if price is just gonna fill out this gap that is in the market ( the red zone. ) And continue down as Apple has been down for a day or two now and Price has formed this nice inner downtrend line which I'm expecting a bounce of Here in the upcoming days for Apple my target would be the main trend It's also marked out on the charts But there's also a slight possibility that price could go down to 157$ is a major trend has formed there or price could just reverse at main target area 175$ But I'm also expecting a major pullout of this zone after the pullback recharge zone Has been filled out. and I'm expecting Apple to go up to 240$ In the next three months.
🔹NEWS : BofA analyst Wamsi Mohan upgraded Apple stock to buy from neutral and raised his price target to 225 from 208.
Apple stock advanced 3.3% to close at 188.63 on the stock market. In a positive sign, Apple stock broke through a downward trend line on Thursday. It now is trying to reclaim its 50-day moving average line.
In a client note, Mohan predicted a "stronger multiyear iPhone upgrade cycle" as consumers replace older handsets to take advantage of generative AI features coming this year and next.
Apple's Vision Pro spatial computing headset also should provide a sales lift, he said. Preorders for the device begin Friday, with product availability starting Feb. 2.
Apple Stock Upgrade Follows Two Downgrades
Mohan also forecast higher growth in services as Apple better monetizes its installed base.
Plus, risks around legal issues facing the company are "manageable," he said. Those legal issues include antitrust actions and patent infringement lawsuits.
Meanwhile, sentiment in Apple stock should turn more positive as investor attention shifts to the Apple Vision Pro launch and AI-enabled iPhones, he said.
Earlier this month, investment banks Barclays and Piper Sandler downgraded Apple stock on concerns over weak iPhone sales.
🔹Reasons : As you can see, there is this nice inner down trend that I'm expecting a bounce of + a retest of monthly low / continuation and a liquidity grab as price will be grabbing the liquidity below the lows. And a break of inner turn level. As you can see, prices have turned at this area up and down bullish and bearish for the most bearish and for the visible range Hvn - HVN represents a price level with a significant amount of trading volume. If price breaks the inner downtrend I wouldn't personally go short
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🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
✅Advice ✅
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
🔹NEWS : BofA analyst Wamsi Mohan upgraded Apple stock to buy from neutral and raised his price target to 225 from 208.
Apple stock advanced 3.3% to close at 188.63 on the stock market. In a positive sign, Apple stock broke through a downward trend line on Thursday. It now is trying to reclaim its 50-day moving average line.
In a client note, Mohan predicted a "stronger multiyear iPhone upgrade cycle" as consumers replace older handsets to take advantage of generative AI features coming this year and next.
Apple's Vision Pro spatial computing headset also should provide a sales lift, he said. Preorders for the device begin Friday, with product availability starting Feb. 2.
Apple Stock Upgrade Follows Two Downgrades
Mohan also forecast higher growth in services as Apple better monetizes its installed base.
Plus, risks around legal issues facing the company are "manageable," he said. Those legal issues include antitrust actions and patent infringement lawsuits.
Meanwhile, sentiment in Apple stock should turn more positive as investor attention shifts to the Apple Vision Pro launch and AI-enabled iPhones, he said.
Earlier this month, investment banks Barclays and Piper Sandler downgraded Apple stock on concerns over weak iPhone sales.
🔹Reasons : As you can see, there is this nice inner down trend that I'm expecting a bounce of + a retest of monthly low / continuation and a liquidity grab as price will be grabbing the liquidity below the lows. And a break of inner turn level. As you can see, prices have turned at this area up and down bullish and bearish for the most bearish and for the visible range Hvn - HVN represents a price level with a significant amount of trading volume. If price breaks the inner downtrend I wouldn't personally go short
🎁Please hit the like button and
🎁Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
✅Advice ✅
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
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