Apple (AAPL) has been trading within a Channel Up since the start of the 2008 U.S. Housing Crisis. With a massive recovery/ rally in the following years and an obvious deceleration/ maturity since the 2022 Inflation Crisis, this pattern has a very distinct structure that long-term investors can take advantage of.
As you can see, the 1M MA50 (blue trend-line) is the market's multi-year Support. Since the March 2009 break-out, every contact (and near approach) with that trend-line (5 so far) has been the ultimate long-term buy entry.
That happens when the Channel Up tops (Higher High) and Bearish Legs (Cycles) are initiated that lead to those 1M MA50 bottoms. What confirms those Bear Cycles is a break (and monthly closing) below the 1M MA20 (black trend-line). The market came close to testing this last month.
Based on the more recent 4-year Channel Up, Apple can make contact with its 1M MA50 again around $210. The ultimate Buy Signal will be given by the 1M RSI, when it hits its 17-year Buy Zone. It has done so during every Bear Cycle bottom.
As far as Apple's next potential High, we expect that to be around $320, which represents an almost +60% rise from the 1M MA50, a standard Bullish Leg within the 4-year Channel Up.
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As you can see, the 1M MA50 (blue trend-line) is the market's multi-year Support. Since the March 2009 break-out, every contact (and near approach) with that trend-line (5 so far) has been the ultimate long-term buy entry.
That happens when the Channel Up tops (Higher High) and Bearish Legs (Cycles) are initiated that lead to those 1M MA50 bottoms. What confirms those Bear Cycles is a break (and monthly closing) below the 1M MA20 (black trend-line). The market came close to testing this last month.
Based on the more recent 4-year Channel Up, Apple can make contact with its 1M MA50 again around $210. The ultimate Buy Signal will be given by the 1M RSI, when it hits its 17-year Buy Zone. It has done so during every Bear Cycle bottom.
As far as Apple's next potential High, we expect that to be around $320, which represents an almost +60% rise from the 1M MA50, a standard Bullish Leg within the 4-year Channel Up.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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🔥My Account Management (+20% monthly target for $30k+ accounts)
Contact: info@tradingshot.com | t.me/tradingshot
Disclaimer
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Trade directly from TradingView with fixed spreads & zero commissions.
Broker I personally use👉 tradingshot.short.gy/TradeNation
🔥My Account Management (+20% monthly target for $30k+ accounts)
Contact: info@tradingshot.com | t.me/tradingshot
Broker I personally use👉 tradingshot.short.gy/TradeNation
🔥My Account Management (+20% monthly target for $30k+ accounts)
Contact: info@tradingshot.com | t.me/tradingshot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
