chiefwils0n
Long

Strong Bullish Trend 🔥. Target: $520

NASDAQ:AAPL   Apple Inc
Greetings. Is AAPL overbought? Yes. Is AAPL trading two deviations outside the normal trend? Yes. However, my philosophy is to "trade the trend." Don't anticipate the market; instead, participate.

Currently, AAPL hasn't given any signs of slowing down the recent uptrend. In fact, if you look at the Accumulation / Distribution indicators, demand for AAPL is rising rapidly as more and more buyers accumulate shares. This is likely due to the fact that in order to take advantage of the 4:1 split, effective 31 August, investors must acquire AAPL shares not later than 24 August (Monday), and hold them until 28 August (Friday), when the split will take effect after close of business. Therefore, I anticipate a bullish Monday wherein price could reach upwards of $520 / $540 with relative ease.

The directional movement index (DMI) and average direction index ( ADX ), are both trend strength indicators, and right now, they both scream THE TREND is EXTREMELY BULLISH! In fact, I anticipate a pre-market gap up as more traders have time over the weekend to digest today's bullish move. Fear of missing out and greed are two very powerful motivators for traders. On 31 August, traders may decide to take profits, which means heavy selling....but it's purely speculative at this point. One thing is certain - I'm looking forward to Monday 😎.

Happy Trading!
Trade active: BTO: 9/18 AAPL $500 C
Trade closed: target reached: AAPL has hit this target already at $130. The stock split 4:1 ($520/4 = $130), but TV doesn't update the value on the ideas.

Comments

TY for the analysis chief! Do you think right now is a good buying opportunity for apple even if it keeps hitting ATHs?
+1 Reply
chiefwils0n learner22
@learner22 , Hi. Thanks. Options buyers still have bullish sentiment toward AAPL. Yes, but It all depends on your goals. Apple is the #1 USA company by market capitalization. Why not invest for the long haul, irrespective of the future market corrections?
Reply
learner22 chiefwils0n
@chiefwils0n, Thank you for the educational insights!
Reply
ProfessorBurns chiefwils0n
@chiefwils0n, Wouldn't you suggest buying stock then? Or LEAPS? Short term calls may get the average investor burned here for APPL in the upcoming weeks.
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chiefwils0n ProfessorBurns
@ProfessorBurns, AAPL has hit this target already. $520/4 = $130. The stock split 4:1, but TV doesn't update the value on the ideas.
+1 Reply
nycfancy chiefwils0n
@chiefwils0n, great point! I'm waiting for the pullback and adding more or sell now and adding more when it's pullback?
+1 Reply
chiefwils0n nycfancy
@nycfancy, I don't sell my AAPL shares. I hold for the long-term, and buy more on dips and retracements.
Reply
nycfancy chiefwils0n
@chiefwils0n, Thanks! I'll follow you!
+1 Reply
nycfancy chiefwils0n
@chiefwils0n, I will check your post often and see what it is next entry.
Reply
Can you please update this aapl chart when you have a chance bro? thanks
+1 Reply
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