Apple keeps testing that 138$ resistance, MACD hour about to turn bullish, we keeping making higher lows and making more aggressive tests of that 138$ level... this thing is gonna have a crazy rip higher once 138$ is breached... be patient and get ready for a big payday when 138$ is breached
@AdamFleish lol, it actually bounced perfectly off that trend line today... historically the only thing foolish regarding apple stock is the fools shorting it or trying to trade it, it’s a long hold bud, and my beautiful trend line is still in tact... what exactly is foolish tho? I’m curious what you’ll say, I want a good laugh and entertainment haha
UnknownUnicorn3811160
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@AJBLASTOFF, TA= on the H1, H4, D at lower BB just holding on.
MACD= BEAR, worse on the weekly, daily.
Stoch= deathX on the daily, about to on the Weekly.
BIG GAP AT 90$ needs to be filled. test lower weekly BB.
Market Cycle top in distribution phase. plateau
Logistic curve top.
now island top on NDX!
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FA
I'll give you :
7nm(A13) EOL
CHIP SHORTAGE!!!
market saturation
dividend increases ..
just need the silver sparrow( unknown fundamentals) to really kick it off, but it will not take much now.
tell me something bullish? but your right time will tell..GL
AJBLASTOFF
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@AdamFleish those are fair and good points, MACD on the 1hr and 4hr do look bad... something bullish, read the description I wrote in my original post... if apple truly goes to the 90s it will have essentially a sub 20 PE ratio and would be a absolute steal... I believe the QQQ have a downside of 9-10% maximum (due to strong support lines) so no way apple underperformes the QQQ given the last 2 quarters... time will tell and I see your points, stock market is uncertain now and if trend was broken I would sell... but it’s holding and the bounce we had today was really strong given the severity of the initial drop this morning
UnknownUnicorn3811160
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@AJBLASTOFF, Distribution phase is very difficult, sometimes bullish sometimes bearish.
Aapl has been in a plateau for months now.. I give it 1 out 4 to break up past 143....that gap needs to be filled. Trajectory is down.
Fractal of interest
AJBLASTOFF
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@AdamFleish sorry I meant to say 1 day MACD not 1hr**
UnknownUnicorn3811160
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@AJBLASTOFF, I don't see it..zoom out some more on the weekly....gap at 90$ ... also now hanging man on SPX caused by the fake break out from the ER push.
AJBLASTOFF
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@AdamFleish I understand your points and appreciate your input... I am well aware it can go either way and I know apple has a history of dipping 30-50%... But my mind state and game-plan is in place and I see a lot of bullish cases for this stock (read the description in my post).. if this stock dips meaningfully lower than my trend line, I will trim my position... that’s the plan, so untill than I will hold, and yes, holding this stock this year has been painful unfortunately but I think It will turnaround... but I fully hear and see you bear cases and I do respect them... I’m long this name but I’m monitoring it super close as I am well aware the turbulence ahead