AAPL set to beat ATL

AAPL is currently sits inside a very weak closing wedge (rising) with multiple incompletions, which technically invalidates the whole formation. Many simple touches and very few solid open/close candles at the formation borders. Stock is still above all MAs and enjoys "OK" volume . It's unclear if that pump has already occurred or not, in my personal opinion it's still to happen. It's likely to quickly beat the ATL to indicate a future second attempt, but any breakout above the failed wedge will result in a reversal shortly after to sub 200's.

What to look for: As you can see in my previous chart (attached below), the simple highs don't really matter, but it's the opening and closing points of the candles that the stock needs to get right. If after the reversal both (averaged) highs are "about level", you'll have an adam & eve reversal confirmation.

As for a new ATL , I don't see the stock going higher than 240 at this point, my guess is 234-236 based on the 'monthly' b-band lines. There could be a quick lower retest around 220 before attempting the run-up. If any of that should change, I will update.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out