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Mishka1
Dec 18, 2021 2:43 AM

APPL - Where would/should we consider buying? Long

NASDAQ:AAPL1W
Apple Inc.NASDAQ

Description

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This analysis is based on an expected short-term retracement, the question is where we may consider looking long rather than chasing the short.

*Weekly Candle formation ( dark cloud cover.

*Daily confirmed Double top.

*Completed AB=CD and reacted exactly from the completion zone.

*RSI Divergence - Daily.

*MACD crossed over - Daily

Possible buy/accumulation zones - top or bottom of the channel diagonal Support/resistance (details in Video).
Trend AnalysisChart PatternsTechnical IndicatorsAPPLappleapppleapplestockappllong
Comments
Investmentsgr
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Nice chart/video. Agree, it will correct. But always difficult to trade short term. It would be interesting to revisit your Nov 20 BTC chart. Thank you for sharing.
Mishka1
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@Investmentsgr, Thank you, not sure what you mean by "always difficult to trade short term". The idea was going LONG after a correction, not a short-term correction chase.
Investmentsgr
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@Mishka1, agree 100% going long after a correction! I meant that it is difficult to trade in and out of APPL. Hope to see your BTC chart! Thank you for sharing.
Mishka1
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@Investmentsgr, here is my current BTC chart. on the smaller time frame, we can see a bullish wedge forming. Longer-term I would like to accumulate long around 41.5K, being a key support zone.
Investmentsgr
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@Mishka1, nice chart. Agree. Possible, buying opportunity 42000 – 40000 range. Thank you for sharing.
Mishka1
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@Investmentsgr, My Pleasure.
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