In this analysis, I will be taking a purely technical approach to Apple (AAPL), and why this might be a good buy opportunity. Analysis - To begin with, we can see that the stock is moving in an overall uptrend - It has completed a textbook Elliott Impulse Wave (12345) count, and has been consolidating in a bullish pennant structure - Within the triangle, we can...
I'm predicting a bullish price action of AAPL based on the following indicators: 1. 10 SMA > 20 EMA 2. Chaikin Money Flow in an uptrend and just turned +ve. Continuation of this is essential. 3. Breakout of triangle wedge, followed by backtest, and then a clean bounce.
AAPL current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 105 setting up for a medium term wave (5) rally that could last for months. Notice the slight lagging indication compared to the S&P but this is a very healthy consolidation pattern ready for a breakout. Check Video...
Break above blue resistance trendline then Bull Target $117 Unable to break blue resistance trendline then Bear Target $110 - $107.5
Wave ABCDE Correction - Need to perform Wave E Target ~$120 Bear Case: If $116.8 loses support then Target $115.5
It's time to take a side. It touched the major trendline and got rejected multiple times and failed to breakout the trendline will lead to go below $100.
Doing a breakdown of $AAPL's movement today, and what we may see tomorrow!
📈AAPL LONG H4 🛒BUY above = 111.60 🎯Target1 = 114.25 🎯Target2 = 115.90 🎯Target3 = 118.60 🛑Trailing Stop loss = 107.20 ❌Cancel trade and open reverse trade = 107.20 🙈Recommended risk = 1-2% #AAPL #AAPLLONG #BUYAAPL
Bull Case: Target $111.96-$114.45
Bull Case Target $114.3-$116 Bear Case: Bearish flag -Target $107 Suggestion: Sell before tomorrow market close For Alerts, I charge 5-10% of your profits (I get money only if you get profits). DM me for details.
Calls are cheap and in a short-range. Good risk/reward ratio. *Not investment advise, only entertainment *
AAPL holding above @116.60-116.70. Play invalid below @114.94
Bull Case: Target $116.5 (Resistance) will be reaching by next Mon - Tue For Alerts, I charge 5-10% of your profits. DM me for details.
I believe we will see a small bounce based on the fact that the support held yesterday. The earnings are on the way as well, this could cause a run up to it. The earnings itself however, might be negative. Looking to sell before it imo. Target is included in the charts.
Bull Case: Retest $119.3 Bear Case: Break below $115.8 Target $112.75 I hold puts for this week. Good Luck.
Should have been VERY obvious that Apple would run up into the iPhone 12 announcement and selloff once the release was made. Very typical action here. However, with a new confirmed uptrend in place, we expect that AAPL wants to fill the gap from the 117-120 area which also coincides with a backtest of the consolidation triangle. Scaling into new a AAPL position...
📈 NASDAQ:AAPL LONG D1 🛒BUY above = 117.75 🎯Target1 = 121.20 🎯Target2 = 123.30 🛑Stop loss = 112.15 🙈Recommended risk = (1%-2%)
AAPL mirroring moves from past movements.