Time for correction?
W1 – A triangle pattern may form. If this changes the direction of the trend, we could see a move towards the lows to 123.61 in the longer term.
The grounded option is a correction, and we see the price moving towards the level of 156.87. If the price retests the level of 171.22, then the road to a fall is open.
What can you...
Is this a top or just a sideways correction to pattern out excessive price gains that are above current fundamentals?
This is the big question when studying stocks right now.
NASDAQ:AAPL is definitely not a sideways trend right at the moment, but is it a downside run after a top? What is missing? There are 2 lower highs BUT just ONE lower low.
- As you can see in our daily chart, we expect that AAPL continues to do a correction
- H1& H4 right side is turning down
- Don't buy AAPL now in short term
- Wave W in red can be a short term buy opportunity when it's completed
Extremely powerful indicator that will improve your trading
Thought I would put out a different type of video explaining this very powerful Indicator.
Bitcoin looks fantastic and the ALT Market is in its bottoming phase. ALT Season is coming. The Bottom is almost in. Be Prepared to make life changing money in the coming bull market, you only get one good shot...
AAPL forming a ROUNDING TOP on the MONTHLY chart? Could be a macro bearish reversal for this giant before it grows again?
Or will it simply fall to the 150 range and continue bouncing upwards on that yellow trendline?
I am BEARISH in the short to mid-term. The whole market will turn over giving the global macro conditions as well as piling national economic...
APPL (1D) - Quick Analysis
Apple's price action has filled it's August gap (White Dotted) and turned lower pushing past the 12, 26, and 50-day EMA's in one swoop. Both RSI and OBV have created trend lines (Yellow Solid) that the indicators look to be respecting with failed retest; as RSI is on the verge of pushing below the 50 level.
Apple not delivering good stuffs this year.
They only repurchase their stocks by using their cash on hand.
Im expecting 200$ high of apple.
If this idea works , then we see a decline on others stock too.
Trade at your own decissions
Apple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching higher since January.
But that ride is over. The stock fell 10% in a week and still failed to attract buyers. It finally broke down last week before reversing higher.
But that rally failed. And AAPL is again breaking through short-term support.
Our job as traders is not to predict. It is not to guess. Our job is to INTERPRET the market action.
Apple, at least in my opinion, is showing very obvious signs that the party is over and institutions are dumping the stock.
Here is my quick 10-minute analysis of why AAPL is a short here, along with a simple option trade and how you can spot similar setups in the future.
If you haven`t bought AAPL here:
or shorted its exposure to China:
Then entered the Technical rebound:
Now analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the $192.50 strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $6.05.
The chart is looking like NASDAQ:AAPL has put in a top. If it breaks the structure (blue line), I think chances are $77 gets hit on the move down.
Let's see how it plays out over the next 6 months to a year.
Are you ready to witness the next big thing in smartphones? Brace yourselves, as Apple's upcoming iPhone 15 will take the tech industry by storm! With its groundbreaking features and cutting-edge technology, the iPhone 15 puts the company in a massive position of strength.
The rumors are already spreading like wildfire, and it's no surprise that Apple fans...
What costs $3500 and leaves the user vulnerable to being pranked from ‘friends’ whilst wearing it? Yes, Apple’s augmented reality headset, which comes in ~3x more than one made by Meta. You can read up on all its features and Apple’s latest announcements elsewhere. As what we’re focussing on today is that Apple’s stock closed lower on the day it unveiled its...