Apple is in a downtrend and I'm going for a trade on this one.
As shown it's a small trade which should not take too long to reach.
Practicing on these trend trades with these so for me this is also educational.
Thanks for reading.
Apple Inc (AAPL) is already falling and is now trading below EMA10, after breaking it with high volume.
In 2019 AAPL felt below EMA10 twice only to quickly bounce and continue with its uptrend, so what's the difference now?
The first time this happened was back on the 24th January, the second time on the 7th March, each time volume wasn't strong enough. The...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is looking weak and trading below both the daily 50 & 200 simple moving averages.
Conclusion: It is too early to look for shorting opportunities just yet but if price remains below the daily 200 simple moving averages then short trade setups may start to appear.
Apple has been following the trading plan very well since the last release in June.
The high has been worked off and now the first sell-off of wave A could be completed by reaching the 38.2% return and reaching the 50 EMA (monthly) and 200 SMA (weekly).
Therefore, I get off with 50% of my short position and pull the SL to $ 200 and depending on the market reaction...
AAPL has been on a very strong rise since the early January bottom, trading within a steady 1W Channel Up (RSI = 61.638, MACD = 3.680, Highs/Lows = 11.9657) with clear Higher Lows (entries) and Higher Highs (exits).
Every Gap of the late 2018 correction appears to be a target for this Channel Up, which later is turned into a Support. In that sense the current...
Looking at AAPL on the 30 minute. The stock price has been in decline, rallied on based off presidential tweets and trade war "news". Today's catalyst was Trump plans to delay auto tariffs by 6 months. That was enough to reverse a 200 point loss into a 120 point gain for the DOW.
On this surge, we have a rising price but declining volume divergence....
Looks like AAPL could be forming a possible cup + handle formation on the weekly.
But first the price has to decline a little further. Probably $172-175 before reversal in 2-4 weeks. Like to close at or below $185 this week.
Why 2-4 weeks? That's a rough estimate of when a "trade deal" might be worked out. A successful trade deal will undoubtedly send the price...
Apple is starting wave C of an expanded Flat.
It’s wave 4 of wave 3 of a much bigger leading diagonal wave 5.
I know sounds confusing.
Busy stay with me here.
The whole market is currently in a leading diagonal Last wave of 12345
That means after this c wave we will continue to go up for few weeks or months but then Crush.