There is no trade recommendation. Just for study purposes.
Level marked in the chart.
Excellent opportunity in Apple - Add 50% at 173 and the remaining 50% at 166.
Stop Loss - 1 % of portfolio.
Apple analysis:
* RSI is hovering around the 50 mark, a sign of lack of market direction (not over-bought or over-sold)
* Two touches of the support but price is still trying to move upwards. If we see a repeated return to that level (See ACTIVISION) then I would expect a brief sell-off - followed by buyers stepping back in and the current support acting as...
APPLE 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for the Apple
My idea is that the stock will go higher
Target
160
190
I hope my idea is clear
Support me by like and share
Good luck💰💯
FA Event: Stock split, retail may jump in on a pump initiated by institutions. Not an easy trade by any means, we do have momentum on our side but $408 is the end of what could be an AB=CD pattern shown on the chart. Expecting a pull back to get in on a scalp trade.
Long apple. Note key levels on the chart. Following strict stop loss.
If we re-test 397.80 Level...
1. Price action has shown a bounce off good weekly structure support.
2. 0.618 FIBB levels aligns with structure as well.
3. 200 Day moving averages on the weekly aligns as well with structure.
4. Good risk reward
5. RSI Bullish divergence on daily chart and oversold conditions.
* The high confluence of indicators and price actions gives us enough confidence for...
