The APPLE stock price crosses over the Risological swing trader dotted line on on May 3, 2024 giving us a clear bullish trade setup.
LONG Trade Setup
Entry 185.5
Current trailing stop loss at : 203.6
Overall gain from the entry: 22%
Last profit target is at 254.5
Congratulations, who made profit!
Exactly 3 months ago (May 02, see chart below), we called for a strong buy signal on Apple (AAPL) and it dully delivered as 2 days ago the stock completed three straight green months with a new All Time High (ATH):
The recent weekly pull-back shouldn't allow you to diverge from the bigger picture and on this analysis we look at it from a 1M time-frame...
Broke out of the all time high level. Since in september new apple products will be availabel for sale and AI things around Apple will trigger this stock.
Pair : AAPL - Apple Index
Description :
Completed " 12345 " Impulsive Waves
Resistance Level
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame
It wasn't long ago when we called for a buy on Apple's (AAPL) absolute technical bottom (April 25 and May 02, see charts below respectively):
Needless to say that the 198.00 Target has been smashed. As the price reached the top (Higher Highs trend-line) of the 20-month (blue) Channel Up, the stock turned sideways and has been consolidating for the past 4...
Pair : Apple Index
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 161.8%
Rising Wedge in Short Time Frame
Apple's fiscal second-quarter earnings report presented a mixed picture for investors. While earnings per share (EPS) surpassed Wall Street expectations, overall revenue and iPhone sales experienced a decline. However, the company's massive share buyback announcement signaled confidence in its future.
Earnings Beat Expectations, Revenue and iPhone Sales...
Apple (AAPL) dived by -18% from the December 14 2023 High and following yet another rejection on its 1D MA50 this week, many turned increasingly skeptical over the stocks future. On this chart however, we examine Apple's ratio against Nasdaq (NDX) and gives a very clear answer.
As you can see, the ratio is about to form a Death Cross on the 1W time-frame, with...
Apple (AAPL) completed yesterday 3 straight green 1D candles, the longest such bullish streak in 3 months (since January 25). The rebound has been initiated inside the Lower Highs Zone that started after Apple's former All Time High (ATH) on January 04 2022.
The are a lot of recurring patterns involved as well, with one being that the current Channel Down that...
The Chinese smartphone market, a crucial battleground for tech giants, is witnessing a significant shift. According to research firm Counterpoint, Apple has experienced a concerning 19.1% decline in iPhone sales during the first quarter of 2024. This slump comes in stark contrast to the impressive 69.7% surge in smartphone sales enjoyed by China's own Huawei over...
The Viz cheat sheet indicator reveals that if the Vix closes above the upper Bollinger band ($19.01) during the next 5 days that means the Apple stock price will increase by 4.11% to $174. Currently the Vix is around $18.
I've tested this indicator the Vix cheat sheet before with quite impressive results.
AAPL Apple WAIT to BUY
If you look at Weekly TF:
there is still room for downside
There is a good support at 170$, however, one should not give any money to market by jumping the gun. Any trade should be initiated only at support OR when price breaks the TL in the direction of our trade.
Better way to initiate a BUY entry would be, when price breaks above the Red...
Are you looking to make a smart investment with the potential for high returns? Look no further than Apple stock (NASDAQ: AAPL). In this supply and demand stock analysis, I will explore the power of supply and demand in driving the value of Apple stock and why investing in this tech giant could be a game-changing move for your portfolio. Read on to discover why...
Apple (AAPL) is exactly -15% down since the December 14 2023 High and is approaching the Support Zone of the October 26 2023 Low. We are currently on the 3rd major correction of the last 18 months and being that close to both the Support Zone and the bottom of the Channel Down, suggests that institutional buying should be initiated.
If the current overall market...
We are updating our Apple (AAPL) outlook on our last analysis a month ago (January 04 2024, see chart below) as the price remains under Lower Highs:
The dominant long-term pattern remains a Rising Wedge with the 1W MA50 (red trend-line) providing a strong rebound on February 02, which on the other hand got rejected on the 1D MA50 (blue trend-line). This opens...
Pair : Apple
Description :
Double Top Pattern in Long Time Frame and Rejection from Resistance Level
Strong Divergence in RSI
Break of Structure
Falling Wedge as an Corrective Pattern in Short Time Frame
Lower High - Lower Low
