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Apple Could Be Attempting a BreakoutRecent sessions have seen shift toward cyclical stocks and value names like energy and financials. This follows hopes of Pfizer’s coronavirus vaccine restoring things to normal. The key word, of course, is hope . Even if the vaccine works, we don’t know how quickly the economy may return to its previous pace. But for a tech stock like Apple there are things we know . We know the new iPhones are getting orders. (Just look at Qualcomm’s numbers.) We know Tim Cook just unveiled some powerful new Macs with in-house semiconductors. And we know that Big Tech has been the backbone of this market all year. We also know that AAPL has gone nowhere for almost three months. (Its current price is comparable with August 20-21.) This chart shows a falling trendline along the peaks of September 2 and October 13. AAPL’s been fighting it since November 5 and is trying to break it today. The stock has also pressed into a tight range, seen here in the Bollinger Band squeeze. Third, in addition to the trendline, AAPL is fighting back above its 50-day simple moving average (SMA), plus its 8- and 21-day exponentials (EMAs). Finally, MACD has turned positive again. Is the longer-term bull trend in big-cap tech going to return? We’re not sure. But if any stock is going to tell us, it will probably be AAPL. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:AAPL
by TradeStation
RECAP on $AAPL So as predicted again. WE got the consolidation under resistance on the daily and finished the day choppy and without a decision on where AAPL wants to go. That is represented in the Spinning Top Candle on the daily where buyers and sellers tried but no one won. We didnt get the usual AAPL pump but with so much overhead on the chart it couldn't be done without conviction. The probability of AAPL seeing downside relies heavily on the movements of SPY, but if we get a market wide pullback we could see outselfs at support quick. A break here would have us under the EMAs and my HULL indicator. We will see if anything yields from the bullish spinning top, Any upwards movments from SPY could send us over the daily resistance and up on a bullish trend! Happy trading!
NASDAQ:AAPL
by SimpleStacks
AAPL LIVE. What it looks like at a major resistance. Today following my analysis and watching my indicators i figured that we would test this major resistance on the daily ascending triangle. This goes higher, if we do not gap up over resistance then we may see downside. With the electionresults coming this could present an opportunity for a gap up and then a retest of that resistance of support so if you are swinging calls and you are in our chatgroup with us. We will be on live watching premarket movement to get a solid idea of how we will be moving the days following. I am playing option contracts going out till NOV 20 and DEC 18. We havent missed one swing trade this week. This is why T&A is so important. keep eyes on $spy So far we have hit $BABA $AAPL $GRWG $BIIB $ACB $CGC $ZM $FB $NIO $LI and $KNDI for some account flipping gains. These levels are going to be retested going forward. Trying to see when
NASDAQ:AAPL
by SimpleStacks
1
AAPL needs a push from $SPY to continue after the break.If you watched my last video I set two levels as my prediction from AAPLS range today. It respected it well. Other Tickers such such as $NIO and $CVS which I Signaled in my channel. Held up well against the markets downside today. AAPLs divergence stayed true today as we saw a tight range , but regardless we continue up I believe. If you are long on AAPL make sure you are well hedged with UVXY or VXX calls. If i am bearish on this i am looking for a retest of the previous resistance turned support. The market makers are strong...but are robinhooders stronger?
NASDAQ:AAPLLong
by SimpleStacks
Make or Break Time for Apple?This week has been all about Apple. It jumped on Monday amid iPhone 12 optimism, hit a wall and has been consolidating since. This brings up an important level on multiple time frames. First, on the weekly chart, AAPL’s high the week ended September 11 was $120.50. Monday’s rally broke above it and today’s pullback revisited it. This level could be very important. Will old resistance become new support? Second, on the daily chart, AAPL is holding above moving averages like the 21-day exponential (EMA) and 50-day simple (SMA). These lines are unusually close to each other, which creates the potential for a bullish expansion. Look back to August-September 2019 for a similar pattern: Third, the hourly chart shows AAPL opening below $119 but quickly rebounding. If it manages to claw back above the $120.50 weekly line, it could be a false breakdown. (Also potentially bullish.) Earnings are due in exactly two weeks. Coming sessions will likely bring increased chatter and potential early readings of interest in the new iPhone. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:AAPLLong
by TradeStation
1
Nasdaq Reasserts Itself vs. the Russell 2000One common pattern this year has been sporadic rallies in the Russell 2000 , followed by longer periods of malaise. We saw it in June, early August and again in the last 1-2 weeks. Each time, it’s been followed by a shift back to Big Tech, Growth and the Nasdaq-100. The same process seems to be happening right now. This chart shows our Smart Relative Strength indicator, comparing the Nasdaq-100 to the S&P 500 with a 21-day interval. Notice how it started turning positive last week and has continued since. There are some other bullish signs for the Nasdaq. One is the bounce around 10,800. This was an important consolidation zone in July following a large engulfing candle. Another potentially bullish sign is the way prices snapped back above the 50-day simple moving average (SMA) on September 28. It’s held that line since amid some retests below. NDX also held the 21-day exponential moving average (EMA). Finally, MACD is now rising. The Nasdaq didn’t have a lot of catalysts in September, and its heavy price action reflected that. Now with Apple ’s product launch and Amazon Prime Day tomorrow, price action is starting to perk up. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:NDQ
by TradeStation
2