AAPL LOOKING LONG TERM BULLISHWhile there is some uncertainty in the great market, AAPL appears to have a bright future. The chart structure appears to be in greater degree wave three, which has substantial upside to come. That said, the markets don't move in a straight line and when breaking down the potential micro counts, the current downward push appears to be losing steam quickly. That said, I would look for support to hold in the current zone, as low as 200, followed by a strong reversal to the upside. Let the volume be your guide.
4AAPL trade ideas
MUTED REACTION ON APPLEThe first interest rate cut of the cycle is finally here, we will find out what the Fed decides on Wednesday and there is a growing feeling that a 50 basis point is adjacement is possible. Whe. it comes to APPLE ,Apple Inc. (AAPL) is experiencing a mix of factors influencing its stock performance in September 2024. The company’s recent product launches, particularly the iPhone 16 and AI-powered features, were met with muted market reactions, as we await for sales data to gauge consumer demand. Despite this, many investors remain optimistic about Apple’s long-term prospects.
This stock is a moderate buy in a long term. However, challenges like weaker-than-expected consumer electronics demand and global macroeconomic factors could impact its performance in the near term .
We are also keeping an eye on Apple’s expansion into healthcare, as its AirPods received FDA approval to serve as over-the-counter hearing aids, which could open up a new market . Additionally, concerns about Apple’s reliance on Chinese manufacturing and the potential impact of ongoing geopolitical issues may affect investor sentiment moving forward .
AAPL, short, Entry: 219.90, Stop: 221.16, Timeframe: 1h**Trade Type:** short
**Ticker:** AAPL
**Entry Price:** 219.90
**Stop Loss:** 221.16
**Take Profit 1:** 218.05
**Take Profit 2:** 216.88
**Risk/Reward Ratio:** 2.48
**Timeframe:** 1h
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
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Consolidation and … continuation soonI am anticipating a short-term drop to 210 if we break below 217, which has proven to be a strong support level.
13 September - Today, pre-orders start, and analysts will be closely watching the progress. There’s bound to be plenty of news, and to top it off, it’s Friday. Given this, I expect we may see at least a 1-2% drop, especially considering it’s September…
Aside from one positive—FDA approval of their hearing aid software—Apple doesn’t have much good news. Here are the major concerns:
Apple’s market share in China is falling faster than expected. We’ll see the full impact in future earnings reports.
Apple lacks its own AI model and is partnering with OpenAI. To me, this is a major strategic failure, especially compared to Google, which is doing far better in this space.
The iPhone 16 release is becoming less exciting. Apple has been focusing solely on processor and camera upgrades year after year, neglecting the need for innovation in AI, design changes, and tech beyond hardware.
Vision Pro: This was a clear miss. I bought one and ended up returning it. A big letdown was that I couldn’t even create a separate user profile for my wife. So Apple expects me to spend £4k just for some immersive videos? That’s just ridiculous.
Apple price is consolidation zone.Apple Inc. (AAPL) Technical Overview:
Based on recent technical analysis, Apple stock is currently trading within a consolidation zone, having failed twice to create new higher highs. This suggests that the price area between $231 and $235 is a strong resistance level.
When analyzing using Bollinger Bands on the weekly and monthly charts, we observe increased volatility around the $243 level. The Stochastic RSI on the weekly timeframe is indicating a potential buying opportunity; however, on the monthly timeframe, the Stochastic RSI is signaling that the stock is in overbought territory.
To break through the resistance zone, fundamental catalysts such as the upcoming iPhone 16 launch could play a significant role in driving momentum. It is crucial to keep an eye on such key events to assess potential market reactions.
This analysis is provided for educational purposes only and should not be considered financial advice.
AAPL: Key points for the medium and long term. (D&W Charts)Looking at the daily chart of AAPL, there is a noticeable bullish reaction above the 38.2% Fibonacci retracement level, indicating that buyers have stepped in to defend this level. This suggests that there could be some bullish momentum building from this area, especially as the price begins to rise after this pullback. The 38.2% Fibonacci retracement has provided solid support, and the current price action suggests that the stock could challenge previous highs if this level holds. The next key resistance would be around $233, which represents the most recent high.
On the weekly chart, the key zone marked in yellow highlights an area of significance where price action has previously reacted both as resistance and support, another example of the Principle of Polarity. The current bounce from this zone reinforces its importance, particularly as the stock has used this area to pivot higher in the past. The strong move back up from just under $200 shows a possible bullish continuation pattern if the stock manages to hold above this key level. The 21-week EMA is providing dynamic support and is still trending upward, which supports the overall bullish outlook.
In summary, AAPL has found support at a critical Fibonacci level and historical support zone, and if the stock can sustain momentum above these areas, it could challenge its previous highs. The price action on both the daily and weekly charts suggests a potential bullish continuation, especially if these support levels hold.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
APPLE REVISES ITS POLICYFollowing the European Commission's announcement in June that Apple violated the Digital Markets Acts with its App Store anti-steering rules, the world's most valuable company has revised its policy. Apple introduced new fee structure for the EU App Store link outs, this allows app developers to include link that directs customers to a web page where they can complete transaction. I am long here friends . good luck
Apple Inc. (AAPL) chart analysisThe stock chart for Apple (AAPL) highlights the formation of an Ascending Triangle pattern. This is a bullish continuation pattern characterized by a rising support trendline and a horizontal resistance level, as depicted by the converging red lines.
In an ascending triangle, the rising support indicates that buyers are stepping in at progressively higher levels, while the horizontal resistance suggests that sellers are capping gains at a certain price level. This pattern generally suggests accumulation, where buying pressure builds up, and it often leads to a breakout above the resistance line if enough momentum gathers.
At the moment, AAPL is approaching the resistance line but has not yet broken out. If the stock price moves above the resistance level with strong volume, it could signal a bullish breakout, leading to a new leg higher. However, if the price reverses and breaks below the support line, it could signal a bearish move, making it essential to watch the coming price action closely.
Given the upward slope of the support line, the bias remains bullish, but traders should remain cautious until a clear breakout occurs.