APPLE Soars! Long Trade Achieves Key Targets – Bulls in ControlApple has displayed a strong uptrend since the long entry at 184.92 on 7th May, 2024, reaching multiple profit targets as the bullish momentum continued.
Key Levels
Entry: 184.92 – The long position was initiated as the price broke above this level, indicating bullish strength.
Stop-Loss (SL): 174.50 – Positioned below recent support to manage risk and protect against a downside move.
Take Profit 1 (TP1): 197.80 – The first target was achieved, confirming the continuation of the uptrend.
Take Profit 2 (TP2): 218.65 – Bullish momentum carried the price to this level.
Take Profit 3 (TP3): 239.50 – A further extension of the rally will bring the price to this target which looks very likely.
Take Profit 4 (TP4): 252.38 – The final profit target, indicating a significant uptrend since the entry.
Trend Analysis
Apple's price is well above the Risological Dotted trendline, affirming the strength of the uptrend. The sustained upward movement suggests strong market sentiment, with the potential for further gains beyond the final target.
The long trade on Apple has performed exceptionally well, with multiple targets reached. The final target at 252.38 reflects a robust rally, supported by the Risological Dotted trendline and consistent buying interest.
Trade ideas
Apple – Triangle Pattern with Breakout PotentialApple is currently forming a triangle pattern on the chart. If we break through the resistance, my next target is in the green zone, which I've identified as the next key level.
Strategy: I’m watching for a breakout from the triangle, and if it occurs, I’ll be targeting the green zone as the next potential profit area.
AAPL Long IdeaAAPL finally got the big triangle breakout I had been waiting for and rejected nicely off of ATH. Now I'm watching for another long opportunity if it can come back for a retest of the 232-233 area. Shorter term level, but I'd expect AAPL to get more continuation after the triangle breakout so looking for areas with support for a long. Would stop out if it falls below 232 and potentially look for a long on the retest of the triangle below.
What Is Money Flow In & Out of a Stock? And Why Should You Care?Professionals often speak of money flowing in or out of a stock, but how can that be if there is an equal number of buyers and sellers? It is because “Money Flow” comes from the balance of the lot sizes.
There are four possible positions in any one stock:
Buy
Buy to Cover
Sell
Sell Short
Each investor and trader in the stock has their own separate agenda. Each may come from a different Market Participant Group. There are now 9 Stock Market Participant Groups, starting from those who buy first, at the bottom of a new upward cycle:
The giant Buy Side Institutions who invest Mutual and Pension Funds and/or create ETFs and other kinds of stock market derivatives.
The Sell Side Institutions, aka the big banks and major market makers
Wealthy Individual Investors
Corporations
Institutional/ Pro Traders
High Frequency Traders (HFTs)
Small Funds
Individual Small-Lot Investors, Investment Groups and Individual Retail Traders
Odd-Lot Investors
Buyers are anticipating that the stock is going to move up. Their stock order types span the spectrum, for example: Market Orders, Limit Orders, Stop Orders. Buy to Cover Orders are placed by traders who sold short and are now taking profits.
Those who are selling the stock are anticipating that the stock is going to move down. In an uptrending stock, this is profit-taking near the top of the run. It can also be similar in a downtrending stock because the seller is afraid that the stock is going to move down more, and they have been holding through what they thought was a short retracement. Most of these stock order types will be “Sell at Market” (SAM). Sell Short Traders are anticipating that the stock is going to move down, and they can place a variety of orders just like the buyers.
Both Buyers and Sell Shorters are entering the trade, while Buy to Covers and Sellers are exiting the trade.
It is the mix of these different types of buying and selling coupled with the kind of investor or trader and the size of their share lots that causes money to flow in or out of a stock.
If the buyers are mostly large lots and the sellers are mostly small lots, who is in control? The buyers purchasing large lots . This is because, at some point, there will not be enough small-lot sellers, and those who are Selling Short will turn and start Buying to Cover, creating more of a shortage of sellers. Consequently, this will put more pressure on the buy side.
There are always latecomers to a stock run, and they are usually small-lot buyers. As the stock moves up in price, more of the small-lot buyers will step in, pushing the price up even further. Most small-lot buyers typically use a “Buy at Market” Order, which is the worst kind to use to control the entry price.
As the stock moves up further in price, the last of the Short Sellers will panic and Buy to Cover, causing the stock to gap up or jump even higher. This then triggers the large-lot buyers to start selling for profit. As profit-taking begins, the stock dips in price. This causes the odd-lot buyer, who is the last in the market participant cycle to buy, to rush into the stock and buy because they have been told to “Buy the Dip.” By now, the news media has been talking about this stock and its great run. Consequently, the odd-lot uninformed investor finds the dip irresistible and buys on pure emotion without any analysis of the stock. This causes the final gap up and exhaustion pattern.
Now, while all of those odd-lot latecomers are buying, who is selling to balance the equation? Market Makers are Selling Short and the Smart Money, who were the first to enter, are selling to take profits. Suddenly, the large lots are now shifting to the downside, and what happens? The control switches to the sellers who are moving larger lots. Now, money is flowing out of the stock, yet the price may go up briefly before a downtrend develops.
Large lots are usually wiser investors and traders who know more than the other investors and traders. So the giant Buy Side Institutions investing Mutual and Pension Funds, who have access to information often not yet available to Individual Investors and Retail Traders, are called the Smart Money.
It can be assumed that the smaller the lot size, the less the investor or trader knows and understands about the market. As smaller lots move in, a shift of power occurs due to the large lots moving to the sell side, and thus money shifts to flowing out of the stock.
As the stock collapses and reaches a price or equilibrium near a base or bottom, those smaller lots who held through the collapse reach an emotional point of extreme pain of loss and begin to sell in panic. In response, the Smart Money and Market Makers switch roles again, Buying to Cover their profitable shorts and buying to hold as the stock moves up again.
Summary:
Every time you take a position in a stock, there are also three other positions in that same stock. You need to be aware of each of these and make sure that you are with the right group. Most of the time, traders who are having problems with their trades are simply trading with the wrong group. It is important, then, to learn about today's stock market structure and what I call the "Cycle of Market Participants." When traders can trade with the flow of the Smart Money, they have a decided advantage.
AAPL: Momentum Brewing – What's Next?▋Observation & Meanings:
▪The downside breakout from the ranging zone failed, and the price even took out the high of the range, reversing into an uptrend, followed by minor congestion.
▪After reversing the trend, the bulls showed their further intent by breaking above the congestion high.
▋What to expect next?
▪The price has retested the high of the congestion zone, and this level should hold if the bulls intend to maintain momentum.
▋The big 3 zones:
▪The continuation zone:
▫ The next major resistance will be level X.
▫ Although the resistance is significant, this is the third attempt, and with plenty of fuel (position) accumulated below during this period, a breakout is likely.
▫ Additionally, an ascending triangle pattern has formed on the 4-hour chart, reinforcing the potential for an upward breakout.
▫ If the key resistance at X is broken, a short squeeze could occur as sellers are forced to cover their positions, driving the price to the next level.
▪The unclear zone:
▫ If the price falls back into the congestion zone, wait for clearer signals before making a move.
▪The defending zone:
▫ If the price breaks below the defending level, the low of the congestion, the trend will likely shift back to the downside.
▋Don’t predict the price, trade the price.
▋Note: These zones adjust in real time based on price movements and evolving market conditions.
▋Not Financial Advice
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Apple weakness into earningsAlthough Apple tends to exceed expectations on every earnings call, I believe this setup looks bearish. A standard wedge which is one of my most favored setups to evaluate. Steadily falling average volume with a low but not bottomed stochastic RSI. I did mark what I believe to be the general bottom on stochastic for Apple. The OBV has been tested many times, look for a break to the downside. I look for a price of 207$ or at least 214$.
Can the MAGNIFICENT 7 outperform once more?We have seen the Magnificent 7 (Apple, Microsoft, Google, Amazon, Nvdia, Meta, Tesla) underperform historically but since the start of the year this hasn't been as strong as previously (roughly +35% for M7 against + 25% for Nasdaq). The former can be seen on the left chart while the latter on the right. This goes so far against the aggressive nature of the Magnificent 7 (M7), which have outperformed Nasdaq on all previous rallied by around +50%.
In fact the M7's first major rally (2016 - 2018) rose by +140% while NDX's by +97%. The second major rally (2019 - 2021) registered +315% for MA7 and 'just' +185% for NDX. If there is any progression between them, we can argue that the current rallies will be even stronger. Of course the sample isn't big enough for solid conclusions and multi-year rallies can't keep getting stronger on each Cycle for ever.
What is reasonable to count on however, is that as the Fed stepped in recently and gave the market the first Rate Cut in years, a new Cycle of cheap money to invest with has started and we can expect rallies of equal strength with the previous ones. For M7 (+315%) that's $440, so around +60% from the current levels, while for Nasdaq (+185%) that's 30000, so around +47% from the current levels. Not an incredible difference considering the risk that highly volatile stocks like the M7 bear. This could be a sign that the market is shifting to other stocks during this Cycle and the M7 potential may be fading.
In any event, do you think the Magnificent 7 will start to outperform Nasdaq again and if so is this worth the risk than investing your capital on the 100 companies of the index?
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$AAPL Identifying a Macro 5-Wave Structure In this updated chart, I’m highlighting what appears to be a macro 5-wave structure based on Elliott Wave Theory: Here’s the breakdown:
1. Wave 1 starts from a low point and pushes up strongly, initiating the trend.
2. Wave 2 corrects back but does not fully retrace Wave 1, maintaining the overall upward trend.
3. Wave 3 is a powerful impulsive wave that surpasses Wave 1’s high, as expected in Elliott Wave theory.
4. Wave 4 is a corrective phase, with a shallower retracement compared to Wave 2.
5. Wave 5 is currently unfolding, moving upward and potentially marking the final push in this trend before we enter a larger correction or a reversal.
The next step would be to watch for signs of an A-B-C corrective wave once Wave 5 is completed.
Thoughts?
Trade Idea | AAPL Short Trade Idea:
Short Entry: 230.15
Stop Loss: 234.25
Why are we shorting this?
AAPL stock price is overvalued
META 's VR Headset ($299.99) is cheaper compared to AAPL Vision Pro ($3,499)
Latest Iphone model still waiting for AI
Apple Is No Longer in Talks to Join OpenAI Investment Round
Buffet trimmed down his stake already
Ask yourself, what's the next big thing of Apple?
I'll start covering at $218.
What do you think? ...















