Technical Analysis (TA) - Trading Perspective
Apple Inc. (AAPL) has been trading in a downward channel, recently testing a key reversal zone around $242.50. The stock has broken out of the descending wedge pattern and is now at a decision point:
Support Levels:
$240 – Major support, aligned with the recent price action.
$230 – Key downside level, a break here could trigger further selling.
Resistance Levels:
$250 – Major resistance & reversal zone, aligned with the call gamma wall.
$255–$260 – Further bullish targets if momentum sustains.
Indicators:
MACD: Turning positive, signaling momentum shift.
Stochastic RSI: Overbought zone, indicating a potential pullback.
Volume Profile: Strong resistance around $242.50, with buyers stepping in.
GEX & Options Trading Perspective
Gamma Exposure (GEX) suggests that options positioning could influence price action significantly:
Highest Positive NetGEX / Call Resistance: $250 – This level is critical resistance where price could slow down.
2nd & 3rd Call Walls: $255 & $260 – If AAPL breaks above $250, gamma-driven buying could push it toward these levels.
Put Wall Support: $240 – This is the main support area based on put positioning.
IV Rank (IVR): 46.6 – Moderate volatility, suggesting decent options pricing.
Sentiment: Puts 17% – Slightly bearish, but positioning suggests a possible squeeze.
Trade Scenarios
Bullish Play:
Entry above $243 with a target of $250-$255.
Stop-loss below $240 to minimize risk.
Bearish Play:
Short position below $240 with a target of $230-$225.
Stop-loss above $243.
Conclusion & Suggestions
AAPL is at a key decision point. A clean breakout above $242.50 could trigger a gamma squeeze toward $250+, while rejection here might bring it back to $230 support. Watch volume and price action at these levels carefully.
📌 This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before trading. 🚀
Apple Inc. (AAPL) has been trading in a downward channel, recently testing a key reversal zone around $242.50. The stock has broken out of the descending wedge pattern and is now at a decision point:
Support Levels:
$240 – Major support, aligned with the recent price action.
$230 – Key downside level, a break here could trigger further selling.
Resistance Levels:
$250 – Major resistance & reversal zone, aligned with the call gamma wall.
$255–$260 – Further bullish targets if momentum sustains.
Indicators:
MACD: Turning positive, signaling momentum shift.
Stochastic RSI: Overbought zone, indicating a potential pullback.
Volume Profile: Strong resistance around $242.50, with buyers stepping in.
GEX & Options Trading Perspective
Gamma Exposure (GEX) suggests that options positioning could influence price action significantly:
Highest Positive NetGEX / Call Resistance: $250 – This level is critical resistance where price could slow down.
2nd & 3rd Call Walls: $255 & $260 – If AAPL breaks above $250, gamma-driven buying could push it toward these levels.
Put Wall Support: $240 – This is the main support area based on put positioning.
IV Rank (IVR): 46.6 – Moderate volatility, suggesting decent options pricing.
Sentiment: Puts 17% – Slightly bearish, but positioning suggests a possible squeeze.
Trade Scenarios
Bullish Play:
Entry above $243 with a target of $250-$255.
Stop-loss below $240 to minimize risk.
Bearish Play:
Short position below $240 with a target of $230-$225.
Stop-loss above $243.
Conclusion & Suggestions
AAPL is at a key decision point. A clean breakout above $242.50 could trigger a gamma squeeze toward $250+, while rejection here might bring it back to $230 support. Watch volume and price action at these levels carefully.
📌 This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before trading. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.