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1AAPL trade ideas

AAPL - a bit more to go or has the music stopped?Apple seems to have followed many of the principles of EW on it's climb to here, a short and shallow corrections in wave 2 followed by a deep and long corrections in wave 4 or vice versa. This suggested final wave 5 also appears to have reached some major targets hitting the 0.61 fib extensions of a number of other waves. However, I can't help but think that maybe there is still one more wave to go to complete the cycle on the 0.38 fib extension of waves 1 to 3 of the (labelled here) subminuette waves and the 1.61 extension of 1 to 3 of the current wave, completing as an extended wave 5. Make sense? Lets wait and see what happens.
NASDAQ:AAPLLong
by tomj2417
Apple (AAPL): Bullish Breakout and What to Expect NextApple has broken out above the range between $198 and $165, currently trading around $210. This breakout is seen as very bullish, indicating that we can discard our alternative scenarios. We are confident that Wave (4) completed at $123 and we are now in the larger Wave (5). Current Situation: Elliott Wave Analysis: We believe that the initial super sub-wave ((i)) of the larger Wave (5) needs to correct after the strong rise since mid-April. Correction Levels: We expect a potential pullback to the $185 to $165 range. Whether it will reach as low as $165 remains uncertain. Confluences: RSI: The RSI is overbought but without a bearish divergence, indicating continued bullish momentum with a "normal" pullback. Volume: Support should hold around $175, providing a potential entry point during the correction. Strategy: No Immediate Orders: We are not placing any limit orders yet. Market Report: If we decide to place a limit order, we will issue a market report to inform our group. The outlook for Apple remains bullish. We anticipate a correction within the $185 to $165 range, with strong support around $175. We will monitor the situation closely and communicate any order placements through a market report.
NASDAQ:AAPLLong
by freeguy_by_wmc
Apple Inc. stock, key observations and potential1. Recent price action: The stock recently hit a high around $220, followed by a sharp pullback. This creates a potential "sell point" as indicated on the chart. 2. Short-term outlook: The chart suggests a bearish short-term outlook. After the pullback, there's a note to "Take Profit and watch breakout," indicating a potential further downside. 3. Support levels: Key support levels are visible at approximately $205, $198, and $192. These could act as potential bouncing points or areas to watch for a trend reversal. 4. Buy zones: Two potential buy zones are marked on the chart: - A higher "Buy Zone" around the $192 level - A lower "Buy Dip Zone" between roughly $174 and $180 5. Possible scenarios: a) The price could continue its downward trajectory, potentially reaching the higher buy zone around $192. b) There's a possibility of a retracement or consolidation before continuing downward, as noted on the chart. 6. Volume: While volume bars are not clearly visible, it's crucial to monitor volume for confirmation of price movements, especially at key support and resistance levels. 7. Long-term trend: Despite the recent pullback, the long-term trend appears bullish, with higher lows visible on the chart since late 2023. Trading strategy: 1. Short-term traders might consider short positions near the recent highs, with a stop loss above the peak and targets at the marked support levels. 2. For those looking to go long, waiting for price to reach either of the marked buy zones could offer good risk-reward ratios. The higher buy zone at $192 presents less potential reward but higher probability, while the lower buy dip zone offers greater potential returns with higher risk. 3. Risk management is crucial. Use stop losses below key support levels when going long, or above resistance levels for short positions. 4. Watch for signs of trend reversal, such as bullish candlestick patterns or increased buying volume, especially when price approaches the buy zones. 5. Be cautious of potential gaps or volatility around earnings reports or major economic news that could affect Apple's stock price. Remember, while this analysis provides a framework, real-time market conditions and additional fundamental factors should always be considered before making trading decisions. Past performance doesn't guarantee future results, and proper risk management is essential.
NASDAQ:AAPLShort
by Trustscore
AAPL: Hourly and Daily Chart InsightsHourly Chart: Lower Highs and Key Support Level The hourly chart of AAPL indicates a short-term downtrend, characterized by a series of lower highs. This pattern suggests selling pressure is dominant in the near term. A key short-term support level is identified at 211.31. The price has recently breached this support, signaling potential for further downside. The 21 EMA at 212.94 is acting as resistance now. If the price remains below this level, it could confirm the continuation of the downtrend, materializing a pullback on the daily chart. Daily Chart: Fibonacci Retracement and Support Levels The daily chart shows AAPL’s recent bullish momentum, followed by a pullback. The stock is still bullish, and even a correction to the 21 EMA, or to one of its retracements would reverse its bullish sentiment. The 21 EMA at 201.11 provides additional support. If the price holds above the 38.2% retracement, making a bottom signal above the 21 EMA, it indicates strength and potential for a rebound towards the recent high of 220.00. A break below this level could lead to a test of the 50% retracement around 200.00, and possibly the 61.8% retracement near 195.00, triggering a sharper ccorrection. Conclusion: Monitoring Key Levels for Trend Confirmation AAPL's analysis on both hourly and daily charts highlights critical levels that we should monitor for trend confirmation. The hourly chart’s lower highs and breach of the key support level at 211.31 indicate short-term bearishness. The daily chart provide a broader perspective, suggesting that the trend is still bullish, despite the possibility of a correction. Holding above its support levels could signal a continuation of the bullish trend, while a break below may suggest further downside. Monitoring these levels will be crucial in determining the stock's next move. In an uptrend, corrections are usually buying opportunities if there is a bottom signal near support, since the risk/reward ratio is optimized. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. 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.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
APPLE formed 1st 1D Golden Cross in 15 months! Attention needed.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 sessions. This is a strong indication of a medium-term Top. If rejected, we expect a Channel Down correction to at least the 1D MA200 (orange trend-line), where we will again buy for the long-term. If broken though, we will buy the first 1D candle close above the (blue) Channel Up and target $250.00. The reason for this bullish expectation is that Apple just formed the first 1D Golden Cross in 15 months (since March 22 2023). Last time it did, the price had already initiated the new Bullish Leg (in the form of a blue dotted Channel Up). It only started the medium-term correction of July 2023, when it closed a full candle below the 4H MA50 (thin red trend-line). At the same time, the 1W RSI had to hit the 79.00 overbought level. As a result, if you do turn bullish upon a 1D candle breaking above the (blue) Channel Up, consider booking the profit earlier if 4H MA50 breaks or the 1W RSI gets rejected on its 79.00 Resistance (unless your portfolio can support the correction). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AAPL
by TradingShot
6
I'm BatmanThe "I'm batman" chart pattern is something I've seen a few times over the years and it's always been a pattern that is highly correlated with cucking over-eager shorts that don't put enough effort into their analysis. It consists of a rally, a dip, a strange symmetrical twin-peak pattern with a spike that was sold down between them, and then an extended rally. This creates a pattern that resembles the "Batman Logo". The first example I will cite here is what occured on JPM back in 2011 when nobody believed that a recovery was possible after the Great Financial Crisis. The second image that cucked me going into the COVID-19 crisis. You can see that "I'm batman" always occurs as a pullback that leads to an extended "last resort rally" (that inevitably is a fake-out, or a trap). I am watching a similar form on NASDAQ:AAPL right now And my belief is, that is this resolves upwards as I expect, that this finalizes the final leg-up on tech stocks and indexes before the pullback or recession or however you interpret what comes afterwards.
NASDAQ:AAPL
by RogueEconomics
6
How much longer can The QQQ rally without its underlying bredth.Since the end of November 2023 the QQQ has not gained any without the mag 7. The magnificent 7 have increased by 30%. If you take out TSLA the MAG 6 has increased by 44%. 6 companies holding up the weight of index. However, TSLA is looking quiet bullish. Mean while the QQQ's possible H&S bearish pattern. This concentrated rally might continue further although the Question is, is this sustainable and if so for how long?
NASDAQ:AAPL
by Ryan1993
5
Mag 7 BreakoutThe Mag 7 has been strong recently, pretty much carrying the entire market by itself. This will be important to watch, as long as the Mag 7 remains strong and in an uptrend, it's hard to argue against bulls. It had an ascending wedge which I deemed to be bearish, but now that it has broken to the upside, I have to be bullish until it falls back into the wedge. I'd expect the first retest of this wedge to provide some sort of bounce, so I'll be looking at the Mag 7 if that retest occurs and consider opening longs on any that are at or near support at the same time.
NASDAQ:AAPLLong
by AdvancedPlays