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jacobosiason7

Flagging on the 5-Year

Long
Apple Inc (NASDAQ:AAPL)  
jacobosiason7 Updated   
NASDAQ:AAPL   Apple Inc
Trend Analysis Technical Indicators Chart Patterns support_and_resistance supply_and_demand harmonic_pattern Double Bottom falling_wedge Bullish Patterns breakout flagging earningsplay
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trendanalysis indicator chartpattern support_and_resistance supply_and_demand harmonic_pattern doublebottom falling_wedge bullish breakout flagging earningsplay
AAPL is looking quite nice here after reclaiming its 50-Day SMA. AAPL is currently testing the upper trendline of this falling wedge on the daily timeframe, while simultaneously flagging on the weekly timeframe, accompanied by a bullish butterfly harmonic pattern, a MACD golden cross, and a double bottom (See Attached Chart Below). While all signs point to bullish, personally, I would like to see some consolidation prior to scaling into some Feb 2023' Calls to play the run-up to its earnings in January. Nevertheless, AAPL is still looking primed for a breakout on the daily timeframe holding a falling wedge with buyers stepping in as depicted on the RSI along with some bullish hidden divergence. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below

PT1- $152.48
PT2- $154.12
PT3- $156.98
PT4- $160.14+

Weekly Timeframe
AAPL- Weekly

Previously Charted
AAPL- Falling Wedge - Update
snapshot
snapshot
Comment:

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