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jacobosiason7

Falling Wedge- Bullish - Update

Long
Apple Inc (NASDAQ:AAPL)  
jacobosiason7 Updated   
NASDAQ:AAPL   Apple Inc
Trend Analysis Chart Patterns Technical Indicators support_and_resistance supply_and_demand falling_wedge Bullish Patterns breakout hidden_divergence flagging swingtrading
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trendanalysis chartpattern indicator support_and_resistance supply_and_demand falling_wedge bullish breakout hidden_divergence flagging swingtrading
Posting a quick update on AAPL here as this falling wedge caught my eye. AAPL setting up nicely here holding a big falling wedge on the daily timeframe while also flagging on the weekly timeframe. AAPL closed on Friday reclaiming its 100-day EMA and seemingly looking to reclaim the 50-day as well. MACD golden cross along with some bullish hidden divergence on the RSI, Bollinger Bands are also starting to squeeze (Not Pictured). Additionally, AAPL has earnings coming up on May 3rd. AAPL is almost always a classic case of "buy the hype, sell the news". That being said, am expecting a run-up into earnings so will certainly be looking for a breakout from this falling wedge (Broader Market Conditions Permitting). Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous Charts Attached Below

- Falling wedge on the Daily timeframe
- Bollinger Bands Daily Weekly Timeframe (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD Golden Cross

PT1- $164.48
PT2- $165.55
PT3- $166.60
PT4- $167.30+

--Weekly Timeframe--
snapshot

--Previously Charted--
AAPL- Earnings Play | Update
snapshot
snapshot
Trade active:
Price Target 1 Reached ✅
Trade closed: target reached:
All Price Targets Reached ✅
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