The business is great and has performed well. The installation basis is round 1.5B devices and consumer stickiness is still very high. People want to stay in the eco-system and it has a strong brand. Integration is good too. 5G will be a tailwind for renewing iPhones for consumers. Growth will come from the service side and wearables.
The support and resistance suggest Bullish move, also the MA 200 on the 5 days and one days suggest we will have a gap up on Tuesday.
And the closing volume from last week looked healthy.
Thoughts and comments are welcomed :)
AAPL 1-2 Week Horizon
Price is currently trading at channel bottom ready for a bullish move. 134 support seems to be holding fine. MACD is still pointing down and stochastics is tapering up at 20 level (my borderline to break to be considered oversold). Target at 146 - 154 area stop loss just below support at 132.
Disclaimer
I am not a registered investment...
No offense to the bulls, but with so many bullish ideas shared, I think this may be the time to short this ticker.
From an Elliott wave perspective - it looks like 3 waves down since February 2020 drop was wave A and 3 waves up to complete wave B.
Wave C should take us to either -0.236 to -0.618 level.
Standard Target for Expanded Flat Correction:
Wave B =...
I will be going long if AAPL can hold the uptrend
its at the bottom of a bull pennant
Its at the 20 EMA and ATR is a supportive indicator.
I would grab call options on this one, if i pick it up
Dear Traders,
I have identified Negative Divergence on many indicators signaling bearish trend for Apple in 2021.
We are in overbought territory, every time we reach theses levels, correction takes place.
Lets see if history repeats itself and we see Apple correction in 2021 yet again.
Looking to enter on the bottom of this pattern around $115. Apple has had quite a run since March lows. It's been one month after another up up up. You can't fault the stock for wanting to rake a little breather.
Either it will melt-up and follow the trend line in the short-term or it will drop around 30% or more to $112 where the 200 HMA will be support. There is risk of it trending downward to $125, $112, or $107 support lines if it closes below the black support line next week.
As you can see, AAPL has fallen down to 135, which happens to be there current support level. Look to hold for a couple of days as it tries to push off that support. Also, the MACD indicator looks very bullish for this 1h chart as it appears to have just crossed with upward momentum. Target $145. You could also hold long term, AAPL is not going away any time soon....
