Apple stock is providing another great opportunity to continue to ride the long-standing uptrend.
A strong break higher above the $126 raises the odds of higher prices to come.
AAPL broke out of a bullish channel in late June of this year and then experienced a blow off top after a 4 to 1 stock split was announced on July 30th. After the announcement, the stock skyrocketed 55% to new ATH on 2nd of September. The stock has since cooled by as much as 25%. More noticeably, AAPL has been forming a large symmetrical wedge pattern. A...
AAPL is on an attempt for a breakout above $124 - $125 with renewed positive sentiment and relatively strong momentum that started on Nov 24 -- so accumulating for couple of weeks now
i have marked the next 2 price projections - if AAPL can break the $124 and stay above that price level, our projected next stop would be $130-$131, then from there, a possible...
When I compare the PS ratio and PE ratio from 2009 with 2020, I found it to be interesting that that the PE and PS ratios are almost at the same level as those from 2009. I am looking to short some, but it depends on if this bubble continues or not. I suppose the long run price for Apple is probably around 70 at maximum.
This idea concludes the signals of entry points of APPLE - AAPL, during the past 4 years: 2016 December ---2020 December 15.
The signals are given by "9 Seasons Rainbow Indicator".
Time frame: 1H -> 11H
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading...
On the D1 $AAPL appeared cup and handle patterns, breakout has appeared, signals bought with mutate volume, resistance $ 138 to pass, the target price is $ 143
Looks promising for an intraday trade or possible swing for those not already in this. A break above 127.32 leaves room to 130. I would enter on a pull back from 127.32 then break above with a stop below the pull back pivot. For a swing I would wait for the 1 hour candle to close above triangle and then enter. Stops for the swing would be a close back below the...
Option Open Interest Max Pain is currently calculated at $105 for the week, and the reason why this leg down is so steep. That would be a huge not even biggest bear would believe, so look for $120, before going lower.
