AAPL: Key Breakdown or Recovery? Jan. 3

Technical Analysis (TA) Overview for AAPL:
* Price Action: AAPL faced a sharp sell-off from the $247 region, breaking below intermediate support at $240. Currently, the price hovers near $233. The volume spike during the breakdown signals strong bearish sentiment.

* Trend Lines: A narrowing wedge is forming with lower highs and support near $230, marking this level as critical for the next directional move.

* Indicators:
* MACD: Shows bearish momentum with a widening histogram, signaling possible continuation to the downside.
* Stochastic RSI: Deeply oversold, suggesting a potential short-term bounce but lacking confirmation.

Key Support and Resistance Levels:
* Support:
* Major: $230 (breakdown point).
* Secondary: $218 (Put Wall with -69.34% NETGEX support).
* Resistance:
* Immediate: $240.
* Secondary: $247 (previous swing high).

Options GEX Analysis for AAPL:


* Call Wall Resistance:
* $250 (Major resistance level with 42.24% GEX).
* $248 (Gamma Wall).

* Put Support:
* $225 and $218 (-69.34% NETGEX shows strong put flow here).

* Volatility Metrics:
* IVR: 34.7 (moderate implied volatility).
* Options Flow: Bearish leaning with PUT$ dominance at 69%.

Trade Scenarios:
1. Bullish Scenario:
* AAPL must reclaim $240 to regain bullish momentum. If it clears $240 with volume, target $247-$250.
* Entry: $240 breakout.
* Target: $247, $250.
* Stop-Loss: $235.

2. Bearish Scenario:
* If AAPL fails to hold $230, expect accelerated selling toward $225 or even $218.
* Entry: Below $230.
* Target: $225, $218.
* Stop-Loss: $234.

Conclusion:
Monitor $230 closely as it defines the next directional bias. Options flow and GEX suggest strong put pressure below $230 but with room for a technical bounce. Stay cautious and adjust trades based on momentum at key levels.

Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.