AAPL: Some strategies you can use!
Hello traders and investors! Let’s see what’s going on with Apple today! It will go up, down? It doesn’t matter, because there’re always some scenarios we can work with.
First, the daily chart is quite impressive, right? It is in a strong bull trend, and it seems nothing will stop AAPL. But it could do a pullback at any moment, and it would be a good thing. Pullbacks are not reversal, and they usually offer opportunities to buy, or buy more/again. People see short opportunities during pullbacks, but the Risk/Reward ratio is almost never interesting in these situations.
To what point a pullback would be acceptable? The 21 ema is a natural support for the price.
Also, keep in mind that we may have all the 4 types of gaps around, which is not something easy to find. If the last gap is indeed an exhaustion gap, it will be filled in the next few days, and will work as a support as well.
But if you are afraid of a pullback, there’s some interesting things to do. The daily chart is stretched indeed, but it is useless to try to predict the future, so, let’s stick with what the technical analysis tells us.
If you want to react properly, the hourly chart offers some nice insights for us:
Right now, Apple is resting above its 21 ema, but we have what seems to be a descending triangle chart pattern. If the price breakout the purple line, then probably the trend will resume as usual.
On the other hand, if Apple loses the red line, then we can think about a sharper pullback. The gaps will help to drag the price down, and the odds are that at least the exhaustion gap will be filled.
It seems the $ 492.26 is a very important price level to keep our eyes on! And if this idea helped you, please, support it! And follow me for more analyses! Every day, after the market closes, I’ll be here to share a few thoughts with you, and surely you’ll find something helpful.
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
First, the daily chart is quite impressive, right? It is in a strong bull trend, and it seems nothing will stop AAPL. But it could do a pullback at any moment, and it would be a good thing. Pullbacks are not reversal, and they usually offer opportunities to buy, or buy more/again. People see short opportunities during pullbacks, but the Risk/Reward ratio is almost never interesting in these situations.
To what point a pullback would be acceptable? The 21 ema is a natural support for the price.
Also, keep in mind that we may have all the 4 types of gaps around, which is not something easy to find. If the last gap is indeed an exhaustion gap, it will be filled in the next few days, and will work as a support as well.
But if you are afraid of a pullback, there’s some interesting things to do. The daily chart is stretched indeed, but it is useless to try to predict the future, so, let’s stick with what the technical analysis tells us.
If you want to react properly, the hourly chart offers some nice insights for us:
Right now, Apple is resting above its 21 ema, but we have what seems to be a descending triangle chart pattern. If the price breakout the purple line, then probably the trend will resume as usual.
On the other hand, if Apple loses the red line, then we can think about a sharper pullback. The gaps will help to drag the price down, and the odds are that at least the exhaustion gap will be filled.
It seems the $ 492.26 is a very important price level to keep our eyes on! And if this idea helped you, please, support it! And follow me for more analyses! Every day, after the market closes, I’ll be here to share a few thoughts with you, and surely you’ll find something helpful.
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.