AAPLB trade ideas
Catching the Apple Inc. Stock Momentum with Zeta Scanner
Stock prices start moving in one clear direction when either Buyers or Sellers become dominant.
Zeta Scanner indicator for TradingView.com tries to detect the momentum in any index, stock, gold, silver, currency etc and plot beautiful Buy or Sell Signals for you to follow.
It is very easy to use as explained below:
1. If you see a Buy Signal, become a Buyer and hold your position till either (a) You see See a Sell Signal or your Stop Loss is hit which ideally should be the LOW of candle which precedes the candle where you see the 'Buy' Signal.
When you see Sell signal, become a seller and so on.
2. 1. If you see a Sell Signal, become a Seller and hold your position till either (a) You see See a Buy Signal or your Stop Loss is hit which ideally should be the HIGH of candle which precedes the candle where you see the 'Sell' Signal.
When you see Buy signal, again become a Buyer and so on.
AAPL Trading in Troubled WaterThis gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a downtrend.
Therefore, considering all the above points, a break below the current support, as per fibonacci levels i.e 436 will initiate the trade for the targets of 430, 421, 407 with an SL of 449 on closing basis.
FamilyFirst:MAMAavg and Family.While analyzing the charts if we bring in the element of family into it, it makes a lot of sense and we understand things better. In this example I have put 21period moving average(ma21) and a 10 period exponential moving average(10emaavg) as the parents and the price candle stick representing the child. How parents behave towards the child and what happens when the child is not happy is clearly explained with 2 example charts. I am sure with this your understanding of charts will improve. Thank you.
Apple - Long term investmentAAPL - Monthly Chart
Chart formed resistance at Sept 2018. It provided breakout during Oct 2019. It created a high during Jan 2020 and came back to the resistance zone during March 2020.
Price action behind Apple - It broke the resistance and retested the zone. Also formed a green candle for better confirmation. It retests the moving average too. Resistance zone turned to support.
Entry - Market price or within this month
SL - 228
Hopefully, a good trend ride. Trail SL accordingly.