Apple Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Apple

  • At the moment, AAPL’s price is up $0.2 (0.13%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Apple has now gone up 5 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Apple’s hourly price chart is shown below.

AAPL

The Daily View for Apple

  • At the moment, AAPL’s price is down $-0.05 (-0.03%) from the day prior.
  • The daily chart shows that Apple has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

Below is a trading comment entitled AAPL – iMob Car Re-Appears / the “Dirty Monkey” you may find interesting:

Every time Apple dusts off the iCar… the Stock reverses within a few days.Cultists adore the thought of a fully autonomous “Apple Womb” for the Roads.Unfortunately, Apple’s Debt will not permit them to do anything other than gobbleup a dying Old World Manufacturer with MORE DEBT.A greener Auto Company, of course…Step 1: Announce iCar to be built by AppleStep 2: Announce a Partner to ManuStep 3: Announce Software Provider to IndustryStep 4: See Step 1 – v.2___________________________…

HK_L61