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

The Daily View for Apple

  • At the time of this writing, AAPL’s price is up $1.18 (0.96%) from the day prior.
  • This is the 2nd day in a row Apple has seen its price head up.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily 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 time of this writing, AAPL’s price is up $0.85 (0.7%) from the day prior.
  • Apple has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily 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.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

Below is a trading comment entitled AAPL: Several candlesticks/chart patterns to remember! you may find interesting:

Hello traders and investors! Let’s see how AAPL is doing today! First, it is inside a boring and annoying congestion , moving erratically without clear direction. But we have the $ 119.05 area to use as a guide, because it seems this is a nice support level for the short/mid-term. Recently, AAPL did an Island Reversal chart pattern near this support level, and it just hit the next target at $ 124 (previous top). The Island Reversal is a nice pattern, and it seems it is working, as AAPL is trying to engage a bull trend, by doing higher highs/lows. Now, let’s see the daily chart: https://www.tradingview.com/x/v6ofIHIn/ What we must keep in mind that we have a Morning Star in a support level here as…

Nathan_Black