Apple Does it Again: Heads Up for the 3rd Straight Day

The Daily View for Apple

  • At the time of this writing, AAPL’s price is up $0.12 (0.1%) from the day prior.
  • Apple has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Apple. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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

  • Currently, AAPL’s price is up $2.07 (1.68%) 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 50 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/Apple buying position you may find interesting:

AAPL is about to break its trend line in both MID and Short time frames, and the red area is good point to enter with the profit target of AAPL highest price (145-150$) and Stop loss of around 110$ which has a great risk to reward ratio.Note that this is not a signal and there is probability of failure.

AmirGhadiri