Apple Does it Again: Heads Up for the 4th Straight Day

The Daily View for Apple

  • Currently, AAPL’s price is down $-1 (-0.79%) from the day prior.
  • Apple has seen its price go down 5 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.
  • 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.

Apple’s hourly price chart is shown below.

AAPL

The Daily View for Apple

  • At the moment, AAPL’s price is up $0.52 (0.41%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Apple has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Apple. Given that we see an uptrend on the 5 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.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

Below is a trading comment entitled Apple Long you may find interesting:

Apple(NAS100) – As the Nasdaq increases in price following it’s seasonal chart, this will help move apple higher.Price action wise, on the Daily timeframe we can start to see we’ve now created a Higher Low; wh…

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