Apple (AAPL) Price Near $131.88; Moves Up For the 2nd Straight Day, Pin Bar Pattern Appearing on Chart

The Hourly View for AAPL

Last Updated December 23, 2020, 02:011 GMT

At the time of this writing, Apple’s price is up $6.07 (4.74%) from the hour prior. The hourly chart shows that Apple has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Apple Inc Daily Price Recap

Apple Inc closed the previous day up 2.85% ($3.65); this denotes the 2nd straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 36.91% from the previous day (Monday), and up 90.95% from Tuesday of the week before. Let’s take a look at the daily price chart of Apple Inc.

AAPL

Apple Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about AAPL:

    $SPY $QQQ $AAPL $TSLA $PLTR This is how things played out so far:

    1. Pelosi wanted more for Covid, 2.2+ Trillion, and more money to families.

    2. GOP Senate didn't budge and agreed to 900 Billion and that too unwantedly. If there was no Georgia senator elections, the bill will be even smaller – around 600 Billion.

    3. Trump now takes an abrupt U-turn and wanted more for Covid. He literally screwed McConnel with his speech tonight.

    Wow, POTUS wants to be a big PIA before he leaves office. But, he had some valid points in his speech and looks like they are sending money all over the world rather than spend it on businesses here + checks for families.

    Bill should NEVER be more than 5 pages detailing just the important things that are related to Covid and ONLY Covid!

    Congress is helpless and needs to be replaced pronto!!!

    RainGater