Apple is Up for the 3rd Day in a Row

The Hourly View for Apple

  • Currently, AAPL’s price is up $0.34 (0.25%) from the hour prior.
  • Apple has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly 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 $0.21 (0.15%) from the day prior.
  • This is the 3rd day in a row Apple has seen its price head up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 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: A correction ahead? you may find interesting:

Hello traders and investors! Let’s talk about AAPL today!We are in a strong bull trend, and AAPL is doing higher highs/lows in the 1h chart. I see no clear reversal or pullback sign around as well.The $ 134.58 is working as support, and it was previously a resistance. The 21 ema is quite close to this point, making it a dual-support level in the short-term. If AAPL loses this green line, the purple line is the next targe…

Nathan_Black