Apple To Break Resistance On The 45min
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I am extremely bullish on AAPL. Technicals are screaming buy and here is everything in detail!
First check out the big green arrow pointing at the top bands, they have crossed at the bottom initiating a buy signal.
Second, candlestick analysis which is my speciality. If you look at the two blue arrows, you can see that small green candles have low hanging bearish wicks. The wick is how low the price went during that 45min interval but did not close. We can see that there is a point of resistance there and it the bulls will not let it fall through. How do I know this? Look at the thin green arrow between the blue arrows, there is a green shadow. This green shadow is bullish divergence meaning bulls are getting stronger. To further go based on divergence, check out the MACD. It went from solid red to a weaker shade of red meaning bearish divergence is weakening. Trend lines have yet to cross, but this could be the week. With an Insanely low RSI of 43.71 compared to where Apple has been sitting, we can expect price to jump up as the stock is underbought.
The teal cloud that the candles are sitting in is a Karutoga Cloud and this shows support and Apple is in the cloud and looks to come back above it continuing its bullish trend.
This is a very exciting technical analysis and I will be putting a medium sized position for this week. I see $130 by the 24th.
First check out the big green arrow pointing at the top bands, they have crossed at the bottom initiating a buy signal.
Second, candlestick analysis which is my speciality. If you look at the two blue arrows, you can see that small green candles have low hanging bearish wicks. The wick is how low the price went during that 45min interval but did not close. We can see that there is a point of resistance there and it the bulls will not let it fall through. How do I know this? Look at the thin green arrow between the blue arrows, there is a green shadow. This green shadow is bullish divergence meaning bulls are getting stronger. To further go based on divergence, check out the MACD. It went from solid red to a weaker shade of red meaning bearish divergence is weakening. Trend lines have yet to cross, but this could be the week. With an Insanely low RSI of 43.71 compared to where Apple has been sitting, we can expect price to jump up as the stock is underbought.
The teal cloud that the candles are sitting in is a Karutoga Cloud and this shows support and Apple is in the cloud and looks to come back above it continuing its bullish trend.
This is a very exciting technical analysis and I will be putting a medium sized position for this week. I see $130 by the 24th.
Commentaire
11 contracts purchased @ $1.23 Call for AAPL to be worth $130 by 12/31
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