AAPL Technical Analysis for Oct. 28, 2024
Key Levels:
Resistance Levels:
$232.00: Recent overhead resistance; a strong breakout above this level may signal bullish momentum.
$237.23: A significant resistance level where a potential reversal may occur.
Support Levels:
$230.05 - $227.75: This area shows a cluster of recent support. A breakdown below $227 could see further downside.
$224.00 (Approx): Lower support boundary if price weakens further.
Indicators:
Volume: Elevated volume suggests active trading, but observe if there's declining volume on a pullback, which could imply consolidation.
MACD (lower panel): Shows potential bearish momentum, though it’s near the zero line, indicating a weak trend that may go either way depending on volume.
Suggested Trading Plan:
Bullish Scenario: Look for a strong breakout above $232 with volume, targeting $237 for a quick scalp. Consider a stop-loss around $230 to manage risk.
Bearish Scenario: If the price breaks down below $227 with increasing selling volume, consider entering a short position, targeting $224, with a stop around $230.
Short Disclaimer:
"This analysis is for informational purposes only and not financial advice. Always conduct your own research before making trading decisions."
Resistance Levels:
$232.00: Recent overhead resistance; a strong breakout above this level may signal bullish momentum.
$237.23: A significant resistance level where a potential reversal may occur.
Support Levels:
$230.05 - $227.75: This area shows a cluster of recent support. A breakdown below $227 could see further downside.
$224.00 (Approx): Lower support boundary if price weakens further.
Indicators:
Volume: Elevated volume suggests active trading, but observe if there's declining volume on a pullback, which could imply consolidation.
MACD (lower panel): Shows potential bearish momentum, though it’s near the zero line, indicating a weak trend that may go either way depending on volume.
Suggested Trading Plan:
Bullish Scenario: Look for a strong breakout above $232 with volume, targeting $237 for a quick scalp. Consider a stop-loss around $230 to manage risk.
Bearish Scenario: If the price breaks down below $227 with increasing selling volume, consider entering a short position, targeting $224, with a stop around $230.
Short Disclaimer:
"This analysis is for informational purposes only and not financial advice. Always conduct your own research before making trading decisions."
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.