Flagging on the 5-Year

23 Nov 2022

AAPL is looking quite nice here after reclaiming its 50-Day SMA. AAPL is currently testing the upper trendline of this falling wedge on the daily timeframe, while simultaneously flagging on the weekly timeframe, accompanied by a bullish butterfly harmonic pattern, a MACD golden cross, and a double bottom (See Attached Chart Below). While all signs point to bullish, personally, I would like to see some consolidation prior to scaling into some Feb 2023' Calls to play the run-up to its earnings in January. Nevertheless, AAPL is still looking primed for a breakout on the daily timeframe holding a falling wedge with buyers stepping in as depicted on the RSI along with some bullish hidden divergence. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below

PT1- $152.48
PT2- $154.12
PT3- $156.98
PT4- $160.14+

Weekly Timeframe
https://www.tradingview.com/chart/AAPL/WIeIkXfm-AAPL-Weekly/

Previously Charted
https://www.tradingview.com/chart/AAPL/NOeyVQyn-AAPL-Falling-Wedge-Update/
https://www.tradingview.com/i/hs2n8Azf
https://www.tradingview.com/i/Vw9h3uBQ

12 Jan 2023

Catatan