AAPL: LAST MAN STANDING / FIB / PREDICTION / MASSIVE CHANNEL for NASDAQ:AAPL by DGSTBROKERACC

DESCRIPTION: In the chart above I have provided a detailed MACRO analysis of AAPL laid out in its MASSIVE MONTHLY CHANNEL of 180 – 123.75 that has been held since DECEMBER 2020. Out of 8 massive US market movers AAPL was the only one to hold a positive position at market close on Feb 3.

IMPORTANT LIST OF US MARKET MOVERS: AAPLE, COSTCO, NVIDIA , FACEBOOK , ALIBABA, AMAZON, GOOGLE , AMD

POINTS:

1. Deviation of 6.25 DICTATES SUPPLY & DEMAND POCKET PLACEMENT.

2. Dotted orange vertical lines represent a months time.

3. EMA’S: 45 (BLUE), 100 (YELLOW), 200 (RED).

4. Green dotted vertical lines represent top for AAPL top.

5. Optimal Target: 161.25

6. Notice EMA movement where current placement would signify price action has plenty to give to the upside.



RSI: Common Range for RSI to linger between 50 – 70 despite somewhat overbought territory.



MACD: Notice current uptrend of buying to selling pressure and not the similar trajectory and angle. MACD has yet to ride trend before drop occurs which is highlighted by sphere.

SCENARIO #1: In a BULLISH scenario price action lingers around 155 SUPPORT and we see sideways action OR we see a sudden drop in the coming days but bounce 148.75 SUPPORT without losing upward momentum and confirming a continuation of upward momentum and confirming current setup.



SCENARIO #2: In a BEARISH scenario price action 148.75 & continues with strong downward momentum to 145 and beyond that break uptrend and invalidate setup.

FULL CHART LINK: https://www.tradingview.com/chart/UUCv2f…

NASDAQ:AAPL