AAPL - Still hopeful of the handle formation down to 178

Asphen
02-18


Price action (18 Feb 2024)

- Cup was formed back back 14 Dec 2023

- Handle had been forming since then

- Lower high had so far been set also with rejection off blue MA50 and also now breaking below purple MA200!


Bullish

- Got to have a firm stay above 178 and break 184 and then out of the trend channel


Bearish 

- Continued breakdown and testing 178

- Failing 178 brings 174 as the key level down to 165


Approach

- Selling cautious puts and will nibble shares once we get to 174 and seeing how the candles formed there

AAPL - Daily - 18 Feb 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Apple(AAPL)$  

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Comments

  • Rkid
    02-19
    Rkid
    Sir Warren Buffet is selling and market is at ATH now i teckoned a sharp pull back soon afte rthe CPI and PPI will see apple at 170s level
    • Rkid:Β 
      Agree and Apple is facing a 500m lawsuit from EU this will see 160s-170s
    • Asphen:Β 
      that's a very possible level down to 165.
  • koolgal
    02-19
    koolgal
    Thanks for sharing your valuable insights. Do you think that Apple will move upwards next week?
    • koolgalReplyAsphen:Β 
      Thanks for the tip😍😍😍
    • AsphenReplykoolgal:Β 
      178!
    • koolgalReplyAsphen:Β 
      Thanks for sharing your awesome tip😍😍😍. Have a wonderful week aheadπŸŒˆπŸŒˆπŸŒˆπŸ€πŸ€πŸ€
    • Asphen:Β 
      depends on whether it can stay above the key support level.

      it is at a key fib level that if does not reverse, then we are in for a lower support.

  • JoBloor
    02-18
    JoBloor
    Nice analysis! I'm also hopeful for a handle formation.
    • Asphen:Β 
      yeah... me too!
      it would be a good breakthrough if it does !
  • Xavib
    02-20
    Xavib

    Great ariticle, would you like to share it?

  • LEESIMON
    02-20
    LEESIMON
    🩷Good
  • Aqa
    02-19
    Aqa
    πŸ‘πŸ» Like
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