AAPL - Still hopeful of the handle formation down to 178

Asphen
2024-02-18


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

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$Apple(AAPL)$  

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Comments

  • Pinkspider
    2024-02-19
    Pinkspider
    巴菲特爵士正在抛售,市场现在处于ATH,在CPI和PPI将看到苹果处于170点水平后,我很快就发现了一个急剧的回调
    • Pinkspider
      同意,苹果正面临欧盟5亿英镑的诉讼,这将导致160-170
    • Asphen
      that's a very possible level down to 165.
  • koolgal
    2024-02-19
    koolgal
    Thanks for sharing your valuable insights. Do you think that Apple will move upwards next week?
    • koolgalReplyAsphen
      Thanks for the tip😍😍😍
    • AsphenReplykoolgal
      178!
    • koolgalReplyAsphen
      Thanks for sharing your awesome tip😍😍😍. Have a wonderful week ahead🌈🌈🌈🍀🍀🍀
    • Asphen
      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
    2024-02-18
    JoBloor
    Nice analysis! I'm also hopeful for a handle formation.
    • Asphen
      yeah... me too!
      it would be a good breakthrough if it does !
  • Xavib
    2024-02-20
    Xavib

    Great ariticle, would you like to share it?

  • LEESIMON
    2024-02-20
    LEESIMON
    好的
  • Aqa
    2024-02-19
    Aqa
    👍🏻 Like
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