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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Comment（16）

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  • Rkid
    ·02-19
    TOP
    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
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    • Rkid: 
      Agree and Apple is facing a 500m lawsuit from EU this will see 160s-170s
      02-19
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    • Asphen: 
      that's a very possible level down to 165.
      02-19
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  • koolgal
    ·02-19
    TOP
    Thanks for sharing your valuable insights. Do you think that Apple will move upwards next week?
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    • koolgalReplying toAsphen: 
      Thanks for the tip😍😍😍
      02-19
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    • AsphenReplying tokoolgal: 
      178!
      02-19
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    • koolgalReplying toAsphen: 
      Thanks for sharing your awesome tip😍😍😍. Have a wonderful week ahead🌈🌈🌈🍀🍀🍀
      02-19
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  • JoBloor
    ·02-18
    TOP
    Nice analysis! I'm also hopeful for a handle formation.
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    • Asphen: 
      yeah... me too!
      it would be a good breakthrough if it does !
      02-18
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  • Xavib
    ·02-20
    TOP

    Great ariticle, would you like to share it?

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    • Asphen: 
      thank you
      02-20
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  • LEESIMON
    ·02-20
    🩷Good
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    • Asphen: 
      yay!
      02-20
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  • Aqa
    ·02-19
    👍🏻 Like
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    • Asphen: 
      thank you
      02-19
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