Learn to Evaluate Apple (AAPL) using the Charts

Source: Stock Traders Daily

Longer Term Trading Plans for AAPL
  • Buy AAPL over 156.36 target 174.40 stop loss @ 155.91 Details
  • The technical summary data tells us to buy AAPL near 156.36 with an upside target of 174.40. This data also tells us to set a stop loss @ 155.91 to protect against excessive loss in case the stock begins to move against the trade. 156.36 is the first level of support below 172.1 , and by rule, any test of support is a buy signal. In this case, support 156.36 is being tested, a buy signal would exist.

  • Short AAPL under 174.40, target 156.36, stop loss @ 174.9 Details
  • The technical summary data is suggesting a short of AAPL as it gets near 174.40 with a downside target of 156.36. We should have a stop loss in place at 174.9though. 174.40 is the first level of resistance above 172.1, and by rule, any test of resistance is a short signal. In this case, if resistance 174.40 is being tested, a short signal would exist.

Swing Trading Plans for AAPL
  • Buy AAPL over 172.49, target 174.40, Stop Loss @ 171.99 Details
  • If 172.49 begins to break higher, the technical summary data tells us to buy AAPL just over 172.49, with an upside target of 174.40. The data also tells us to set a stop loss @ 171.99 in case the stock turns against the trade. 172.49 is the first level of resistance above 172.1, and by rule, any break above resistance is a buy signal. In this case, 172.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AAPL near 172.49, target 168.26, Stop Loss @ 172.99. Details
  • The technical summary data is suggesting a short of AAPL if it tests 172.49 with a downside target of 168.26. We should have a stop loss in place at 172.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 172.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AAPL
  • Buy AAPL over 172.49, target 174.40, Stop Loss @ 172.09 Details
  • If 172.49 begins to break higher, the technical summary data tells us to buy AAPL just over 172.49, with an upside target of 174.40. The data also tells us to set a stop loss @ 172.09 in case the stock turns against the trade. 172.49 is the first level of resistance above 172.1, and by rule, any break above resistance is a buy signal. In this case, 172.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AAPL near 172.49, target 171.73, Stop Loss @ 172.89. Details
  • The technical summary data is suggesting a short of AAPL if it tests 172.49 with a downside target of 171.73. We should have a stop loss in place at 172.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 172.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AAPL Ratings for August 14:

Term → Near Mid Long
Rating Strong Strong Neutral
P1 0 0 138.96
P2 168.68 168.26 156.36
P3 171.73 172.49 174.40

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Evitar Corte monitors the FOMC for Market Crash signals:

Fundamental Charts for AAPL:

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