AAPL hits new all-time highs

How's it going, everyone? Last week saw a massive explosion upward for AAPL stock, as the stock shot to new all-time highs. Consequently, Apple also took back its rightful place as the most valuable company in the world (take that, Microsoft). Here's what the stock chart looked like, including today's gap higher (as I'm writing this, ~1:00 PM ET) Now, when we switch over to the Heikin Ashi candles, we see two interesting things. First, we see that by Friday, the price of AAPL had pretty much reached the top of its channel for most of 2021. But more importantly, we see that a more aggressive channel might be forming, since the bottom formed in October was much higher than the bottom formed back in June. That difference is represented by the blue lines (original channel) and the purple lines (more aggressive channel). Those are hastily drawn on a computer, but you get a general idea. That more aggressive channel would technically put the top of this range closer to $165 over the next few weeks $170 by the end of the year. This morning's gap up (on the standard chart) certainly doesn't do anything to hamper that expectation. It might make the channel even more aggressive. If you're a super aggressive trader, you might have caught some of that move over last week, and you'd be pretty happy. But even if you missed it, there's still room to the upside.  And when we hit the next big move, we'll be ready with the Perfect Apple Trade. Until then, trade safe, Micah Lamar *Disclaimer: The profits and performance shown are not typical and do not guarantee future trade results.   Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security.Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.The past performance of any trading system or methodology is not necessarily indicative of future results.CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations.

 

                                                           

DailyCoreReport | 495 Town Plaza Ave | Ponte Vedra, FL 32081 | United States Unsubscribe from future marketing messages from DailyCoreReport