Apple IncLong
Apple is starting to look good (again:)
Updated
If you're bullish on the market and economy overall, Apple is firming right below the resistance area under its ATH set less than a month ago on October 21 closing at $236.48. That high was set despite a steady net distribution since July! As of last nights' close, Apple hasn’t given up much ground closing at $225. For sure big sellers are camped out around $236–$231, but the fact that buyers are still soaking up the supply is interesting. We're seeing buyers bid up the lows: August 5 at $196, September 18 at $217.5, and November 4 at $219.7.
Short term, the only question is: who are the sellers? Could be Berkshire Hathaway. Buffett’s been unloading Apple for months now, reportedly taking advantage of low tax rates—at least, that’s the line he’s putting out there. Yet, someone is absorbing all that supply for more than 4 months.
So, if you’re looking for a bullish setup, keep an eye on how buyers handle that $231–$236 resistance. Apple’s price behavior here is saying something, despite major distribution...
Full Disclosure: If there’s one stock I’ll never, ever short, it’s Apple. Why? Because, like it or not, the market can’t make a move without Apple leading the way. Apple isn’t just a stock—it’s the most important stock in the universe. Now that you know how biased I am, navigate with care!
Short term, the only question is: who are the sellers? Could be Berkshire Hathaway. Buffett’s been unloading Apple for months now, reportedly taking advantage of low tax rates—at least, that’s the line he’s putting out there. Yet, someone is absorbing all that supply for more than 4 months.
So, if you’re looking for a bullish setup, keep an eye on how buyers handle that $231–$236 resistance. Apple’s price behavior here is saying something, despite major distribution...
Full Disclosure: If there’s one stock I’ll never, ever short, it’s Apple. Why? Because, like it or not, the market can’t make a move without Apple leading the way. Apple isn’t just a stock—it’s the most important stock in the universe. Now that you know how biased I am, navigate with care!
Trade active
Apple — The Whole World Is Watching
This is a textbook setup, and you can feel it—the whole world is wondering: Are we about to bid Apple back up to its highs, or is this setting up for a blow-off top?
There’s still a (smaller) chance that this fails, and one key reason is Warren Buffett. Berkshire Hathaway has been lightening up on its Apple position, and that’s a lot of potential supply if he decides to sell more.
For now, though, we’re sitting patiently and watching with the rest of the world to see how this plays out. The big question remains: Will it break out or burn out?
My bet? It breaks out. But hey, I’m biased—so don’t listen to me! 😉
Note
Bids continue to come up for Apple! But don't jump the gun, there may be some stock for sale in $237.50 area. After that we move up to $250+Note
New ATH, next stop $250...Trade closed: target reached
Target reached on this trade: +25 points! 🎯
But for long-term investors, there’s absolutely no reason to sell this stock. Apple remains a stronghold—keep riding the wave.🍏📈
Next stop $300 ?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.