AAPL Technical Analysis and GEX Levels for Dec. 18
1-Day Chart (Daily Overview):
* Trend: AAPL is trading in a clear upward channel, breaking above resistance levels and nearing overbought territory.
* Price: Currently at $253.48.
* Support Levels:
* Short-term: $237.50 (daily support).
* Stronger base: $219.50.
* Resistance Levels:
* Immediate: $255.00 (channel resistance).
* Higher target: $260.00.
* Indicators:
* MACD: Bullish momentum but flattening; watch for cross-down signals.
* Volume: Rising volume supports the uptrend.
1-Hour Chart (Intraday Overview):
* Trend: AAPL is showing some consolidation after a strong rally.
* Price Action:
* Testing upper trend line resistance at $255.00.
* A pullback could test support at $251.00.
* EMA:
* 9 EMA and 21 EMA are bullish; price remains above both.
* Support:
* $251.00 – first line of defense.
* $245.80 – stronger intraday support.
* Resistance:
* Immediate: $255.00.
* Breakout target: $260.00.
* Volume: Increased sell volume at intraday highs; monitor for weakness.
GEX Analysis (Gamma Exposure):
* Key Levels:
* Highest GEX Wall: $255.00 (strong call resistance; sellers may take control here).
* 2nd Call Wall: $260.00 (bullish breakout potential).
* Gamma Support: $247.50 – strong downside buffer.
* PUT Support: $237.50 – bearish exposure increases below this level.
* Options Metrics:
* GEX%: 30.3% CALL dominance.
* IVR: 17.3, with an implied volatility average of 32.7.
* Key Takeaway: Elevated call walls suggest resistance near $255 and $260. If price rejects at these levels, watch for a retest of $250.
Trading Plan
Scalping Outlook:
* Bullish:
* Entry: Above $253.50.
* Target: $255.00.
* Stop-loss: $252.50.
* Bearish:
* Entry: Below $252.00.
* Target: $250.50.
* Stop-loss: $253.00.
Swing/Day Trade Outlook:
* Bullish:
* Entry: On breakout above $255.00.
* Target 1: $257.50.
* Target 2: $260.00.
* Stop-loss: $251.00.
* Bearish:
* Entry: Below $251.00.
* Target 1: $247.50.
* Target 2: $245.00.
* Stop-loss: $252.50.
Outlook Summary:
* Short-term: AAPL may test $255 as resistance before deciding direction.
* Directional Bias: Bullish as long as it holds above $251.
* Key to Watch:
* Breakout above $255 for continuation toward $260.
* Failure to hold $251 could signal profit-taking.
Options Suggestion:
* Calls: Consider $255 strike calls for this week if price sustains above $253.50.
* Puts: $250 strike puts if price breaks below $251.00.
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.
* Trend: AAPL is trading in a clear upward channel, breaking above resistance levels and nearing overbought territory.
* Price: Currently at $253.48.
* Support Levels:
* Short-term: $237.50 (daily support).
* Stronger base: $219.50.
* Resistance Levels:
* Immediate: $255.00 (channel resistance).
* Higher target: $260.00.
* Indicators:
* MACD: Bullish momentum but flattening; watch for cross-down signals.
* Volume: Rising volume supports the uptrend.
1-Hour Chart (Intraday Overview):
* Trend: AAPL is showing some consolidation after a strong rally.
* Price Action:
* Testing upper trend line resistance at $255.00.
* A pullback could test support at $251.00.
* EMA:
* 9 EMA and 21 EMA are bullish; price remains above both.
* Support:
* $251.00 – first line of defense.
* $245.80 – stronger intraday support.
* Resistance:
* Immediate: $255.00.
* Breakout target: $260.00.
* Volume: Increased sell volume at intraday highs; monitor for weakness.
GEX Analysis (Gamma Exposure):
* Key Levels:
* Highest GEX Wall: $255.00 (strong call resistance; sellers may take control here).
* 2nd Call Wall: $260.00 (bullish breakout potential).
* Gamma Support: $247.50 – strong downside buffer.
* PUT Support: $237.50 – bearish exposure increases below this level.
* Options Metrics:
* GEX%: 30.3% CALL dominance.
* IVR: 17.3, with an implied volatility average of 32.7.
* Key Takeaway: Elevated call walls suggest resistance near $255 and $260. If price rejects at these levels, watch for a retest of $250.
Trading Plan
Scalping Outlook:
* Bullish:
* Entry: Above $253.50.
* Target: $255.00.
* Stop-loss: $252.50.
* Bearish:
* Entry: Below $252.00.
* Target: $250.50.
* Stop-loss: $253.00.
Swing/Day Trade Outlook:
* Bullish:
* Entry: On breakout above $255.00.
* Target 1: $257.50.
* Target 2: $260.00.
* Stop-loss: $251.00.
* Bearish:
* Entry: Below $251.00.
* Target 1: $247.50.
* Target 2: $245.00.
* Stop-loss: $252.50.
Outlook Summary:
* Short-term: AAPL may test $255 as resistance before deciding direction.
* Directional Bias: Bullish as long as it holds above $251.
* Key to Watch:
* Breakout above $255 for continuation toward $260.
* Failure to hold $251 could signal profit-taking.
Options Suggestion:
* Calls: Consider $255 strike calls for this week if price sustains above $253.50.
* Puts: $250 strike puts if price breaks below $251.00.
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.
Disclaimer
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