AAPL Holding Key Support! Will Bulls Step In at $239?
Technical Analysis for February 27, 2025:
1. Current Price Action:
* AAPL dropped sharply and found support near $239, now consolidating in a tight range.
* A falling wedge pattern is forming, suggesting a potential reversal.
* The Point of Control (POC) at $241.52 is a critical level to reclaim for upside continuation.
2. Key Levels to Watch:
* Support: $239 (Current low), $237.50 (Next major downside level).
* Resistance: $241.50-$245 (POC and major resistance), $250 (Critical breakout level).
* Upside Targets: $245, $250, $255.
3. Indicators Analysis:
* MACD: Bearish but flattening out, suggesting downside momentum may be weakening.
* Stoch RSI: Deeply oversold, indicating potential for a bounce.
* Volume Profile: Heavy resistance at $241-$245; a strong move above this level could trigger upside momentum.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $250, $255 → Major resistance zones.
* Put Walls: $237.50, $235 → Downside risk areas.
2. IV & Sentiment:
* IVR: 45 (Moderate)
* IVx Avg: 30.5 (Low volatility)
* Put Positioning: 14.7% bearish sentiment (Put-heavy).
* GEX Sentiment: Currently negative; if AAPL stays above $239-$241, sentiment could shift bullish.
3. Trading Suggestions:
* Bullish Setup: If AAPL reclaims $241-$245, consider long positions targeting $250-$255, with a stop at $238.
* Bearish Setup: If AAPL rejects $241.50, short setups targeting $237.50-$235, stop at $243.
* Options Play: Selling put spreads at $237 support or call spreads near $250 resistance.
📌 My Thoughts & Suggestion:
* AAPL is at a critical inflection point—holding $239-$240 could lead to a reversal toward $245-$250.
* If the stock fails to hold $239, expect a test of $237-$235.
* Low volatility makes long options attractive, especially for a directional bet.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
1. Current Price Action:
* AAPL dropped sharply and found support near $239, now consolidating in a tight range.
* A falling wedge pattern is forming, suggesting a potential reversal.
* The Point of Control (POC) at $241.52 is a critical level to reclaim for upside continuation.
2. Key Levels to Watch:
* Support: $239 (Current low), $237.50 (Next major downside level).
* Resistance: $241.50-$245 (POC and major resistance), $250 (Critical breakout level).
* Upside Targets: $245, $250, $255.
3. Indicators Analysis:
* MACD: Bearish but flattening out, suggesting downside momentum may be weakening.
* Stoch RSI: Deeply oversold, indicating potential for a bounce.
* Volume Profile: Heavy resistance at $241-$245; a strong move above this level could trigger upside momentum.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $250, $255 → Major resistance zones.
* Put Walls: $237.50, $235 → Downside risk areas.
2. IV & Sentiment:
* IVR: 45 (Moderate)
* IVx Avg: 30.5 (Low volatility)
* Put Positioning: 14.7% bearish sentiment (Put-heavy).
* GEX Sentiment: Currently negative; if AAPL stays above $239-$241, sentiment could shift bullish.
3. Trading Suggestions:
* Bullish Setup: If AAPL reclaims $241-$245, consider long positions targeting $250-$255, with a stop at $238.
* Bearish Setup: If AAPL rejects $241.50, short setups targeting $237.50-$235, stop at $243.
* Options Play: Selling put spreads at $237 support or call spreads near $250 resistance.
📌 My Thoughts & Suggestion:
* AAPL is at a critical inflection point—holding $239-$240 could lead to a reversal toward $245-$250.
* If the stock fails to hold $239, expect a test of $237-$235.
* Low volatility makes long options attractive, especially for a directional bet.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.