Apple scalping + forecast (2-19)

🔥 Market Overview (Apple - AAPL)
Trend: Apple is in a recovery phase after a significant correction, currently consolidating near resistance.
Key Levels:
Resistance: $244.74 (EMA 9), $247.00 (Local High)
Support: $242.30 (Supertrend Support), $237.04 (200 EMA)
Indicators:
EMA 9: $244.74 (Short-term trend indicator)
EMA 200: $237.04 (Strong support)
MACD: Bullish momentum but flattening.
RSI: 58.46, nearing overbought levels.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)

Buy near: $242-$243, targeting $247.
Sell near: $247-$248, targeting $243.
Stop-loss: Below $241.
🩸 2. Breakout Scalping (If $248 Breaks)

Buy above: $248, targeting $250-$252.
Stop-loss: Below $246.
🩸 3. Momentum Scalping (For Quick Trades)

Short near: $247-$248, targeting $243.
Buy near: $242-$243, targeting $247.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
AAPL needs to break $247-$248 to continue the bullish momentum.
A rejection at $247 could send the price back toward $242.
MACD momentum is slowing, signaling potential consolidation.
🔥 News & Market Context
Apple remains a leader in the market, with strong institutional backing.
Tech sector strength supports the current uptrend, but broader market conditions remain uncertain.
Earnings and macroeconomic data will be key drivers.
🔥 Decision:
🩸 Short-term: Range trade between $242-$247, favoring long positions near support.
🩸 Mid-term: Needs a breakout above $248 to confirm further upside.
🩸 Ideal Play: Scalp longs near $242, short rejections near $247-$248.

👑 Final Verdict:
AAPL is at a key resistance zone. A breakout could fuel further upside, while rejection may lead to a pullback.

🔥 LucanInvestor's Quote:
"The best trades happen at the extremes—react accordingly." 👑