Could AAPL be ready to start climbing?

We’re at a key level of support, and we may go higher [image] How’s it going? When I look at AAPL this morning, I get excited because it seems like we may be setting up for a move higher! On Friday, we saw a candle with a bottoming tail, while we are also at this key level of support that has held for a long time. Look at the chart: [image] Last week, we formed a very similar candle, and AAPL had a really nice bounce for a few days until the Fed news ruined that momentum on Wednesday. The MACD is still crossed to the bears, and it has been bearish for about 33 days. Typically, the MACD stays crossed for about a month at a time, so we’re starting to get a little over-extended on that front, too. [image]( Long term, the story shifts a little bit. The MACD is bearish in the weekly and monthly chart, and has been for a while. So the question becomes whether this is a short-term bounce or becomes a longer-term bounce. If the level of 148 holds, or even better, if we get above 152, we can have a nice little bounce with some momentum to the upside. That would potentially lead to a $7 move to 158/159. On the other hand, if 148 breaks, we have some interesting downside. We’ve made one full cycle, so if we start another cycle to the downside, I’d expect a big move, down all the way to 138. With a broader lens, AAPL is still significantly outperforming the S&P 500: [image] The strong bounce we’re already experiencing this morning is a further sign of that, so it’s an interesting time to watch AAPL closely. And if you don’t know exactly what I’m looking for before I place an AAPL trade, [catch this imminent briefing]() to discover how I use just two indicators to build what I call the “Perfect” AAPL trade. Trade safe, Micah Lamar 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. [Unsubscribe]( Daily Core Report 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555