AAPL QUICK STOCK ANALYSIS - Apple stock - September 8, 2024 - 10 Bagger Stocks

Published: Sep 07, 2024 Duration: 00:02:49 Category: People & Blogs

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all right everyone first let's take a look at Apple Apple has an event coming up tomorrow September 9 at 1 p.m. eastern time that's when they're expected to release uh the new iPhone iPhone 16 uh we've already heard a lot about it we're going to see how the stock reacts to it it's always risky to trade any sort of news events and I usually recommend not trading news events and trading the reaction which would mean in this case potenti trading after 1:00 after the new iPhone is revealed but um right now we had a little bit higher volume on Friday but the volume on the downturn wasn't too high but it was higher than the volume on the increase so might actually lean a little bit bullish here uh into this news event the Bulls are going to be looking for a higher low above 21748 and I know I was talking about how it's bearish that it could move down to 2 13 area which is the high of this volume area over here the high is 21350 okay that's a heavy support area and if it did move down to that area I would look for that area to hold as a support and get a potential big bounce off that area so if there is any sort of chance that it hits that area tomorrow morning before the event there'll probably be a very good buy area but I doubt it because you could see that Apple was clearly one of the less bearish stocks on Friday and that's likely because as everyone knows this news is coming up about the new iPhone so it seems to be holding up so we're going to see how it react to that news we got support level 2748 uh the Bulls are going to try and get a higher low above that level we have the support level from Friday at 21977 and 220 psychological on the resistance side we now have right around 225 just past 225 uh we hit the other day 22548 if the Bulls are able to hold the 21778 and then break that two 2548 that would be a higher low and a higher high in the daily and a little bit of a double bottom and you never know maybe it could push back to alltime Highs but the overall Market is looking pretty bearish right now so it's kind of hard to imagine that happening at the moment although we have to keep our minds open to all possibilities and not have a bias that's what's important about trading uh just keeping your mind open and not uh being completely firm or expecting something to happen for sure because Nothing is for sure for sure so watching this probably going to get some excitement here something to keep an eye on tomorrow we're going to watch for that double bottom we're going to watch that support see which way it breaks out if any and uh there's probably going to be some opportunity here just something to keep an eye on tomorrow and we'll see

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