🧵Heres a thread on my outlook and thoughts on $AAPL - Based on TA and @unusual_whales flow 🐋
Been trading this name quite a lot lately and starting to get a good feel for it. Let me know what you think in the comments below.
(1/10) First and foremost here are my key levels overhead and to the downside.
182.94 (ATH)
180.29
176
172.85
168.17
163.05
155.22
Obviously, there are more "key levels" to be found on different time frames but imo these are the ones I'm placing most weight on.
(2/10) To put things in perspective, here are a few visual screenshots of my charts with respect to their time frames.
(3/10) Now for a more micro analysis let's take a look at this week's $AAPL intraday price action, most specifically the 172.85 level. Coming into this week 172.85 was an overhead level on my chart dating back to February 15th and 16th.
This is the daily chart.
(4/10) Adding to that, on Thursday of this past week, March 24th, we had our first intraday test and rejection of 172.85 resistance. During power hour we retested, broke, held, and saw that previous resistance turn to new support.
(5/10) Something else to note is during AH on Thursday and Premarket Friday, 172.85 was confirmed as AH/PM support.
(6/10) Friday was by far the most interesting day with respect to 172.85. After the overall market took a hit around 10:50AM, we knifed through vwap and ultimately found support off 172.85. I was really thinking $AAPL would ultimately break to the downside and test 171'ish...
(7/10) But as you can see 172.85 posed as a brick wall which turned out to be LOD.
Upside:
Next level overhead is 176 - Break over & I don't have much till ATH (182.94), maybe 180.30.
Downside:
Break below 172.85 support I think $AAPL sees 170 rather quickly, 168.17 as well
(8/10) Now for some interesting @unusual_whales flow 🐋
Expiration dates targeted:
4/1/2022
5/20/2022
6/7/2022
(9/10) Strikes being targeted - categorized by volume
Puts: 175 strike
Calls: 175 strike
(10/10) Hope you guys enjoyed this thread. Thinking about doing one or two of these every week for a ticker of your guy's choice. Let me know what you think!
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