As explained in previous analysis and Apple AAPL stock forecast and a few others in the past, together with the updated video analysis on my YouTube channel, we expected price to break all-time highs after reaching a very strong imbalance, and that’s exactly what Apple Inc (NASDAQ: AAPL) has accomplished.
As explained a few months ago, a very strong monthly demand imbalance of around $218 per share was created before the COVID-19 virus shattered the markets; Apple Inc (NASDAQ: AAPL) broke all-time highs and records again once highs marked by the COVID-19 pandemic were broken. Apple Inc stock seems unstoppable, great for intraday trading and stock swing trading strategies. You can use this Apple supply and demand analysis to plan trades using other stock trading strategies that use smaller timeframes to enter a trade, even stock trading strategies that use indicators and oscillators.
See below the updated Apple Inc (NASDAQ: AAPL) supply and demand technical analysis. The chart below represents the monthly timeframe.
The Nasdaq index and QQQ ETF index have also broken all-time high. The IT sector is very bullish, with no reason to go short on Apple Inc stock, not even for intraday traders.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances on Apple Inc (NASDAQ: AAPL).
Trading supply and demand imbalances is ideal for beginners and those with a full or half-time job. You won’t need to stay in front of the computer all day long trying to move price action on Apple Inc (NASDAQ: AAPL) with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) on Apple Inc stock if you are in a country where it’s allowed.
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