Trade Like A BOSS! Apple! (AAPL) =D

Hi friends! Let's take a break from crypto, and take a look at the largest company in the world — Apple! This is a weekly chart, so each candle represents an entire week's worth of trading. As I was looking at this chart, I noticed that a nice bull flag has developed just under the top of the uptrend channel . Apple has actually been trading inside of this channel since 2007, so price action is at a very interesting point right now. Looking closer at the bull flag , we can see that it has already broken out to the upside, but there is a bit of hesitation going on, as it approaches the major overhead resistance. I am very interested in this, as a potential trade, because if AAPL breaks the top of this uptrend channel , it will be the first time since 2007! That will be an incredibly bullish sign, and AAPL would be in a very strong position to charge higher. We can see that AAPL has been riding the 20 EMA (in blue,) as it moves higher, so if I do decide to place a trade, I will probably use the 20 EMA as a stop location. If AAPL does break the topside of this channel, it could have a strong surge higher. There is a bit of a negative divergence happening with the MACD , but that doesn't necessarily mean that AAPL can't break out. I will be paying close attention to see if a breakout occurs. If it does, and if I see confirmation of the move, that will be my buy signal.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media! Good luck trading everyone. I'm out!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

and this is why crypto traders should stay away from real markets. lol
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@JackMush, Well he was proved right ... spoke too soon!
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Any updates? Thank you
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Nice TA. Please keep us updated. Thank you.
BTW, could you do more TA on stocks?
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what do you think of SHOP and SQ?
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My idea is more like your recent forecasts on crypto - quite bearish on the long term.

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@sadburai, That could definitely happen, which is why it's very important look for a breakout with confirmation, before taking a long positions in AAPL. Thank for sharing! -MPC-
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sadburai MagicPoopCannon
@MagicPoopCannon, looks like the flag was not confirmed. Let's see if the 200 EMA will be broken.

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