AAPL at a Critical Level! Key Trade Setups for This Week. Mar.3

Technical Analysis (TA) - Trading Perspective
Apple Inc. (AAPL) has been trading in a downward channel, recently testing a key reversal zone around $242.50. The stock has broken out of the descending wedge pattern and is now at a decision point:

Support Levels:

$240 – Major support, aligned with the recent price action.
$230 – Key downside level, a break here could trigger further selling.
Resistance Levels:

$250 – Major resistance & reversal zone, aligned with the call gamma wall.
$255–$260 – Further bullish targets if momentum sustains.

Indicators:

MACD: Turning positive, signaling momentum shift.

Stochastic RSI: Overbought zone, indicating a potential pullback.
Volume Profile: Strong resistance around $242.50, with buyers stepping in.

GEX & Options Trading Perspective

Gamma Exposure (GEX) suggests that options positioning could influence price action significantly:

Highest Positive NetGEX / Call Resistance: $250 – This level is critical resistance where price could slow down.

2nd & 3rd Call Walls: $255 & $260 – If AAPL breaks above $250, gamma-driven buying could push it toward these levels.

Put Wall Support: $240 – This is the main support area based on put positioning.

IV Rank (IVR): 46.6 – Moderate volatility, suggesting decent options pricing.

Sentiment: Puts 17% – Slightly bearish, but positioning suggests a possible squeeze.

Trade Scenarios

Bullish Play:
Entry above $243 with a target of $250-$255.
Stop-loss below $240 to minimize risk.

Bearish Play:
Short position below $240 with a target of $230-$225.
Stop-loss above $243.

Conclusion & Suggestions
AAPL is at a key decision point. A clean breakout above $242.50 could trigger a gamma squeeze toward $250+, while rejection here might bring it back to $230 support. Watch volume and price action at these levels carefully.

📌 This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before trading. 🚀