Trading Analysis of Apple Shares
Trading Analysis of Apple Shares
Source: PaxForex Premium Analytics Portal, Technical Insight
Facebook reported Wednesday that Apple's new iOS 14 operating system could halve advertising revenue for Audience Network users. Using Audience Network Facebook, developers of mobile applications can place viewer-centric ads based on Facebook data. IOS 14 makes it difficult for developers to target ads to specific users and track the effectiveness of ads on different devices.
Apple, H4
Pivot: 503.43
Analysis:
Provided that the asset is traded above 497.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 503.43
- Take Profit 1: 511.00
- Take Profit 2: 514.60
Alternative scenario:
In case of breakdown of the level 497.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 497.00
- Take Profit 1: 491.00
- Take Profit 2: 487.40
Comment:
RSI above 50. MACD is below the signal line and positive. In the short term, prices may recover. Apple is above 20 and 50 moving averages (501.25 and 499.76 respectively).
Key levels:
| Resistance | Support |
| 521.80 | 497.00 |
| 518.20 | 491.00 |
| 514.60 | 487.40 |
Apple, D1
Pivot: 506.78
Analysis:
While the asset is traded above 456.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 506.78
- Take Profit 1: 545.00
- Take Profit 2: 575.00
Alternative scenario:
If the level 456.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 456.00
- Take Profit 1: 435.00
- Take Profit 2: 402.00
Comment:
RSI shows an uptrend.
Key levels:
| Resistance | Support |
| 600.00 | 456.00 |
| 575.00 | 435.00 |
| 545.00 | 402.00 |
We also advise you to pay attention to Disney for intraday trading:
Pivot: 132.18
Analysis:
While the asset is traded above 124.60, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 132.18
- Take Profit 1: 140.20
- Take Profit 2: 144.00
Alternative scenario:
If the level 124.60 is broken-down, follow the recommendations below.
- Time frame: H4
- Recommendation: short position
- Entry point: 124.60
- Take Profit 1: 118.40
- Take Profit 2: 114.60