Apple 2-17 (scalping + forecast)

🔥 Market Overview:
Trend: Apple (AAPL) is in a strong bullish uptrend, rebounding from recent lows and approaching resistance.
Key Levels:
Resistance: $246–$250 (potential breakout zone).
Support: $238–$240 (Supertrend support).
Indicators:
EMA 9: $241.81 (acting as dynamic support).
EMA 200: $235.79 (long-term bullish confirmation).
Supertrend: $238.62 (trend remains bullish).
MACD: Bullish crossover, confirming strong momentum.
RSI: 75.38 (overbought conditions, signaling potential short-term pullback).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:

Buy near: $242–$243 if momentum sustains.
Target: $246–$250.
Stop-loss below: $238.
🩸 2. Breakout Scalping:

Long if price breaks above: $246, targeting $250+.
Short if price rejects $246, targeting $240.
🩸 3. Range Scalping:

Sell near: $246–$250 resistance.
Target: $240–$238.
Stop-loss: $251 if breakout occurs.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If AAPL breaks $246, a rally toward $250–$255 is likely.
A rejection at $246 could trigger a pullback to $238–$235.
RSI is overbought, indicating a possible retracement before continuation.
🔥 News & Market Context:
Product Cycle Strength: Apple remains strong on iPhone demand and AI integration.
Tech Sector Rally: Apple follows the broader tech rally but is near critical resistance.
Macroeconomic Factors: Any Fed policy shifts could impact tech momentum.
🔥 Decision:
🩸 Short-term: Look for a breakout above $246 or a rejection for shorting opportunities.
🩸 Mid-term: Bullish, but extended. A pullback would be healthy before continuation.
🩸 Ideal Play: Buy on dips near $242, or short if price struggles at $246.

👑 Final Verdict: Apple is in a strong uptrend but facing resistance at $246. Bulls need a breakout for continuation; otherwise, a pullback is likely.

🔥 LucanInvestor's Quote: "Momentum fuels the rally, but resistance tests conviction."