Anthony Speciale Stock Market Analyst

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MORE MONEY, MORE QUICKLY, MORE SAFELY.

Apple Stock Just Settled Above a Key Level

Apple Inc. (AAPL) – the most valuable company in the world – just settled above its 200-day moving average this past week…

If you don’t know about the 200-day moving average, it is a staple of what defines a trend.

It’s not a buy or sell signal, however. It’s a tool for finding confirmation of a trend.

When price action settles above it, you should consider looking for opportunities to buy the market.

When price action is trending below the 200-day, you should consider looking for opportunities to sell the market.

With that in mind, Apple Inc. (AAPL) – the most valuable company in the world – just settled above its 200-day moving average this past week…

Here’s what could mean for the stock going forward…

Apple Gets Going

This week, AAPL is actively attempting to overcome a known resistance structure above the current price.

If that happens, we could be looking at a buying opportunity on AAPL at the end of this week with some follow-through into next week.

But first, there are a few other areas I’m looking at to give us the all-clear-for-takeoff signs.

There’s a pivot high that generates the descending top orange structure and the structure itself that I’d like to see price action overcome and settle above.

Weekly Chart of Apple, Inc. (AAPL) – Source: TradingView

When or if that happens, this stock has the opportunity to grind much higher and potentially even place new all-time highs.

Watch Out for Traps

If it doesn’t overcome the orange structure above, this rally would then be considered what’s known as a “bull trap.”

A bull trap is when the market rallies hard enough and high enough in a bear market that traders are convinced it’s going higher, so they start piling back into the market.

Then, the bottom falls out, and everyone is left holding the bag.

Their stop losses have been hit or they’re now holding company stocks that are basically cut in half.

Our hope is that’s not the case, but time will tell all… It always does!

Get the Inside Scoop

Before I go, I need to invite you to a special LIVE event happening TODAY at NOON!

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Ross’s premium Insider Effect research service focuses on corporate insider buying.

These insiders are corporate CEOs, CFOs, executives and board members either purchasing or selling shares in their own companies.

These folks have a footing of knowledge that Main Street investors simply do not.

Ross is holding a special session today at 12 p.m. EST, which is absolutely free to attend.

He’ll cover his strategy for trading alongside corporate insiders and generating potentially massive gains as a result.

Just click here to register and reserve your seat for his special Insider Effect presentation today at 12 p.m. EST.

Rules to Live By

“Learn as if you will live forever, live like you will die tomorrow.” Mahatma Gandhi

Until next time, I wish you a beautiful and blessed day!

Yours In Trading Success,

Anthony Speciale Jr.

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