Technical analysis by ShortSeller76 about Symbol AAPLX: Buy recommendation (7/11/2025)

ShortSeller76

AAPL is forming a wedge and been lagging for 2 years. I was expecting $182 but we never saw that level, after weeks of $200 range consolidation it's clear this is basing, first target of resistance is $223 then we could be off to the races. I would expect to see this as soon as next week provided #donthecon can stop bullying American companies long enough to focus on important thingsAAPL still a BUY here. However I don't do earnings plays as of the last 2 years I will not hold any position overnight. The IV and theta decay dont make the risk reward make sense. I have traded in and out of APPL 6 times since posting this mostly using the short term chart 5-30 min, when I have a direction called I don't mind getting "stuck" with calls on a bullish position. AAPL is frustrating a lot of people since it's lagging but I do believe it will have a catch up trade very soon, the direction pre- earnings is clear UP. Weeks of consolidation and higher highs and higher lows. ER is always a wild card with all stocks as no matter the number the interpretation cannot be predicted ergo it's not worth the risk to hold through ER releaseAnother rough week, took at $54,000 loss on this. Broke structure IV on options was over elevated and of course it was a sell the news