What is going on moon game, i hope you're having a good one. Let's talk about apple day in and day out, this company and its stock proves itself to be an absolute monster. I strongly believe that if you're not invested in apple you're missing out on some easy money in this video, i will be going over a recent announcement related to the company that has a lot of investors excited and then i will be doing a technical breakdown of Apple stock, i will be mapping the key price levels that will be in play between now and the end of the year. Before i get into all that fun stuff, though, don't forget to join the moon gang by hitting the subscribe button and dropping a like all that support is truly appreciated and now without further ado, let's get started well.

The eevee space just got a little bit more competitive apple sees market value grow by 102 billion dollars. After reports says, the company aims to produce electric cars by 2024.. The tech giant aims to compete in the rapidly expanding electric car market with new battery technologies that improve vehicle safety and range the advancement will also radically cut down on battery costs. This last part is pretty important, because the most expensive part of an electric vehicle is the battery.

So if that can successfully be lowered, it would help evs reach a price parity with common gasoline vehicles, and that would really help with the demand inflection. This announcement caused apple's market value to grow by more than 102 billion dollars. However, apple stock wasn't the only one that benefited suppliers of lidar sensors also rallied for those of you who don't know. Lidar sensors measure, distance and they're used for 3d representations and they're very common in autonomous vehicles.

It was announced that apple plans to partner with these companies for some vehicle systems. I wanted to bring this to your attention because it's very common when there's big announcements like this for there to be upstream sympathy, plays what i mean by that is, if you feel strongly in the travel industry rebounding instead of playing an individual airline, you could invest In a provider such as boeing or airbus, or if you really like esports the way i do instead of playing a single company that creates a game you could play. The hardware providers like nvidia creates the processing chips and logitech makes the mice and keyboards anyway. Apple's automotive plan is referred to as project titan apple plans to incorporate a mono cell design that concentrates battery cells and creates more space in battery packs.

The layout allows for denser battery units and, in turn, a longer range than layouts with more loosely packed cells. Personally, i believe that these are pretty lofty goals and apple definitely has the money to pull it off, but they would have to work on attracting the proper talent. Obviously, all of this will take some serious time, but i do hope that they're successful in the meantime, let's check out what's going on in the charts alrighty, then it is time to sound the alarms, because today, apple had an official technical breakout, the stock which trades On the ticker aapl gained 2.85 percent, which puts it just below 132 dollars. Clearly, there was a lot of excitement because the total volume of shares traded was 167 million and its own 10 day average has been 116 million across all the major time frames.

Apple is in the green and from the start of the year until right now it is up almost 80 percent. This is the current technical situation that apple is in for those of you who are new to the channel. Here's a quick recap of what's been going on. Its all-time high is at 138, and this was hit right after the company's four for one stock split.

Unfortunately, from there the first half of september was pretty rough for the stock and it ended up selling off down to 103. from there the bulls regained a bit of control and posted a new relative high at 125.. The bear camp wasn't too fond of that and with the rest of the overall market, apple did end up selling off from mid-october until the start of november, but, what's even worse, was that it broke below this trendline. A support was eventually found at 107..

Eventually, the stock did get back into this overall wedge structure, but the bearish kicked it out again and a new relative high was made at 112.. It is worthwhile to point out that, from march of this year until now, the stock has consistently been posting higher lows. After this second breakdown, there was another attempt to get back in which led to a third breakdown and then another attempt to get back into the wedge. It looked as if recent history was going to repeat itself again, because apple was rejected at the previous resistance of 129, which is what we saw in late august.

The stock did look like it was heading towards breakdown number four, but then because of the new stimulus bill, the bull camp came out like rocky balboa and pushed it above this previous resistance and now we're at 132. I do believe that this bullish momentum will continue and i think that one of two things will happen number one. We could come up to this top trendline and get rejected like we were twice before, or there could be another bullish breakout which would lead to a new test of 138. if and most likely, when apple gets above this price level, we would have to let price Discovery play itself out, so we can pick out the new points of technical resistance from the most recent close to get to the trend line.

That would roughly be a gain of 3.3 percent and then to get to the previous all-time high. That would be a gain of 4.6 now, even though i'm very much bullish on apple's, short-term and long-term future. You should know where the closest supports are at the first. One would come at that previous high from 129 and past that we would be looking at 125.

from the most recent close to return to those levels. The stock would have to drop 2.5 percent and five percent in terms of the rsi there's, currently no divergence or anything like that, but it is getting pretty close to the overbought territory. This is telling me that there is enough momentum to get to this trend line or even the last all-time high, but once we get there, there could be a momentary rejection which would allow the rsi a chance to cool off before it makes another leg higher to A new all-time high to get a better idea of what might happen between now and the end of the year. Let's check out, what's going on in the 4-hour chart before we jump into this time frame, i wanted to mention that the name of this charting software is trading view and if you want to try it out, there's a link to a free 30-day trial.

In the description of this video, okay back to apple, so for most of november, the stock was range bound between 116 and 121. Eventually, there was a bullish breakout which just led to two weeks of the bulls and bears battling it out at the previous resistance of 124.. Eventually, the bull camp did prove to be victorious and they ran the stock up to the previous resistance from late august. At 1 29.

this was short-lived and kind of expected because not only was the stock sitting at a strong point of resistance, but there was bearish divergence in the rsi. What i mean by that is, if you look at this relative high from the first breakout in early december, compared to this relative high. Obviously, the stock had a higher value, but the rsi didn't. This is referred to as bearish divergence and it's commonly followed by a decline and that's exactly what we saw, but this time support was found at the previous resistance turn support.

Now at 124, then, on the news of the stimulus package being passed in congress apple had a very nice rally from 124 up to 131. This is an official breakout, but i do want to mention that, as of now, we still have bearish divergence. The stock is higher, but the rsi is lower over the next few days. I'll be looking for one of two things to happen: number one: the stock could continue its trip upwards to around 138 and that would bring the rsi with it, which would get rid of this bearish divergence.

Number two: the stock could come back down to these levels of resistance turn support at 129 or 124, which would allow the rsi a chance to cool off before the stock makes a move to its next leg higher. In other words, no matter how you slice it apple stock has clear bullish momentum in both the short and long term. The iphone 12 has a huge amount of demand, which leads me to believe that the company will have an excellent holiday season and will have a blowout earnings announcement. I strongly believe that this stock is on its way to a new all-time high, as things continue to develop, both fundamentally and technically, with apple i'll, make sure to keep you updated in future videos so make sure you have your notifications turned on.

I would love to know your thoughts on apple in a comment below how do you think that the stock will perform in the year 2021? Personally, i have very high hopes, but feel free to. Let me know if you think, i'm missing something also, if you have any questions post, those as well and i'll make sure to answer them in future videos, if you enjoyed this video, don't forget to drop a like, and if you haven't already don't forget to join The moon gang by hitting the subscribe button, all that support, is truly appreciated and, as a quick reminder, if you're interested in free stocks make sure to check out the link to the weeble trading platform in the description of this video thanks for watching, i hope you Have enjoyable holidays and best of luck in the markets? You.