What's going on moon gang, i hope you're having an awesome day. The first trading week of november is now over, and things were surprisingly bullish. I hope you were able to get a piece of the action. My name is matt and in this video i will be doing a technical breakdown of apple and tesla, both of which are main investments.

In my personal portfolio, i will be laying out the key levels of support and resistance, so we are better prepared for the remainder of the month, but before i dive into all that, if you haven't already don't forget to join the moon gang by hitting the subscribe Button, my goal is to hit 5 000 subscribers by the end of this year and your help with that would be truly appreciated. Also, it would be great if you could drop a like, because it really helps with getting this video in front of other people who may be interested and now that i got that out of the way, let's get started, okie dokie. Let's kick things off with apple. This technology titan trades under the ticker aapl and as of the most recent market, close it's just under 119 at this price level.

That means that apple once again has a market cap over two trillion dollars. Even though today was a slight red day over the past week, it's up nine percent over the past six months, it's up 51 and from the start of the year. Until now, it's up a respectable 62 percent, and here is the current situation that we're dealing with apple's all-time high is at 138 dollars, and that came in early september. Since then, the stock has essentially been consolidating, but it has been making slightly higher lows and slightly higher highs from mid-october leading up to the election.

There was a pretty noticeable sell-off and it even broke below this trendline and the incredibly important support at 112. From this high on october 13th, until the start of november, the stock came down 13 percent. Fortunately, over the past couple trading days, apple has managed to recapture both the support and the trend line and since november 2nd apple is currently up. 8.8 percent.

As you can see, the bulls and bears are currently battling it out at the resistance of 119.. If the bulls end up winning this fight, the next resistance would come at the previous high just above 125, and that would be a gain of 5.5. And after that, we would be looking at 129, which would be a gain of 8.4, and just so you know the all-time high would be a gain of 16 from the most recent close. On the other hand, if this recent bounce is just getting my hopes up and it ends up becoming a bull trap, the closest support would come at 112 and that would be a decline of 5.4 percent, and if the stock falls below that, we would have the Recent low at 107, and that would be a decline of almost 10 percent, and if the bulls can't make a stand there, i would then be watching 103 and that would be a decline of over 13 percent when you're dealing with the stock market.

Anything could happen, especially when you consider the current state of us politics, but with that being said, this recent failed. Bearish breakdown has me favoring scenario, number one: the bull case: it's the bull camp can manage to recapture 119 and then hold that line. I think it's very probable that we'll see 125 and then that would be followed by 129. to get a more detailed view of.

What's going on, let's switch over to the 4-hour chart. Now we can get a better depiction of what i mean when i'm saying that apple has essentially been consolidating. Since early september, this stock has gone from a large bull flag which broke upward to a medium bear flag which broke downward to a very small bull flag and that recently broke out beyond this bullish structure. There were other clues that the stock was about to have a positive move, namely there was divergence in the rsi, even though the stock was making a new low.

The rsi wasn't and that's typically, a sign that the sellers are becoming exhausted and on top of that, it was recently announced that there will be another apple event on november 10th. These events are seemingly always accompanied by excitement in the stock price. So when you put together this bull flag with the rsi divergence and an upcoming catalyst, there was a very good likelihood that the stock would bounce. The golden question now is: can this move be sustained and that's all going to come down to this battle at 119.? As i said earlier, i think there's a pretty good chance that the bull camp continues to push the stock upward, but i also think that the bears will attempt to make a stand somewhere between 123 and 126.

I'm thinking that this is a probable scenario, because not only is this previous resistance, but if the stock gets above it, it would be a new relative high and that would open up the door to the all-time high if you've been keeping up to date. With my videos related to apple, you know that i recently bought shares of the company on two occasions in this mess here, and my average cost was around 112 dollars, which brings my total cost basis down to 118. moving forward. If the opportunity presents itself, i fully plan on buying more shares of apple somewhere in this region of support between 100 and 105 dollars.

If this ends up not becoming a reality, i am perfectly fine, with holding my current shares for years to come, because i think there's a pretty good chance that apple stock will clear 150 dollars within the next year and the sky is the limit after that. Now, let's dive into the leading electric vehicle company, tesla tesla trades under the ticker tsla and as of the most recent market, close its stock is just under 430 dollars at this price level. That means that tesla once again has a market cap of 400 billion dollars. Even though tesla did drop two percent today, over the past week, it's up 11 over the past six months, it's up 165 and from the start of the year.

Until now, it's up an incredible 414 percent. As you can see on this chart, there are a lot of similarities between apple and tesla, tesla posted its all-time high in early september, and that was just above 500. From that point, there was a sell-off and the stock has been consolidating ever since, but there have been higher lows and slightly higher highs. Tesla had a pretty rough time in the second half of october.

It broke through this trend line and the support at 412 and it ended up declining almost 16. Fortunately, the stock recaptured this support with relative ease, and since this low tesla is now up almost 11, because tesla and apple's charts are pretty similar. My thesis for the two stocks is also pretty similar. If this support at 412 can hold, i think there's a very good chance that the stock will be on its way to test the region of resistance between 450 and 460..

If the bull camp can manage to push the stock above that, we would then be on our way to test the all-time high. As of the most recent close, the bottom of this region would be a gain of 4.5. The top of this region would be a gain of 7.5 percent, and just so you know, the all-time high would be a gain of almost 17, but if the market feels the need to test the level of demand at 412 from the most recent close, that would Be a decline of 4.4. If this doesn't hold, i would then be watching the recent low at 380, and that would be a decline of 12, and after that we have this region of support between 360 and 350, which would roughly be a decline of 17.6.

I would really like to see this support of 412 hold, but if it doesn't, we really just needed to stay above 380 to keep with this trend of higher lows to get a slightly different. Take of what's going on, let's check out tesla's 4-hour chart when you include pre and post market trading, you can see that there is a slightly different technical structure and you get this top blue trend line, which is exactly where the stock is now. This breakout is yet to be confirmed, but if it holds true, the next battle will be in this region of resistance, and if the stock manages to break the double top here, then there is a very good chance that it would be on its way to testing The all-time high, so basically it all comes down to. Can the bull camp hold this support at 412 and this trend line and then break through this region of resistance between 450 and 460., whether it's bullish or bearish? I think that we will be getting our answer soon.

On more of a personal note, i sold all of my shares of tesla when this region of support broke. Looking back on it, it was an emotional trade because i thought there was going to be much more volatility in the market because of the presidential election. After talking it over with a lot of view and seeing that the rsi was very low, i decided to rebuy a partial position at 400 flat. I want to clarify that i said partial, because i would still love to buy more shares of tesla in this region of support between 350 and 360., similar to apple.

If this doesn't happen, i'm more than happy writing. My current shares to new all-time highs, as things continue to develop with both apple and tesla i'll, make sure to keep you updated in future videos and also keep you posted on my positions in those companies. So make sure you have your notifications turned on i'd love to know your thoughts on both apple and tesla and where you see those stocks going between now and the end of the year. If you made it to this point in the video, you should know that your support truly means a lot to me.

If you have any suggestions or recommendations for what i should cover next feel free to. Let me know in a comment below 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. If you're at all interested in the charting software that i use. There's a link to a free 30-day trial in the description of this video thanks for watching and until next time best of luck in the markets, you.