What's going on moonging, i hope that you're having a good one today, let's talk about apple, because it's stock really seems to be in the giving mood in this video. I will briefly be going over apple's newest fight with facebook, and after that i will be doing a technical breakdown of the stock, where i map out all the key price levels that will be in play as we move forward, make sure you stick around until the End because i will also be sharing how the options play worked out, which i started in the previous apple video before we get into all that, though, if you haven't already don't forget to join the moon gang by hitting the subscribe button and dropping a like all That support really helps this channel out and now with all that out of the way, let's get started. Well, here's a headline for you: facebook declares war on apple now. Obviously this is pretty hyperbolic, but it does bring up the fair question what's going on and does it really matter? Social media company joins anti-trust effort against iphone maker claims, changes to ios that block targeted advertising that facebook specializes in is an assault on small business.

This last part could very well be true, but i would be willing to bet that facebook is doing this to protect their own bottom line. Here is a related article, facebook, slams apple privacy, change again suggesting it will kill free apps facebook accuses apple of moving the free ad-supported internet into paid apps and services, where apple can take a cut. Apple's changes will take a privacy option that was previously more difficult to access and put it front and center when consumers opened an app, it's expected to dramatically impact the ability of advertisers to target ads because people are not to opt in honestly. This is pretty hilarious.

Both apple and facebook are somehow arguing that they're trying to protect the common person when, in reality it looks like they're just trying to boost their own revenue. Did you really expect anything else as of now? This doesn't really bother me too much, but i just wanted to bring it to your attention in case it becomes a big deal anyway. Let's check out what's going on in apple's chart alrighty, this is apple's daily chart and the stock which trades under the ticker aapl is currently just below 129 anywhere from the past week to the past year. Apple is in the green and from the start of 2020.

Until right now, apple stock has returned a very impressive 75. This is the current technical situation that apple is in for those of you who are new to the channel. Here's a pretty quick recap from mid-july up until september apple did rally to its current all-time high of 138, and this was mainly because of the excitement surrounding the company's four for one stock split from this high. There was a pretty brutal sell-off down to 103 and then the stock ping pong back and forth.

We saw 125 down to 107, then the stock was kind of not doing much. For most of november, we saw a new higher low at 112 and finally, the bull camp got things in gear and started pushing it upward. At first, we did see a double top rejection right at 125. This went below the trend line and then it was announced that apple was producing the iphone 12 at an absolutely crazy rate, because the iphone 12 is in such a high demand.

This pushed the stock back up into these two blue trend lines, and now we are at the exact resistance of 129, which was where the stock was rejected. Back in late august, the winner of this current fight will directly set up the next major league for apple stock. If the bulls end up winning, i would expect one of two things to happen. It will shoot up and potentially get rejected at this trend line, which would set up a ping pong scenario, or it could break above that and make a test of the all-time high at 138.

On the other hand, though, if the bear camp ends up winning, i would look for support to be found first, at 125. past that we have the last relative low of 120 and from there i would also watch 118.. Personally, i do view the current risk to reward setup to be a pretty good one. The closest support would be a drop of 2.6, but on the other hand, if the stock does return to 138, that would be a gain of 7.

As things currently stand, i really don't have anything too special to say about the rsi, except for the fact that there is a decent room for it to go upward, which makes me confident in apple's ability to test either this trend line or the current all-time high. Now, to get a better idea of what apple might do over the next few training days, let's check out the four hour chart as a quick reminder. The name of this charting software is trading view and there's a link to a free 30-day trial. In the description of this video, if you're interested in it, it's a great way to support this channel, okay back to apple, as you can see, it is right at the top of a region of resistance, which is exactly where apple was previously rejected in late august.

Now, i'm fully expecting the bear camp to put up quite a fight at this price level, because if they don't and the stock gets above, it there's really nothing stopping it from shooting up to 138 and potentially making a new all-time high. In all honesty, i have no clue which way apple's going to break. I mean who knows who's going to win this fight. I want the stock to make a new all-time high right away because i am invested in apple, but i would like to bring your attention to the rsi.

There are two levels of bearish divergence. If we take a look at these, three relative highs, you'll notice that even though the stock went higher, the rsi didn't it dropped and now it's equal. This is called bearish divergence because it's commonly followed by a decline, or at least a period of consolidation, so moving forward. I really wouldn't be that surprised if apple ends up consolidating in this region of resistance, which would give the rsi a chance to cool off gather its thoughts, and then the stock would be able to shoot up above 129 and make a test of 138..

Obviously, though, this is by no means a perfect indicator, so if apple stock ends up shooting straight up, that would be pretty cool too no matter what happens with apple over the next few days, i'm still very much a long term bull on this stock, which is Exactly why i'm planning on holding my shares from 117 for quite a while, however, with that being said, i did sell a portion of my apple position early this morning for a profit. In my previous video on december 15th, i mentioned that i bought some call options on apple. The strike price was 127, the expiration date was december 24th, and the premium that i paid per contract was 2.55 cents. Then, today, at 9 45 am i sold all those contracts for three dollars and 35 cents, a piece which means i made 80 in profit per contract.

The reason i chose to sell today was because time is a big factor when trading options. I saw that the stock was at a level of resistance, and on top of that there was bearish divergence in the rsi and really when it came down to it, no one ever went broke, taking profits. I know that options trading can be very complex. So if you want me to make more tutorial videos related to the subject, let me know in a comment below, 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 more specifically. How high do you think the stock will go between now and the end of the year? Also, if you have any questions, feel free to post those as well and i'll make sure to answer as many as i possibly can.

If you enjoyed this video, don't forget to drop a like, and if you haven't already don't forget, to join the moonging by hitting the subscribe button. All that engagement really helps this channel out and as a quick reminder. If you're interested in free stocks make sure to check out the link to the weeble training platform in the description of this video thanks for watching and until next time best of luck in the markets, you.