AAPL Approaching Key Resistance! Trade Setups for Feb. 20

AAPL is consolidating near 245, forming an ascending channel. This suggests continued bullish momentum, but price action near resistance at 247-250 will determine the next move.
📌 Key Support & Resistance Levels:
* Resistance: 247.19 (recent high), 250 (major call wall resistance)
* Support: 241.84, 237.50, 235 (demand zone)

📌 Indicators:
* MACD: Momentum is weak, showing potential consolidation.
* Stoch RSI: Mid-range (48.77), meaning there’s room for both upside and downside.
* Volume Profile: High trading activity around 244-245, meaning price could stall before a breakout attempt.

Gamma Exposure (GEX) & Options Sentiment


🔹 Call Walls (Resistance):
* 250: Highest call resistance—tough breakout without volume.
* 255: Another major call resistance if 250 breaks.

🔹 Put Walls (Support):
* 235: Strong put support—buyers likely step in here.
* 225-220: If selling pressure increases, these are downside targets.

🔹 Options Sentiment:
* IVR: 22.6 (low implied volatility—potential for a move).
* Call Open Interest: 1.7% – Extremely low, indicating a lack of bullish option positioning.

Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If AAPL breaks 247-250, expect a move toward 255.
* Ideal entry: Above 245, stop-loss below 243.
* Profit targets: 247, 250, 255 (extension).

❌ Bearish Setup:
* If AAPL fails at 247 and breaks below 244, expect a move toward 241-237.
* Ideal entry: Below 244, stop-loss above 246.
* Profit targets: 241, 237, 235.

Probability Estimate for AAPL’s Next Move: Bullish Move Above 247 (Targets 250-255)
Scenario Probability (%): 50%
Reasoning: AAPL is in an ascending channel, meaning bulls are still in control.
• Needs volume for a breakout above 247-250. | | Choppy/Sideways (Range 241-247) | 35% | - Volume profile shows heavy activity around 244-245, meaning price could stall here.

* MACD shows low momentum, suggesting possible consolidation. | | Bearish Breakdown Below 244 (Targets 241-235) | 15% | - Lack of call positioning and weak IVR suggests a potential fade.

* If selling pressure picks up, expect downside toward 237-235. |

Final Thoughts
* AAPL needs to break 247-250 for further upside.
* Failure to hold 244-245 could bring selling pressure toward 241-237.
* Low IVR means options are cheap, but also suggests low volatility.

🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 247 → target 250-255.
* Bearish Play: Watch for rejection at 247 or a break below 244 → target 241-235.

🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.