AAPL Extremely Bullish, Don't Buy on FOMO!

AAPL shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement.

At the time of this writing, AAPL was trading at $222.98.

We will find resistance from levels from above including:

222.99 from volume profile over the past 14 periods
223.49 from highs and lows over the past 14 periods

We will find support from levels from below including the following:

222.48 from volume profile over the past 14 periods
221.89 from volume profile over the past 14 periods
220.55 from volume profile over the past 14 periods
219.20 from volume profile over the past 14 periods
218.70 from volume profile over the past 14 periods
218.02 from volume profile over the past 14 periods
217.10 from volume profile over the past 14 periods
216.43 from volume profile over the past 14 periods
215.40 from volume profile over the past 30 periods
213.85 from volume profile over the past 30 periods

Lets look at some technical analysis for AAPL. Volatility has narrowed a bit, but may continue more before a breakout. The RSI is 81, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. We are well above the 50 period SMA, which suggests that we are overbought. Also, AAPL is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX indicator reads 68, which is indicative of a strong bull trend.