 Welcome to the channel. This is reliable Rudy today We're going to go over how I take my evaluation from everything money and Match that over to the chart We're also going to go over how I use some of my indicators and we're going to try and break this down as slow as possible And it might take a few videos to get my overall message message over But we're going to try and take it slow and this video might be a little bit longer I But I think it's gonna be good information, but first and foremost. I'm not a licensed financial advisor Everything in this video contains merely my opinion and It's for entertaining purposes only so going back over briefly to my everything money process So let's say Apple's at 120 first thing I'm gonna want to do I'm gonna get notified the first thing I'm gonna want to do Re-evaluate the company determine if I want to buy Apple. Let's say I want to buy it I'll buy a tracker sharing it one single share Now the purpose of having these three areas right here is let's say Apple is trading at 60 bucks I want my position size to be roughly around three to five percent So I have to determine how I'm going to build my position throughout this whole buying area right here so I've mentioned that I want majority of my money tied into broadly diversified index funds and Then you're going to sprinkle into individual companies that you like the value of now for those companies I want my position size to be Roughly around three percent But I mean if we were trading down at 60 am I gonna knock you for pushing that up to five percent now but the key With position sizing is not to force into a position all once just because Apple's trading at 120 and I'm saying oh, this is where I'm really interested in I don't want to force into a lot of buying So buying that tracker share and re-evaluating Over the course of the next couple weeks and seeing the price action I think is very important and I think it will save you a lot of money because let's say You buy that tracker share and then a couple weeks we're trading near 100 flat Well, I like the valuation at 100 flat a lot better. I mean and so forth So there's a lot of value that you can get just by sitting on the sidelines Is one way to put it but over the course of this whole trading spanned I want my position size and Apple to be built up over the course of a long period of time to roughly three Maybe up to five percent depending on the scenario But then we're gonna take this evaluation and we're going to go to the Apple chart Now the charting is going to be a lot of information. So I'll try and keep it simple But the first thing I'm gonna do with the chart any time I go into the charting I'm gonna switch to a month's chart. I want to see the whole economic data on Apple stock now I can see that they became public back in 1980 of December Okay, I can see all the information here on this month chart now off of this month chart I want to set a Trendline of the total long term Trend of the company now with this trendline. I'm looking to get at least three points of contact and If if you can get more than three, you know, that's great. That's just more information more support built up off of that trend line So looking at Apple let's zoom in a little bit Now I can see this looks like a pretty solid spot normally just taking the the bottoms is gonna eventually find you Your trend line, so I'm gonna go from the bottom here And I'm gonna put it for three points of contact So there's your three points of contact right there and now we're gonna switch it over to a week chart and see what this is looking like So I can see Zoom in just a little bit more so I can see my very first point of contact Was basically an inverse head and shoulders in a sense you have your shoulder your head And then you're higher low with an extended over top of this. Okay We won't go into too many terms, but this is the start of your trend line Now the next time we act with this trend line double bottom off of it with a higher low with a wick buying pressure Beautiful just beautiful. Now the next time we act with this trend line same scenario double bottom higher low and it extends So I really like the way that this trend line is set. I can definitely Expect that one day We're going to come in contact with this trend line again because it is sloping up unless Apple is going up and up and up forever One day we're gonna meet up with this trend line mark my words and I will probably buy it Now that is the long-term trend line that could be Ten years from now for all I know but ten years from now. Here's my trend line It's going to keep going up. Can the stock price continue going up with it that only time will tell now We have our long-term trend line now I want to see if there's any other trend lines that I like in here now I'm looking for three points of contact now. I like this right here Because I can see boom boom boom Now this is going to in a sense be a more medium term trend line So I can see moving right through that full candle body There is my trend line boom boom now. What's also important about this? Third point of contact right here. See how it meets up with the previous high Now this is your COVID drop everyone saying oh everything dropped because of COVID nope Everything drops for a reason simple supply and demand do more people want to buy than sell now right here Would more people want to buy than sell? Right off the trend line meeting right in with the previous high or more people going to want to buy than sell You tell me we're also getting an exit of the Kamali channel at the same exact time I mean what more do you want to see and something? But you know, what do I know? Um, so moving right along and so I have a long-term trend line now. I can push I can pull this Through here there is going to be a point in time when we meet with this trend line You mark my words because Apple moving at this rate is not sustainable It's just not sustainable Eventually, we're going to consolidate sideways and meet up with this trend line now What is now more people going to want to buy than sell off that trend line? You know this day is a Little further ahead than what we're currently at but you know, we will see when that day comes So the next thing is I want to see a short-term trend lines Now first a short-term trend line can see right here yet four points of contact probably a fifth point of contact in there So we're gonna go to a day chart and look and see if we can set a short-term trend line So yep, I mean that just looks beautiful. We're gonna put a trend line through this because we can expect That there was a lot of buyers that were buying this trend line, they made a lot of money so Now you can see when we break this trend line We actually back test the bottom of it and now we're currently back testing the bottom of it again So this is acting as support support support support Support support now when we're on the bottom of this Any type of support when you fall when you break support you'd expect it to act as resistance on the way up now It's that's not guaranteed But it's the same thing so I'm gonna zoom in to this day right here or more people gonna want to buy Then sell now you can see we tap this on the money I look at that. This is not a bullish candle right there. That is bearish as it gets That is your sellers coming off of the back test of the uptrend It's support. It tries to hold full red and Gulf and candle right through that No coincidence at all that this was people they probably had a stop-loss put it right here that stop-loss got triggered boom That's your selling pressure now. We test it more selling pressure now We're testing again now. This is a little bit more bullish of a look you're getting a higher low in sense but this is a short-term trend line we will keep all three of these trend lines on there and We will go more into charting Apple in the next couple videos. This is gonna wrap this video up I hope you learn something in this video and we will see you on the next one