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50sma

First 1 trillion dollar companyThere have been many disputes over the first 1 Trillion-dollar company. Many say it is Google or Amazon - on the other hand, I say APPLE. The market capitalisation is calculated by (share price X shares outstanding). Currently, APPLE's shares outstanding is 5.09B, so in order for the company to get to 1 trillion dollars, the price would need to reach $196.50. That’s a 14.1% increase from current prices. AMZN requires a 107% increase to reach 1 trillion. GOOG requires a 167.90% increase. So APPLE is the closest. Also, APPLE is currently in a flag pattern. The RSI is in the middle so there’s a chance for a price rise to overbought. Also, the volume peaked at the start of the flag and has been gradually falling, this further enforces the flag pattern, in addition, the 50 MA is providing support to the stock at the bottom the of the stock. The stock initially broken the flag pattern but then rebounded, this could be potentially showing a rapid rise in price in the future. However, the Coppock curve is going negative, so there may be a pullback before a rise.
NASDAQ:AAPLLong
by BlackbearTrader
50 months MA line and a daily Cypher in focus DXY broke and closed below its 200 weeks MA line last week. The holiday trading week (low volume) helped the sellers to push the Dollar beyond this important support line. Now the next line of defense for DXY is the monthly 50 SMA line and the bottom of the structure zone (weekly) that you see in the chart. The Cypher pattern and the 61.8 Fib level can be used as two potential entry zones for those who still hasn't lost faith in the Dollar's ability to rise! Yellen testimony and U.S GDP in focus. Read more about the Dollar, EURUSD and Stocks in this week's newsletter - #WeeklyMarketsAnalysis (search for it on Twitter)
TVC:DXY
by themarketzone