AAPL Potential for Bullish Rise | 16th February 2023Looking at the H4 chart, my overall bias for AAPL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for an immediate buy entry at 155.47, to ride the bullish momentum. Stop loss will be at 149.23, where the recent low is. Take profit will be at 176.14, where the previous swing high is.
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AAPL
Goodbye $AAPL, it's been a good run. Next stop <$100After earnings yesterday, Apple got it's last in final pump right into resistance, and it looks ugly from here.
I think Apple will likely top out at $156-157, testing it's 200EMA as resistance, and if it can't break above there, the future for Apple's stock price doesn't look great.
From here, Apple will likely fall below $100 over the next 2-3 years (potentially sooner). I'd become a buyer again at $66 (or lower).
Good luck.
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Apple | Fundamental Analysis + NEXT TARGETApple has long been regarded as the company that Wall Street despises. Sure, there are many fans of the iPhone maker, but as soon as any unfavorable factors emerge, analysts scatter, with everyone predicting that Apple has reached the end of its growth phase and that its glory days are over.
Until the next earnings report, when so-called surprises about how solid its business is unavoidable.
For example, iPhone sales fell 8.1 percent to $65.8 billion in fiscal Q1, and Apple's overall revenue growth was the slowest since 2016, and many believe the tech titan's future is bleak.
So, where do you see Apple in a few years? Will it, as its critics claim, give up, or will it be able to overcome obstacles and maintain its long-term growth trajectory? Most people still place themselves in the latter category, and here's why.
Apple's earnings report was, admittedly, a little disappointing, but not entirely unexpected. Given the consumer electronics giant's supply chain constraints, iPhone sales, for example, may be considered better than they should have been.
Due to plant closures in major Chinese cities, Foxconn, Apple's largest iPhone assembler, was under severe pressure, with employees forced to sleep in the factory due to travel restrictions. However, once China lifted the restrictions, Foxconn quickly resumed much of its production, and its January revenue reached a record $22 billion.
iPhone sales were likely only pushed back for the March quarter, and production increased again, with CEO Tim Cook telling analysts that production "is where we want it to be right now."
While Mac revenues fell sharply in the first quarter, as did wearable device sales, iPad sales increased sharply, indicating that there does not appear to be a widespread consumer demand problem. The main issue is supply, which has, for the most part, stabilized.
Despite its problems, Apple was still growing in relation to the industry as a whole, gaining market share while the industry, including the iPhone industry, was shrinking. According to Gartner analysts, the decline in PC sales outweighed the decline in Mac shipments by a factor of two. In fact, it was "the steepest annual drop in shipments in Gartner's PC tracking history."
Mac shipments were down 10% during that time period, but Asus was the best PC manufacturer, with shipments down 19%. Apple was the only manufacturer to see growth in 2022. Apple's market share increased from 8.6% to 10.7%.
In wearable devices, Apple has a significant advantage over its competitors, with more than twice the market share of its closest competitor. Apple Watch has a 26% market share, while Samsung has a 12% share.
Apple's installed base now exceeds 2 billion active devices, more than doubling from seven years ago.
In terms of Apple's future, it's worth noting that services revenue for the quarter reached a record high of nearly $21 billion. This division includes the App Store, Apple Pay, and a variety of subscription services like iCloud, Apple TV+, and Apple Music.
Last year was a record year for the App Store, with subscriptions increasing 21% to 900 million from 745 million the previous year. And, while service revenue growth slowed to 14% in 2022 from 27% in 2021, that period was part of Apple's and other companies' pandemic boom. Like the supply chain situation, this is simply a return to the mean.
Although Apple stock has recovered 22% from its late-December lows, it is still 15% below its August highs. While this implies that Apple was a better buy in early 2023 than it is today, the tech company's stock is still a great business to own – with plenty of growth ahead, whether in three or ten years.
$msft weekly close Microsoft (MSFT) had a great start this week with the announcement of its new AI partnership with OpenAI, as well as some positive signals from its double bottom pattern. However, by the end of the week, MSFT seemed to be losing momentum and experienced a pullback to its support level. The question now is, will it be able to hold or will it falter?
Apple -> New All Time Highs ComingHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Over the past couple of weeks Apple stock had a quite nice pump towards the upside, again rejecting a massive weekly previous support zone , so this recent rally was definitely not unexpected.
Currently we are quite overextended towards the upside and also retesting a resistance zone ; therefore I do expect a short term retracement but then the longer term continuation towards the upside.
From a daily timeframe I am now just waiting for a retest of the next support area from which we could then definitely see the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Possible Short for Apple $AAPLNASDAQ:AAPL
Taking a look at a possible short/put play here on Apple
This is only a valid trade if we can get a candle close below 149.71
If that happens you can set a tight stop above the previous resistance and from there trace the fib levels down where you can also see a gap fill down around 147
Now $AAPL did close above that resistance so this is not an active trade until that 149.71 breaks. could never happen but either way wanted to share how I'm looking at it given we could be in for a volatile week ahead!
Good luck out there traders
AAPL: Bearish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the AAPL pair which is likely to be pushed down by the bears so we will sell!
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$Googl to the dirt ? #googl $qqq Today, Google opened higher, testing the weekly low. On the 30-minute chart, a double top has formed and the break-out level is seen at $93.63. A $2.66 move downwards is expected. It will be interesting to observe in the coming weeks whether this pattern plays out or if the shareholders intervene to prevent it.
CVS rally or bust!$CVS soars after beating the earnings estimates and got upgrader by few analyst.
but the upgrade and good earnings didnt really help to extend it rally this morning.
due to the overall market pulling back, making the CVS conolidate and entering a squeeze.
$CVS average price move per day is about $1.20 to $2.00+ depending on the market volatility.
here's my key level price im looking for entries:
Buy call above 90.64 and sell at 91.30+
Buy puts below 89.30 and sell at 88.67 or below
make sure to set alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
$TSLA chart analysis 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
AAPL Limited upside short term? Apple will have its day at new highs and that's what long term investors need. For those of us that are looking to make short term money, I'd say that it looks like aapl wants to test that 61.8% near 160 before starting a deeper decline.
There's still a lot of bears out there evidenced by the options open interest through March so this will take a while if it happens at all.
I'm looking for a target between 113-110 and am willing to wait a year for it to hit.
Week of 2/6: SPY due for Thursday sell off? Inside daily candle is not something you want to see if you're thinking upside. I'm expecting a potential bounce at demand around $406, but I think we could go as low as $400 before the end of this week or sometime next week.
Not entirely sure how to play these but I think consider entering puts under $409.70
Microsoft has likely put in a near term topMicrosoft just provided an epic sell signal to the market.
The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.
If the second largest company has put in a near term high, we could see the tech sector subdued.
Now we wait for other sell signals.
A 50% retrace is typical after a strong reversal but so is a gap down.