AAPL Price Analysis: Targeting $270 by December 2024Hello Traders,
I'm sharing my latest analysis on AAPL, currently trading at $226.5. Previously, on August 23, 2023, I predicted that AAPL would hit its first target of $220 and its second target of $250. As you can see in the attached chart, AAPL has been making significant progress.
On the weekly chart, a flag pattern has emerged in the middle of the chart. I’ve drawn a parallel channel surrounding this flag pattern and aligned the channel’s upper and lower lines with the Fibonacci levels of 38% and 61.8%. By projecting these lines to the 100% level, I’ve identified a target price of $270, a key level based on important angular calculations.
Target 🎯: $270
When? Based on the time it took for AAPL to move from the 0% level at $55 to the 50% level at $165, which was 86 weeks or 602 days, I anticipate a similar timeframe for the move from the 50% level to the 100% level (yellow circles on chart). This places the expected date to reach $270 around December 23, 2024.
NASDAQ:AAPL
AAPL
Short NVDA for a little +33%...This trade is purely psychological revenge...
Long AAPL and TSLA, short NVDA haha
NVIDIA's (NVDA) Stock Expected to Plummet to $82 Post Q2 Earnings
1. Overestimated AI Chip Demand
2. Data Center Growth Slowing Down
3. Vulnerabilities in the Gaming Sector
5. Product Innovation Fatigue
6. Supply Chain Vulnerabilities
AAPLE VS NASDAQ. THE FRUITY COMPANY AHEAD OF EARNINGS CALLConsumer tech manufacturer Apple (AAPL) is due to report earnings next Thursday, February 1. Notably, waning iPhone demand out of China has worried investors as Apple had a rocky 2024 start, dealing with several stock downgrades.
Some of analysts slowed down its expectations for Apple and the biggest tailwinds and risks for its various devices.
"As far as those businesses are concerned, the only one that will probably show growth is Mac because some of the new products that they rolled out and easy comps from a year ago, you will probably see some sharp declines specifically on the iPad side of things...," they note.
The main graph is a ratio, between Apple stocks price NASDAQ:AAPL and overall NASDAQ:NDX Nasdaq-100 Big Tech index.
It's been a while since Buffett put the money into Fruity Company in Q2'16, and since that Apple stock outperformed the whole index, appr. by 150 percent over the next 6 years.
By the way, Apple stocks as well as Nasdaq-100 index hit the bottom, in early Q4'22 and since that, Apple underperforms the whole Big Tech Index, totally.
Basically NASDAQ:AAPL losses against NASDAQ:NDX further, over the past 12-15 months later they both hit the bottom. In this time the major break down happens in massive reversed Head-and-Shoulders ctructure, just ahead of Q4'23 Earnings call.
This is the bottom line, I'm avoid the Fruity Company ahead of Earnings Call.
Happy trading to everyone. See y'all later.
I AM BULLISH ON AAPL STOCK. BUY AT $218.5In the recent market activity, APPLE (AAPL) stock experienced a significant decline, dropping to approximately $196 on the 5th of this month.
This event marked a challenging day for both the financial markets and the cryptocurrency sector. Currently, AAPL has rebounded to $221.
Based on my analysis, I see an opportunity to enter the market at the $219 level, with a short-term target set at $224.
To manage risk, a stop loss (SL) is strategically placed at $218.5. Despite the recent volatility, AAPL continues to present strong potential for investors.
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Apple Inc. (AAPL) Forms 9 Consecutive Bullish CandlesApple Inc. (AAPL) Forms 9 Consecutive Bullish Candles on Daily Chart
If we define bullish candles as those where the closing price is higher than the opening price, we can observe a sequence of 9 such candles on Apple Inc.'s (AAPL) daily chart from August 2nd to 14th.
On August 6th, we mentioned that market participants were bearish due to news that Warren Buffett had sold half of his Apple Inc. (AAPL) shares, but the situation has since reversed.
Now, bullish sentiment is gaining support from news related to George Soros purchasing Apple Inc. (AAPL) shares. According to MarketWatch, Soros Fund Management LLC has invested in Apple Inc. along with other tech companies, including Broadcom Inc. (AVGO), Micron Technology (MU), Texas Instruments Inc. (TXN), and Super Micro Computer Inc. (SMCI).
Today's technical analysis of the AAPL chart shows that:
→ Bulls have recovered from the price drop to the August 5th low. It's interesting to note that the August 5th low can be calculated using the height of the Head and Shoulders pattern, measuring downward from the neckline break (as shown by the yellow lines).
→ The price is hovering around the median line of a channel constructed using the Linear Regression tool. The fact that the price is approximately in the middle between the extreme deviations suggests the possibility of consolidation. This would be appropriate, given that the ATR indicator shows the market experienced a period of extreme volatility at the beginning of August.
The chart may continue to show a series of bullish candles, but they might have small bodies, reflecting modest gains along the median line.
According to a survey of 32 Wall Street analysts by TipRanks, 24 recommend buying Apple stock. Their average price target for AAPL is $248.78 within the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AAPL bullish confirmationClosed the daily candle above 50 MA
bounced off 200 EMA
technical bullish signals for AAPL are above
It should now target 236 and form the double top
double top in AAPL always tend to perform bearish so it should correct for a while then pushing above 236 will happen in the post rate cut era
Entry : 217
Stop loss 198
AAPL / APPLE🔍 AAPL Analysis: Key Dates for Market Movements 📈
The AAPL chart highlights two critical dates that could shape your trading strategy:
October 7, 2024 - Red Line: This date marks a potential local peak. It might be an opportune moment to take profits as the stock could face resistance or enter a short-term correction.
August 25, 2025 - Green Line: A significant local low is expected around this time. This could present an ideal opportunity to accumulate AAPL shares, positioning yourself for the next major upward move.
By strategically planning around these dates, you can optimize your trading decisions and maximize returns.
#AAPL #StockMarket #MarketTiming #InvestmentStrategy #AppleStock
APPLE My Opinion! BUY!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 216.29
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 225.73
Safe Stop Loss - 210.99
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AAPL Is Expected To Go HigherAAPL Is expected to go Higher
- Leading Span A is close to cross above Leading Span B : Bullish Sign
- Price Has Been Rising And is bounding of the Leading Span A : Bullish
- Lagging Span Blue Line is also crossing up again the Conversion Line
- Price Is touching Leading Span A : this is the close area, price will move out again and return to this close area.
Caution : Conversion Line ( Dark Green ) is still Below Base Line ( Dark Red Line ). the Perfect trade would be to wait for it to cross up, however the cloud is thin which means not much resistance to any direction, Linear regression of 500 period is included up, 200 mA is included up, so we take the risk
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APPLE: Expecting Bearish Continuation! Here is Why:
Balance of buyers and sellers on the APPLE pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Ultimate Winrate KDJ Strategy by reset parameter!(best tutorial)You've ever had this happen?
Bought a stock at rock bottom, and it starts to rise a bit, and then the J line turns down on the KDJ indicator, telling you to sell. So, you sell, but then it quickly shoots up, leaving you pretty blue. like you missed out on a fortune. Was the KDJ indicator down?
Nope
Hold tight, cause we're about to see a miracle. By just tweaking a bit the KDJ indicator's parameters, you can nail those short-term highs and be on your way to the success.
So, how do you find the right KDJ indicator parameters?
Stick around, and I'll spill the beans!
First off, why do we need to optimize this lil' parameter?
Well, every stock moves differently cause the folks trading it are different. So, a one-size-fits-all KDJ indicator won’t always work well on every stock at every stage. To up our chances, we gotta tweak those parameters to find the best fit for our stock.
Now, onto the second question: how do you find the right ones?
Let’s go back to the Tesla stock chart.
After changing the KDJ indicator parameters to 74, the sell point lines up perfectly with the peak.
Why 74?
Well, from point A to point B, there’s exactly 74 candles. Why use the number of candles between those two points as the KDJ parameter?
Here’s the crux of it.
The KDJ indicator is a momentum oscillator, calculating the close price at latest candle with the highest and lowest prices of the previous nine candles since the default KDJ parameter is 9.
so If the price breaks above the highest price of those nine candles, it will be constantly giving false sell signals.
So, we need to set the KDJ parameter to the number of candles from the previous high to the low. This way, the highest price and lowest price are not broken.
Then, the KDJ works accurately.
Still lost? Let’s look at another example. Here’s an Apple stock chart.
With the default parameter of 9, we bought after the golden cross, but few days later, it prompt to sell signal, and then the price soared. Feeling furious yet?
But if we set the KDJ parameter to 95, we’d have sold right near the top, securing a nice profit!
Why 95?
Same method: from the highest point A to the lowest point B, there’s 95 candles.
Got it? Ain’t it something?
Check your stocks with this method. Got questions? Leave a comment, and I’ll get back to ya ASAP! Today we focused on using KDJ to find sell points. It’s just as magical for buy points, which I’ll cover in future videos.
So, please follow me and hit that boost bell so you don’t miss out!
AAPL: Warren Buffett accelerates sale of Apple sharesBerkshire Hathaway, led by Warren Buffett, has dramatically reduced its holdings in Apple Inc., marking a significant shift in its investment strategy. Over the past seven quarters, Berkshire has been consistently selling off its Apple shares, with the process intensifying in the second quarter of 2024. During this period, Buffett disposed of over USD 75 billion in stocks, including a substantial portion of his Apple holdings, reducing Berkshire’s stake in Apple from 789 million shares at the end of Q1 to 400 million.
The massive sell-off contributed to Berkshire Hathaway’s cash reserves reaching a record high of USD 276.9 billion. Buffett’s strategic move reflects broader market sentiments, where investors are increasingly cautious, favouring the security of high-yield US government bonds amid expectations of a rate cut by the Federal Reserve.
Technical analysis of Apple Inc. (NASDAQ: AAPL)
Reviewing Apple’s stock performance in light of recent developments:
Timeframe : Daily (D1)
Current trend: the stock is in a downtrend, exacerbated by the negative sentiment pervading the stock market and Buffett’s significant sell-off
Resistance level : 225.60 USD
Support level : the previous support at 214.50 USD has been breached
Short-term target : if the downtrend continues, the next target could be 181.45 USD following a rebound from the broken support
Medium-term target : a continued decline might see the stock reaching 172.70 USD
Potential uptrend scenario : if market conditions improve and the stock reverses its current trend, a potential growth target could be set at 235.00 USD
Investors and market watchers should closely monitor Apple’s stock, particularly in the context of Berkshire Hathaway’s reduced exposure and broader market dynamics. A significant divestment by a major investor like Buffett could influence other stakeholders and affect Apple’s stock performance in the near to medium term.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Apple (AAPL) Share Price Influenced by Psychological FactorsApple (AAPL) Share Price Influenced by Psychological Factors
The first factor is the news that Warren Buffett is halving his position in AAPL shares. Whether this indicates that the legendary investor foresees the company losing its market leadership or a recession threat, Buffett's authority may create a psychological effect on retail investors and prompt them to sell their shares.
The second factor is the breach of the $200 psychological level. After the strong rise above $200 per share in June, it seemed the price had securely settled above this round number. However, it's not uncommon for breakout tests to occur, stop-loss orders to be triggered, and the supply-demand balance to shift, resulting in price growth. For example, yesterday's price action saw the bulls nearly close a 7% bearish gap.
Today's technical analysis of the AAPL stock chart shows that:
→ Opening at the lows and closing at the highs for the last two wide candles indicates demand activity.
→ Since May, the stock price has been moving within an ascending channel (shown in blue). Yesterday, the price closed near the median line, where it might stabilize.
→ If the bears attempt to resume pressure, pitchfan ray #4 may provide support. As the AAPL chart shows, the stock price found support in the previous three instances, visualized on the chart as days of upward trends with decreasing angle steepness.
Interestingly, CNN Money's Fear & Greed Index showed a further decline in overall market sentiment, moving into the "Extreme Fear" zone on Monday. Would Buffett now follow his famous 1986 advice: "Be fearful when others are greedy, and be greedy when others are fearful"?
According to a survey of 32 Wall Street analysts by TipRanks, 24 recommend buying Apple stock. Their average price forecast for AAPL is $248.96 over the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
$SPY Sharp Decline?! $503 Target, $493 possible 8/21, then $520Thats right folks. Your's truly with another quick thought on where I think we're headed, and FAST!! Assuming we repeat the First Half of 2022, I want to say that the next 10 days will produce a dump and a bounce. Do be careful if you're long this market. All signs point to a flash crash to $493 and then a mean bounce to retest $520. Don't forget, cash is a position. I like to keep things simple with my charts for the most part. ATM, I am looking at the 10D chart. I like the 10D chart because it has hidden divergences on RSI that prove extremely useful. As the days go on, it will get easier. Those that doubt will always learn the Hard way. Paytience will always prevail. After $520 bounce, I would assume a slow bleed to $480 into the election for a new low, followed by an Election Rally back to $530 before we come back crashing down. All of this will come with time and I'm writing it down so you can see my thought process. Everything takes time.
Drop to $503-$494
Hard Bounce to $520
Slow Bleed to $480, Previous ATH Winter 22'
Bounce to $530 for a Retest of Previous Support should we break. Good Luck out there