Aaple
Apple Declines & Stats since 2000Hey everybody i just want to share with you some interesting stats i found about the #1 (most important) stock on the planet since 2000. For me apple makes the major trend in use since it's the largest one as well, so it makes total sense to pay 101% attention to what will apple will do over the next months.
Some interesting points:
1. Buffet reduced his position
2. Possible H&S formation if you look at Weekly and Daily chart
3. RSI & MACD pointing downward
*There might be a 1% discrepancy between my results and the actuals ones, so please do not take them for granted 100%.
APPL - 4 hour, Head and ShouldersAs a more of a crypto analysist I do invest in stocks too.
In the chart you will see a mediocre head and shoulders formation which is clear sign of bearish price movement.
The head of the formation is 10.25% meaning the price can continue and hit the marked target of around 114 per share.
There are two scenarios;
The first one is to retest the sharp angle and reach the target. Retest zone is at the braekpoint of the formation.
The second is that we can see a rebound to the breakpoint once again and therefore the price will continue in upward slow trend.
Personally and realisticaly the price will continue to drop to target even after retest, the head and shoulders formation is powerful and traders and investor understand it.
Check out my other ideas in my profile.
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Apple -A company that you want to invest in over and over again.●● Mine scenario
● 2W
NASDAQ:AAPL
There is no big changes from the last update . Now the wave (III) or (V) " Supercycle " is developing, as part of which 5 of (3) is extended. The approximate targets for the third waves correspond to the color of the wave degree.
● 1D
NASDAQ:AAPL
The top of wave ((iii)) was determined with high accuracy. Next, a sideways corrections was expected in the form of a triangle, which, as will be demonstrated later in alternative count, could have already been formed.
● 4h
NASDAQ:AAPL
At the moment, I expect the correction to transform into a wider contracting triangle in the form of a running model type. The targets for the wave 5 of (3) are located at the level of 214 , but later they can be revised based on the rule of the ratio of the lengths of the first and fifth waves of the impulse.
● 30m
NASDAQ:AAPL
On the lower timeframe, not everything is so clear. A series of local sideways corrections in the form of triangles forces us to adopt a variant of counting with a ending diagonal with c of (b) .
●● Alternative scenario
● 4h
NASDAQ:AAPL
An alternative count suggests considering the probability of a completed triangle ((iv)) . If we turn to the arithmetic price scale, the lower limit of the ascending channel has been reached. The first targets for wave ((v)) of 5 have also already reached ( ((v)) = ((i)) ). Further goals: 165 and 197 .
● 30m
NASDAQ:AAPL
So far, I have nothing to offer you except of the diagonal in the current count and the top of the triangle ((iv)) 112.60 in the lower degree. I plan to make any trading decisions in this situation only if the diagonal is fully formed or broken in its current form and with a powerful exit up.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Update! AAPL is pushing up pre market. Will it breakout?After a sea of red on Friday, The market has begun to recover pre-market but is this a sign that it will go and reach new all-time highs? That is what we will find out on this post now. As an AAPL holder ever since the March lows of 2020, I have high hopes that it will reach above its all-time high in the coming weeks as it did not go below our support line of 130.00, which means that it is beginning a move up and also it did not o below our wedge pattern support of $128. This will show now that it will either consolidate a couple of weeks then break out, or a parabolic move to the top. Whatever it may be, I am long on AAPL. Warning! I am not a financial adviser and you should take this with a grain of salt. Happy trading and see you in the next post!
Apple is finally flashing BUY signal, 7 confirmsSome unknown company called by a fruit.
- everybody is jumping on the Apple cart.
- get on the bus towards earnings.
Happy Trading, from CJ -- aka the greatest FURU.
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