Apple at a critical levelApple, until recently, traded in a fairly predictable pattern. However, this year the corrective trend has been a falling knife. The angle of deviation from past draw down periods is substantial at nearly 30 degrees. Considering Apple is one of the self-sustaining "too big to die" companies in the world I believe this current level is a sensational buy opportunity. The other side of this coin is that if this long term trend breaks down its really anyone's guess where support lies.
Aaplelong
AAPL- Bulls are Gearing InApple has recently taken fresh support from 160 and formed strong Bullish Engulfing candle which shows bulls are trying to take control. I will be Bullish on Apple this week as company is fundamentally strong. I will BUY near 165-163 with The STOPLOSS of 159 For The TARGET of 170 and Monthly Target of 180-190.
A bitten Apple in an uptrend
I as a fan of apple devices decided to make an analysis of the company's shares. And so we have a long-term uptrend, not surprising, because the company is growing, and the products are in demand. Now came the correction phase, noted the area where it would be interesting to buy in long. It is also the lower bound of the ascending channel. The growing divergence signaled the end of the 5th wave. It would also be worth analyzing the fundamental part, in case of deepening, but I think it is clear
How to benefit from AAPL trading sideways & make an easy 15% ROIThis idea zooms in on how AAPL is trading sideways and how you can still benefit from it. One can make 5% per trade if only going long (one can also go short of course). Three legs up equals 3 x 5% or 15% easy money.
A straightforward way is to look at the CCI (Commodity Channel Index) in combination with the MACD. Important is to have a close look to the candles as well, as they signal what will happen next , especially at the bottoms and tops where you can buy/sell respectively. More on candle predictions in other posts!
What does this graph tell us? It tells us, that short term, AAPL price will dip slightly, one can take advantage of this . What will happen after that, see my other post on AAPL.
Best regards & hope you find some information in this post!
Important PS: if you have a look at the AAPL graph zooming out as of 2008 , then you have a very long term trend channel. You can see that AAPL has broken this level (I can't find a way to go back for more than just a couple of months, instead of choosing the yearly time frame, otherwise I would visualise it). We see that AAPL breaks that trend channel. However, you see it struggling with keeping above that long term resistance. This is quite the red flag to take into account in any of your further analysis when thinking about whether AAPL is a buy or not!!
APPLE @ Daily @ Basic Scenarios after all-time high 2015Main DownSide Trend - 132.84 (2015/07/20) & 123.60 (2015/11/04) - BreakedUp 2016/08/01
The question i am asking myself is: "Are all bearish formation are processed - and be left behind ???"
the SellOff day in August`15
the selling pressure in january`16
the trendreversal in hune`16 & july`16
the DownSide Gap in may`16 & august`16
From there the actuallity TradingBox is essential - for higehr prices !!! `Cause it confirms only waht iam trying to explain. How ever, i am thuiking the chart speaks for itself. A good price action above 112.52 & 108.13 while the next 5 trading days next week should animate more traders to except a better development again - and even as consequence create a new upside trend into 123.79 & 119.94 at least. Before it again goes to 134.63 at least (even all-time high) and higher !?
But don`t get euphoric !!!
I am personally pretty neutral, `cause this autumn we`ve got a sideway trend under the dash ...
Only when AAPL trade this week above the TradingBox (112.52 & 108.13) this week - so in the next 5 days - i`ll get long again probably :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Apple long with 1:4 risk/rewardApple have recently bounced on a double bottom, making an descending triangle formation. In addition to that, it bounced off a trend channel from 2012. A very good entry would've been @92$, but there's still a possible for another long entry, before we shoot for the skies. If this analysis is succesful, then you have an entry around 95$ with a target to 119,5$... A massive 25% investment.
That being said, Apples future heavily depends on the indexes, as we might be approaching a bear market, which would result in bearish break of trend channel and descending triangle, with a target down at 76$ (GAP)
Picture with trend channel start
APPLE traded both last weeks inside week before - BreakOutDanger97.27 $ 2. Target (3.30 $ Chance)
96.58 $ 1. Target (2.61 $ Chance)
93.97 $ last Price
93.42 $ 1. Support (0.55 $ Risk)
92.39 $ 2. Support (1.58 $ Risk)
Change/Risk Ratios are 1st 4.75 and 2nd 2.09
C/R Ratio = 1.Target/Support and 2.Target/Support
You can use both support levels as stop-loss price levels.
And both targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
Best regards!
Aaron
Apple Medium-Term ChannelApple is one of, if not the, leading consumer electronics and computer software company. They have seen colossal growth in the past few years, and I do not see that stopping now; with CES coming up, I suspect that bullish sentiment amongst investors will grow. This company has very good fundamentals, and I currently have a price target of 130 for the medium term, and 180 for the long term. Good luck! NASDAQ:AAPL