APPL
APPLE INC. (AAPL) Strong Crash Incoming!I see strong bearish divergence shown on the RSI for the APPLE INC.’ chart. This is an indication of an upcoming crash.
Last time this type of divergence showed up, APPLE INC.’ crashed by over 50%. You can expect something similar this time.
When the crash starts, expect to find support at the following levels:
(1) 195.99
(2) 142.96
(3) 110.79
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Apple Points Down (Crash To Speed Up - 30% Drop Incoming)APPLE INC. (AAPL) continues looking bad and the charts are getting worse.
Let's take a look at some of the signals:
We are now below EMA10 (green line), this is normally a strong support. When the weekly candle closes below it, normally it quickly bounces up. But now we have the divergence and also a top, plus the last weekly candle is really strong. Weekly candle closes tomorrow, it is going to get pretty ugly regardless of how it closes, unless it goes back up strong which basically seems impossible.
We are going to test EMA50 (magenta line) next.
Strong MACD bearish crossover.
RSI trending down strong. It is at its lowest since April and it will down more.
Bear volume is at its highest since February, the bears are in full control. If you are an Apple bull, sell everything before you go broke.
This is it for my Apple analysis. I really hope that you enjoyed.
If yes, please hit like to show your support.
Namaste.
Stalking for a crash. Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :)
In this screencast I run through several superhot equities on the monthly time frame.
The higher time frames are often the cause of surprises for people' on 15min - 1H time frames.
Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of nervousness.
I suspect - not predict that something big is coming.
APPLE INC. - Still room for upside despite M1 bearish div.Assume count is correct we still have room for upside that is wave 3 of 5 and wave 5 of 5.
Despite strong bearish divergence on M1 chart, we still need pattern completion.
Should this idea come into fruition, I expect a sharp reversal at ~218 (probably for wave 4 of 5), and ~297 (completion of 5 wave structure).
All in all, even though there are bearish candle sticks forming on the medium TFs (daily/weekly for equity markets), we are still lacking pieces that complete EW patterns.
The main purpose of this idea is to follow the price action of major companies that have significant impacts on financial markets in order to anticipate the depression/recession that is to come when 5 wave structure on large TFs are completed in indicies/equities markets.
Apple: a tale of excellence and mediocrityWhat's going on guys, YoungShkreli in the building
Apple is truly an amazing company. I just read Steve Jobs' biography by Walter Isaacson and it was deeply informing of his character and why Apple will likely never see better days than under him.
Here's the thing about truly revolutionary people: they start and do their own thing.
I don't know about you guys, but those adapters are annoying as all get out. On top of this, what has Apple actually done that was cool since Steve Jobs died?
I remember when the iPod came out, now I'm a young guy, but it was the most amazing invention I had ever witnessed. It was so small and it fit every song you knew onto it. On top of that, it had this beautiful, simple, futuristic look that was characteristic of Apple and Jobs.
I'm not writing this to say I'm bearish on Apple, it's just that I don't know why anyone would really buy it today - it's just not a sexy stock anymore. Nothing interesting seems to be going on. They already have a vast market that simply isn't capable of extreme growth.
In terms of the fundamentals, they offer a decent dividend, have a lot of cash on hand, and aren't trading that high - only about a 16 pe. That said, I don't see where the big rise is coming from and if you look at the chart I've shown you, it's just screaming for downside and I think it's coming in the next recession.
SUMMARY:
I would never suggest shorting Apple, I'm just saying that it probably isn't going to be the best company to have owned in ten years.
Good luck bros,
YoungShkreli
$APPL 172$ and 168$ available targets for bears$APPL on daily rejected tenkan aggressively at $188 but there might be another retest of it as a resistant confirmation.
On weekly, tenkan support at 172$ ( fib retrace 0.5)and kijun is sitting at 168$ ( fib retrace 0.6) as for why these targets.
Fib Guppy is also tightening (6 levels) and a weekly close below the guppy will signal high volatility towards the bear targets.
A patient short swing will be a profitable one.
@AresTrade
Apple Retesting All-time-high BreakoutApple is currently retesting the all-time-high breakout zone. If you're looking for an entry with a close stop loss for Apple, this would be the moment you would enter the market.
Given that we just reached a new all-time-high by overcoming MAJOR resistance, the chance of us breaking to the upside and continuing to make new all-time-highs is very likely. The resistance above is very minimal and above that is all open sky.
Apple Stock Dot Com bust and BitcoinI heard someone in chat say "but, but what about Apple!? They recovered and went to ATH after their bubble popped!" and this made me curious to see what exactly did happen to apple during the dotcom bust and thus this chart was born.
Summary- APPL hit an ATH around $5.40 and eventually collapsed to $.90 causing it to lose roughly 84% of its value
- After capitulation, despair set in and led to APPL ranging around 4 almost 4 years in the pit of misery
So far BTC has been declining for roughly 4 months
If Bitcoin followed the path of Appl, a stock that perma-bulls love to quote as being "proof" that "a lot of companies survived and thrived after the tech bubble!" , it would have an ultimate bottom of $3,200 and would range in the shallows from 1-4ish years.
So, ok, maybe bitcoin will follow the path of the few companies that came out of the tech bubble and survived only to go to new ATH and change the world economy forever BUT before that can happen there is alot more pain on bitcoins plate.
Thanks for reading and good luck and God bless to all of you!
Red Boar
The APPL of my bearish eyeI don't often look at stocks, but last week I saw the news that Apple had missed sales targets for its smartphone and delivered disappointing revenue projections.
So I checked the chart, and it doesn't look good for the next year if you are long APPL.
Here's the chart I quickly drew up last week:
Once we break the daily 200MA, I believe it will drop very quickly to around $150USD.
The larger short target is the weekly 200MA, at around $138USD, which has proved to be strong support for the past several corrections.