APPL
Apple in a rising trend channel. Once the temporary red line is convincingly breached and tested, Apple will likely continue in it uptrend channel.
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
$AAPL SHORT SHORTPerfect head and shoulders formed. Waiting for a small retest @ the neck line then its all down hill from here. Target $150.
Add in global iPhone demand slowing, as well as iPhone X being cancelled and this could sink even further.
AAPL for a buy Buy aapl as it is sitting on a 9 day ema for the monthly chart. A great pullback to go higher.
I would take caution as earnings will be coming out.
Overall it is bullish
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 $138USD, which has proved to be strong support for the past several corrections.
Ascending Channel and Bull FlagIf Apple makes a solid break out of the flag, I expect the price to go to 185.00 and either bounce down from the top of the channel or break out of the channel to the upside.
DR PEPPER REVISITED (DPS BUY)One of my very first pairs I posted- REVISISTED!
Here is a new plan, as I think now (and at a couple other lower prices) DPS is a decent medium term buy- meaning it's not going to be a day trade, but you're not going to be holding on to it for years.
Fundamentals: In this tricky market we have had towards the end of last week and in to this week, TECH stocks (FB, NFLX, APPL, AMZN, GOOG, NVDA, AMD, TSLA) have been all taking a beating, and stocks like DPS are being dragged with it. However, if this trend continues, people will likely SWITCH from riskier, more volatile stocks and go back in to the fundamentals such as food and beverage, utilities, energy, what have you. DPS has NO reason to keep going down, the company is the exact same company it was at >95$ a share.
Anyways, enough of the fundamentals. I'm putting in my buys and WILL UPDATE THIS CHART AS TIME GOES ON AS TO WHEN TO TAKE PROFITS! So if you're joining the ride, MAKE SURE TO FOLLOW ME OR BOOKMARK THIS CHART.
Next year seems tricky for AppleBased on the price action we seems to be in the correction phase
Everything mentioned in the chart
Ending with some stocks for the week...Waiting for breakout on either side, short term targets.
NASDAQ:AAPL
#AAPL may hit $200 in 2018 but that may be an all time high#AAPL may hit $200 in 2018 but that may be an all time high (for a long time)
Apple (AAPL) stock price analysis: My Elliott Wave Method based prediction shows a C Wave end mid-2018 at around $200.
The stock price may fall back to $110-120 range later but it needs further data to speculate.
Long for AppleThe buy order should be entered at 162 usd or above 163.90 usd level. The stop loss has to be below 159.90 usd.
New Weekly demand formed on APPLE #APPL around 151-ishNew Weekly demand formed on APPLE #APPL around 151-ish. Previous weekly demand level at 143 played out really well. Long bias. Potential weekly demand imbalance being created around 159.
[symbol="APPL"]APPL[/symbol] Is it Novice or pro Gap?What you think of APPL 's crazy moves?
Following positive Reports Earning on 1/August/17, ensued big Gap.
Novice Gap or was it a Pro Gap? (I think N Gap)
Hit Highest High of 161.xx, Now it can go in either direction; Analysts 'THINK' next stop is 170 , or down
I see NGap always(well, most of the times) reverse back to normal(150.XX ) range
10/August/17 was dividend pay day, and after hours reaction.
Now 14/August/17 , Gapped up again!
When there is too much of Gaps professional stay away from the stock.
AAPL CHANNEL- 2 shortAAPL is trading in a channel. Those who bought it some time back may be time to cash out. Light green line & DOTTED BLUE line may act as a support line. But would prefer price to reach the lower boundary of the low parallel channel before another long time buying. Trade @ ur own rick, chart is for fun and educational reason, you r liable for your trade )
APPL due for a retracementApple has become very over extended. The long has been closed on my trading rule. I expect to see some downside here. Maybe not to the weekly kijun but I don't rule that out. Down to the weekly kijun sen would be 12.8% downside. Lets see
Fibonacci APPL Extension/Retracement *Idea
This is my first time using fibonacci numbers. Just beginning to learn this strategy. I believe that there will be a pullback soon for APPL. My prediction is that it won't be anything significant. We have a gap support and resistance. Any comments and criticism is greatly appreciated. :)
