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APPLE TO ANNOUNCE NEW iPHONE 11 Hi friends, so today i just wanted to give a quick technical analysis of the Apple stock as they announcement the new iPhone 11 on 9/11/2019. to begin with, we see that the stock created its support at 142.23 in the beginning of January 2019, then made its high of 215.47 in May 2019. The stock then retraced to 0.618(61.8%) also know as the golden ratio in June 2019, At this point it began what we assume is the wave 3, which i normally the longest wave. currently the stock broke its previous high of wave 1 and made a retracement of 38% at (ii). we expect the stock to continue its uptrend. Our first take profit is at resistance level 223.67 and TP2 is 256.42, stop loss is at (ii) 192.00 respectively. Please comment and share your thoughts. I am a Certified Financial Market Analyst. Thank you!
NASDAQ:AAPLLong
by ZCI-FX
1
Apple & Foxconn Broke Labor Law for iPhonesApple, together with its manufacturing partner, Foxconn violated a Chinese labor rule. The two firms are using too many temporary staff in the world’s largest iPhone factory. In addition to that, the companies confirmed this after a report about them with allegedly harsh working conditions. And these claims were from China Labor Watch, who issued the report before an Apple event on Tuesday to announce new iPhones. The non-profit advocacy group is investigating conditions in Chinese factories. Aside from that, it has found out other alleged labor rights violations by Apple partners in the past. Recently, CLW stated undercover investigators worked in Zhengzhou plant of Foxconn in China. And this includes a person employed for four years. Then, one of the main findings is the Temporary staff, also known as dispatch workers. Also, they made up around 50% of the workforce in August. In the Chinese labor law, it stipulates a maximum of 10%, according to CLW. Apple and Foxconn Side After conducting the investigation, Apple explained that it found the dispatch workers’ percentage exceeding its standards. And as of now, it is working carefully with Foxconn to resolve the matter. Also, Foxconn Technology Group confirmed the violation after an operational review. For years, the supply chain of Apple never stopped facing criticism regarding its poor labor standards. And the firm had encouraged its manufacturing partners to have better factory conditions or risk losing business. But suppliers and assemblers are always attempting to churn out more handsets. Formally called as Hon Hai Precision Industry Co., Foxconn, employed tens of thousands of temporary workers. And they did this to boost production and meet iPhone demand during the key holiday season every year. CLW stated in its report, “Our recent findings on working at Zhengzhou Foxconn highlights several issues.” And these “are in violation of Apple’s own code of conduct.” It also added that Apple has the power to make fundamental improvements to the working conditions along its supply chain. However, it is currently transferring costs from the trade war through its suppliers to workers and profiting from the exploitation of Chinese workers. More stock news
NASDAQ:AAPL
by Financebroker
Apple Inc (AAPL) Starts Crashing Hard, Can Go Lower!Apple Inc (AAPL) the biggest read candlestick in a while to break below EMA10. Multiple signals are telling that this isn't the end... AAPL can go lower, let's take a look. We have increasing red volume. We are looking at a MACD that is trending lower. The RSI moved below 50 (at 47.19 right now) and is clearly looking down. EMA50 (202.60) worked as support and held Apple's drop... Normally we see a bounce here before additional bearish action. I am getting the feeling that there won't be any bounce, it will be pure blood on Monday... But this is just a guess. If EMA50 can't hold (breaks), then expect for AAPL to move even lower and test 198.01 or EMA100. How far low can it go? For starter, I believe it can easily test EMA300 at 189.40. Depending on how things develop, a bounce can happen here or it can continue going lower. My guess, you ask? Apple Inc. will have a really hard time and can continue much lower. It might test the last low (blue dashed line). Chart Magenta lines = resistance. Blue lines = support. Thanks a lot for reading. Share your thoughts in the comments section below. Namaste.
NASDAQ:AAPLShort
by AlanSantana
4
APPLE (AAPL) Short OpportunityHi guys its Brian here with a Short setup for APPLE (APPL) As you can see from the chart, APPL is falling down hard for 3 days straight. Long red bars like these indicate that there is a lot of volatility and selling pressure and the price is very likely to continue dropping further. I have identified a good price level to take profit for the short term and longer term as well. Take Profit: 190 TP2: 180-183 Stop Loss: 210.3 www.brianchai.com Free Trading Group (signals, news, price alerts & more!)
NASDAQ:AAPLShort
by BrianChai
Apple Surpassed China’s ExpectationsApple outperformed the expectations of China. And this has been one of the key factors which led to a disappointing quarters earlier this year. Tim Cook, the Apple CEO, said that the chopping of the Chinese VAT tax was a great help. Also, he did not see any hints of a nationalistic boycott of the American firm in China. Cook stated, “The VAT reduced from 16% to 13%. That’s clearly a big help.” He also said that the meeting of China and the United States is better than nothing at all. In its Greater China category, Apple reported a $9.61 billion in sales, including Taiwan and Hong Kong. During the last quarter, the firm’s Greater China sales fell 22%. And China sales decline by 4% only. Then, Apple CEO stated that the company revived its growth to mainland China. Acquisition of Apple Earlier this month, Apple bought the modem division of Intel for $1 billion. And thinking about it, it is a quite unusual large amount for the firm. Cook confirmed that it is actually their most expensive acquisition by dollars and their largest when it comes to staff. Furthermore, these modems are semiconductor components which work to connect to cellular networks similar to what Verizon and AT&T operate. Previously, the American firm resolved its long-standing legal dispute with Qualcomm. And it signed a deal to buy smartphone components such as modems from Qualcomm for a few years. Before that, the firm tried to work with Intel in an attempt to replace Qualcomm as its supplier. Credit Card of Apple In the fiscal third-quarter earnings call on Tuesday, Tim Cook announced that the firm’s Apple Card would launch in August. Last March, the tech giant announced its new credit card in its services event. At the same time, the company unveiled its Apple TV+ streaming video service, Apple Channels, and Apple News+. In addition to that, the firm’s Card can be its stepping stone for more financial services in the Wallet app in the future.
NASDAQ:AAPL
by Financebroker
Apple Elliott Wave View: Break Higher Is ImminentElliott wave view in Apple ticker symbol: $AAPL suggests that rally from June 04 low ($170.27) is showing nesting higher as impulse Elliott wave structure where a pullback to $197.60 ended lesser degree wave ((iv)). Up from there, the stock rallied higher in 5 waves structure and ended wave ((v)) $206.11 high, which also completed wave 1. Down from there, the stock corrected the rally from 6/14/2019 low in wave 2 pullback. The internals of that pullback unfolded as an Elliott wave Flat structure where wave ((a)) ended in 3 swings at $202.80 low. Wave ((b)) bounce ended with another 3 waves at $206.70 high. Down from there, wave ((c)) unfolded in lesser degree 5 waves & ended the wave 2 pullback at $202.23 low. Above from there, the stock already made a new high above previous peaks making the 1-hour cycle from June 04 & June 14 low bullish to the upside favoring more strength. Near-term, while dips remain above $202.23 low expect the stock to extend higher in an impulse structure looking for more strength & to see a break above May 2019 peak to catch up with rest of indices & ETF’s like SPX, YM & XLK, etc. We don’t like selling the stock & expect intraday buyers to appear in 3, 7 or 11 swings. As far as a pivot from $202.23 low stays intact.
NASDAQ:AAPLLong
by Elliottwave-Forecast
1
Elliott Wave View: Apple (AAPL) Can See More UpsideShort Term Elliott wave view in Apple (AAPL) is calling the decline to 170.44 on June 4 as wave II. Wave III is currently in progress. Up from 170.44, Wave (1) has ended at 196.79 as a 5 waves impulse. Wave 1 ended at 184.99 and wave 2 pullback ended at 181.14. Wave 3 ended at 196, wave 4 ended at 194.57, and wave 5 ended at 196.79. The stock is pulling back in wave (2) in 3, 7, or 11 swing to correct cycle from June 4 low. The internal of wave (2) is unfolding as a zigzag Elliott Wave structure where wave A of (2) should end with 1 more push lower into 188.46-184.42 area before a reaction higher should be seen. We dont like selling it and as long as pivot at 170.44 stays intact we expect it to extend higher.
NASDAQ:AAPL
by Elliottwave-Forecast
APPL looking bearish!Welcome to this quick analysis on APPLE! Proceeding from the BREAKOUT from an upward channel in Jul 2018, we've seen a double topping pattern at 235, followed by a quick retracement and downward capitulation back down 140. In the past week, we've seen price action desperate to retest the 200MA (in red), only to fall back to the 100MA (in orange) - unlikely to prove itself as a strong support indicator, my best guess is for more downward momentum to ensue. Don't be fooled by the oversold RSI, as the MACD seems to be rolling over, indicating a downtrend in full swing. Cross reference this to the weekly charts, the lower bound expected would be at the 150 range. Over the longer term, my best guess would be for a large wedge to form as price action stabilises.
NASDAQ:AAPLShort
by gingerbre4d