APPL Possibilities for next growth and retracementNASDAQ:AAPL has showing tremendous growth since 2003 with 1 dollar on each share. Which mean NASDAQ:AAPL has giving the investor a 228x return ever since in 15 years.
The fundamental behind is amazing. Great team, operated by passion and premium products make this company as one of the best in the world. Which make sense by any means, NASDAQ:AAPL will continue it's growth by the time.
The technical analysis behind it is APPL right is just overbought. RSI indicator shows us this level 230-228 already jump off the roof. Even tho it's not a maximal point at this level, since it can be touch psychological level @ 250 for each share, we're looking for retracement around 220 and 215 in Q3 or Q4. This retracement will give a cooling down effect as the healthy market price can continue to another level which will be followed by next analysis.
Which that being said, we're long with 250 resistance and waiting for the next dip.
Appleinc
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.
Will Apple be the first in the race for a trillion?The earnings season in the US is still very ambiguous. And generates more questions than answers. Facebook's historic fall alone makes this season memorable.
But this season does not necessarily enter the history of the stock markets with a negative. The matter is that tomorrow the quarterly reporting of Apple (the publication is planned for July 31st, 2018 after the market close) will be published.
The current capitalization of Apple is $ 970 billion. That is, the company has come close to a trillion-dollar mark. And has a good chance to reach the finish line first, ahead of the main competitors from Alphabet, Amazon and Microsoft.
On the one hand, the reaction of investors in the current earnings season is alarming. We have already mentioned Facebook, which managed to lose about $ 150 billion during a day on a very good figure. This is also Intel Corp., which even exceeded analysts' forecasts, but again was subjected to tough sales. And Netflix Inc., which demonstrated excellent data, but suffered severe losses. There are many such examples. As a result, in the current earnings season, the technology sector demonstrates the worst results. And this even though out of 36 technology companies, 35 showed better results than analysts forecast. That is, something quite illogical is happening.
But on the other hand, illogical markets can’t be permanent. Yes, from companies mentioned above, investors expect extraordinary and when they get something just ordinary, they are disappointed and give in to panic. Nevertheless, one must look at the situation not through rose-colored glasses of inflated expectations, but through the prism of the real world.
So, what do investors expect from Apple? In terms of quantitative indicators, it is the company's revenue growth of 15% y/y (the company's revenue for the third fiscal quarter is expected to amount to about $ 52.3 billion). This growth rate is the best for the company since 2015. Analysts say that the reason for such a rapid growth for the company is the rise in prices for the iPhone (yes, the growth rate of smartphone sales is only 2%, but together with the price of $ 1,000 iPhone X this should give a gain of revenue of about 17%. , the segment of smartphones generates about 60% of the company's revenues), the growth of revenues from the services sector (the company plans to increase revenue from this direction up to $ 50 billion a year and develops it very actively), as well as increased sales of Apple Watch and other products of the company (AirPods, HomePod, Apple TV).
So, if the data do not fail, investors will have a very good reason for buying Apple shares.
Also, important will be the company's comments about, the pace of sales of the iPhone X, as well as the effects of the trade wars of the US and China.
At these moments the reaction will be most acute.
Overall, given the illogical reaction of investors recently, Apple shares may be under pressure, especially if the quarterly data or management comments disappoint. Nevertheless, the general vector of the company's development so far does not give grounds for serious doubts about its effectiveness. So, we believe that the chances of reaching a trillion of capitalization from Apple are quite high. Our recommendation is to buy Apple shares.
Apple: $185 Extreme Short CallGiven Warren Buffet's continued investment and praise of Apple as a stock choice, I believe a $185 price point is imminent. This is especially true given its one day range having a high of $184.25. This peak 3.92% increase was due to Buffet's investment, but the market trend still will rally as a strong buy target for the next couple of days. Apple, as it has been for a while, is a conservative stock pick, even given there decline in demand with the I-Phone X.