APPLE @ basic Scenario since ATH (freestyle)134.63 alltime high
132.84 start of the downside trendline
123.79 end of the downside trendline
123.79 trading box between the downside trendline & 1st low after alltime high
119.94 trading box between the downside trendline & 1st low after alltime high
119.19 low price of the alltime high trendreversal formation
112.52 trading box after false breakout of the downside trendline
108.13 trading box after false breakout of the downside trendline
The 1st target ist 119.19
- but i am thinking that the share will oscialating between 112.52 & 119.19 in september`16.
In the 3rd Quarter should be the trading box (119.19 & 123.79) only a question of time. So that the shares should raise up into new alltime highs 2017 - even 134.62
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
Appleinc
AAPL pulling back to HELLA valueAppears as tho AAPL should now pullback to key support for a retest of the confirmed wedge aswell as the fib retrace. You could certainly short this on the way down as well.
Look for AAPL to pullback with the S&P500, with both likely bottoming around the same time during september.
Short for now (good point reached)NASDAQ:AAPL
Currently the market are overbought and probably will down until the weekend, however I am optimist about the earning incoming and probably it will go up, I expect reach with positive earning about $105 or more.
My suggestion is sell today (at good point) and buy at day 25 according the market.
Let's await for next week.
Trade wisely.
Apple long with 1:4 risk/rewardApple have recently bounced on a double bottom, making an descending triangle formation. In addition to that, it bounced off a trend channel from 2012. A very good entry would've been @92$, 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