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Apple Inc. (NASDAQ: AAPL) Stock Assessment Over the last 30 days, there has been a downward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. Given this perspective, it's time to examine the average forecasts of specific Apple metrics that are routinely monitored and predicted by Wall Street analysts. The average prediction of analysts places 'Revenue- Wearables, Home and Accessories' at $9.33 billion. The estimate suggests a change of -3.3% year over year. The consensus among analysts is that 'Revenue- iPhone' will reach $44.17 billion. The estimate points to a change of +3.6% from the year-ago quarter. Analysts expect 'Net Sales- Services' to come in at $21.35 billion. The estimate indicates a change of +11.3% from the prior-year quarter. Based on the collective assessment of analysts, 'Revenue- Mac' should arrive at $8.29 billion. The estimate indicates a year-over-year change of -28%. The consensus estimate for 'Net Sales- Products' stands at $67.64 billion. The estimate points to a change of -4.7% from the year-ago quarter. Analysts predict that the 'Revenue- iPad' will reach $5.86 billion. The estimate indicates a year-over-year change of -18.4%. According to the collective judgment of analysts, 'Geographic Revenue- Greater China' should come in at $17.34 billion. The estimate indicates a change of +12.1% from the prior-year quarter. The collective assessment of analysts points to an estimated 'Geographic Revenue- Europe' of $22.22 billion. The estimate points to a change of -2.5% from the year-ago quarter. It is projected by analysts that the 'Geographic Revenue- Rest of Asia Pacific' will reach $6.04 billion. The estimate suggests a change of -5.2% year over year. Analysts forecast 'Geographic Revenue- Japan' to reach $5.52 billion. The estimate points to a change of -3.1% from the year-ago quarter. Analysts' assessment points toward 'Geographic Revenue- Americas' reaching $38.04 billion. The estimate suggests a change of -4.4% year over year.
NASDAQ:AAPLLong
by DEXWireNews
Long-Term Investing in AppleWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Apple Inc. (NASDAQ:AAPL) does use debt in its business. But should shareholders be worried about its use of debt? Why Does Debt Bring Risk? Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. If things get really bad, the lenders can take control of the business. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. When we examine debt levels, we first consider both cash and debt levels, together. The good news is that Apple's demonstrated ability to cover its interest expense with its EBIT delights us like a fluffy puppy does a toddler. But, on a more sombre note, we are a little concerned by its EBIT growth rate. Zooming out, Apple seems to use debt quite reasonably; and that gets the nod from us. While debt does bring risk, when used wisely it can also bring a higher return on equity. When analysing debt levels, the balance sheet is the obvious place to start. Price Momentum AAPL is trading in the middle of its 52-week range and below its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a negative sign for the stock's future value.
NASDAQ:AAPLLong
by DEXWireNews
AAPL Announces New Event for Upcoming Mac Computers Apple Inc. (AAPL) has recently announced an upcoming event that promises to unveil a groundbreaking range of Mac computers, and I couldn't wait to share this thrilling development with you. As an avid trader, you're well aware of the immense impact Apple has had on the tech industry, consistently pushing the boundaries of innovation. With this new event on the horizon, AAPL is poised to once again redefine the landscape of personal computing, and the potential for extraordinary growth is undeniable. Apple's unwavering commitment to excellence, coupled with its ability to capture the imagination of consumers worldwide, has consistently propelled its stock to new heights. This event is expected to be no different, and I firmly believe that now is the perfect time to consider a long position on AAPL. By investing in AAPL, you'll be positioning yourself at the forefront of this exciting wave of innovation. Apple's Mac lineup has long been revered for its sleek design, powerful performance, and seamless integration with the broader Apple ecosystem. The upcoming event promises to introduce cutting-edge advancements that will undoubtedly captivate consumers and drive significant demand for these new Mac computers. As an astute trader, you understand the importance of staying ahead of the curve. By long AAPL, you'll not only be capitalizing on the imminent surge in demand for these revolutionary Mac computers but also positioning yourself to benefit from Apple's robust ecosystem, which includes an array of complementary products and services. So, let's seize this opportunity together! I encourage you to carefully consider a long position on AAPL as we eagerly await the unveiling of these new Mac computers. By doing so, you'll be leveraging the potential for substantial gains while aligning yourself with one of the most innovative and influential companies in the world. If you have any questions or require further information, please don't hesitate to reach out by commenting below. I'm here to assist you in any way I can.
NASDAQ:AAPLLong
by bryandowningqln
🍎Apple🍎 will Go Up soon🚀↘️Apple started to rise after breaking the Descending Channel and is currently in a Correction . 🌊According to the theory of Elliott waves , it seems that the structure of apple corrective waves is of Zigzag correction type(ABC/5-3-5). 🔔I expect the apple to start growing from 🟡 PRZ (Price Reversal Zone) 🟡 and increase at least until the first Common Gap (about ➕10%) . If you want to know about the types of chats, you can read the following article.👇 Apple ( AAPLUSD ) Analyze, Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:AAPLLong
by pejman_zwin
24
The historic +40% pattern on AppleHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on Apple: Apple is in a massive uptrend and if you look at Apple's chart over the past 20 years, there is no doubt that this was a crazy chart history. We also always had breaks and retests of the previous highs which were followed by crazy pumps and I do expect the same thing to happen again. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
NASDAQ:AAPLLong
by basictradingtv
25
Apple’s IPhones Off to Disappointing Start in ChinaApple Inc.’s new iPhone 15 is selling far worse in China than its predecessor, according to separate analyses, reflecting stubbornly weak consumption as well as the rise of rivals like Huawei Technologies Co. Sales of Apple’s flagship device are down 4.5% compared with the iPhone 14 over their first 17 days after release, market tracker Counterpoint Research estimated in previously unreported figures provided to Bloomberg News. Jefferies analysts led by Edison Lee reckoned sales of the iPhone 15 were down by an even sharper double-digit percentage from its predecessor after Huawei outsold Apple overall, powered by the surprising debut of the Mate 60 Pro. The twin reports mark a potential blow to Apple at a time it’s grappling with the weakest smartphone demand in a decade and a backlash from overheating models. If the initial estimates are accurate, they represent one of the iPhone’s worst debuts in China since around 2018, when local names like Oppo and Vivo began to captivate Asian consumers. Counterpoint blamed the iPhone’s slump in China mainly on an economy struggling to rebound from its Covid trough. And it stressed that in the US, the iPhone 15 likely posted a double-digit rise over 2022 in the first nine days of sales. But the iPhone’s debut in China came weeks after the launch of the Mate 60 Pro, celebrated as a triumph over US sanctions because of its advanced made-in-China processor. It also coincided with a government mandate to expand a ban on iPhone use to government agencies and state companies, underscoring Apple’s growing challenges there.
NASDAQ:AAPLShort
by DEXWireNews
Join the Apple Boom and Reap Incredible Benefits! The juggernaut that is the iPhone user base is soaring higher than ever before! 📈📱 Yes, you heard it right! As an esteemed trader, this extraordinary growth presents an unmissable opportunity for you to become a part of the Apple success story. With every passing day, our beloved Apple brand is captivating millions around the globe. Not only has the iPhone user base expanded exponentially, but it continues to surpass all expectations. Such staggering growth inspires confidence in Apple's exceptional potential for your investment portfolio. By joining forces with Apple Inc., you can embrace a new era of extraordinary returns. 🍏💰 As the iPhone user base grows, so do the countless opportunities to maximize your profits. Indulge in the prospect of investing in an iconic, technologically pioneering company that remains ahead of the pack. Seize the chance to ride the waves of success alongside Apple, the visionaries who revolutionize the digital landscape. So, let's not just stand on the sidelines and watch this phenomenal growth unfold. I wholeheartedly encourage you to jump on board and long Apple stock today! Let's enjoy the immense wave of prosperity together. For further details and personalized assistance, please feel free to comment below.
NASDAQ:AAPLLong
by bryandowningqln
Apple -> Break And RetestMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Apple. Looking at Apple stock you can see that Apple just perfectly broke above the previous all time high which was at the $175 level and is now retesting this previous structure so I simply do expect another push higher from here and the creation of a new all time high soon. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AAPLLong
by basictradingtv
26
AAPL Downgraded by KeyBanc: Weak Sales Outlook Raises ConcernsIntroduction: In a recent development, KeyBanc has downgraded Apple Inc. (AAPL) due to a concerning weak sales outlook. This downgrade has sent shockwaves through the market, prompting traders to reevaluate their positions and consider potential shorting opportunities. In this article, we will delve into the reasons behind the downgrade and discuss why traders should exercise caution when dealing with AAPL. Understanding the Downgrade: KeyBanc's downgrade of AAPL stems from their analysis of the company's sales outlook. They have identified certain factors that indicate a potential decline in sales, thereby raising concerns about the stock's future performance. As traders, it is crucial to pay attention to such expert opinions and assess the potential impact on our investment strategies. Reasons for Weak Sales Outlook: Several factors contribute to the weak sales outlook for AAPL. KeyBanc highlights the following key concerns: 1. Slowing iPhone Sales: The iPhone has been Apple's flagship product, accounting for a significant portion of its revenue. However, KeyBanc predicts a potential slowdown in iPhone sales due to market saturation and intense competition. 2. Trade Tensions: The ongoing trade tensions between the US and China have the potential to disrupt Apple's supply chain and negatively impact its sales. Any escalation in these tensions could further hamper AAPL's growth prospects. The Call-to-Action: Consider Shorting AAPL with Caution Given the weak sales outlook and KeyBanc's downgrade, traders should approach AAPL with caution. While shorting AAPL may present an opportunity for profit, it is essential to consider the following factors: 1. Conduct Thorough Research: Before initiating any short position, conduct comprehensive research to understand the potential risks and rewards associated with shorting AAPL. Analyze the company's financials, market trends, and competitor performance to make informed decisions. 2. Diversify Your Portfolio: Shorting AAPL should be part of a well-diversified investment strategy. Avoid placing all your bets on a single stock, as this can expose you to unnecessary risks. Diversification helps mitigate potential losses in case the market responds differently than anticipated. 3. Monitor Market Sentiment: Keep a close eye on market sentiment and news updates related to AAPL. Any positive developments or changes in the company's outlook can quickly impact stock prices. Be prepared to adjust your trading strategy accordingly. Conclusion: KeyBanc's downgrade of AAPL based on the weak sales outlook highlights potential challenges for the company in the near future. While shorting AAPL may offer profit potential, traders should exercise caution and conduct thorough research before making any investment decisions. Diversification and monitoring market sentiment are essential for managing risks effectively. Stay informed and adapt your trading strategy accordingly to navigate the uncertainties surrounding AAPL's future performance.
NASDAQ:AAPLShort
by bryandowningqln
Apple Inc.: A Timeless Investment OpportunityApple Inc.: A Timeless Investment Opportunity Apple Inc. holds a prestigious title in the world of finance as the most valuable company by market capitalization. Its remarkable journey over the past 47 years has seen it achieve unprecedented milestones, showcasing an unparalleled ability to capture the consumer market. One of its standout achievements is the iconic iPhone, which has not only amassed a user base exceeding one billion individuals but has also acted as a catalyst for driving consumer interest across its extensive product lineup. A Remarkable Trajectory Apple's impact on its stock performance is staggering, with its shares having surged by an astounding 135,000% since its initial public offering in December 1980. While some might assume that the prime window for Apple investments has long passed, the company's trajectory suggests otherwise. Notably, even the revered Warren Buffett's Berkshire Hathaway has continued to bolster its holdings in this tech giant, further underlining the enduring appeal of Apple's stock. Consistent Growth and Innovation Renowned for its consistent and reliable growth, Apple remains a compelling addition to any investment portfolio. It's worth noting that Apple may not always be the pioneer in entering new markets, but it has consistently demonstrated a remarkable ability to leverage existing technology and infuse it with its unique design sensibilities. This approach has allowed Apple to attract fresh users and establish dominance within various industries, including smartphones, tablets, smartwatches, and headphones. Resilience in Challenging Times Even in times of economic adversity, Apple's products have continued to resonate with consumers. While many tech companies grappled with reduced consumer spending, Apple's performance stood out. For example, during the second quarter of 2023, while the PC industry saw a 13% decline in shipments year over year, Apple's MacBook shipments increased by 10%. In the smartphone market, where there was a 24% decline in shipments during the same period, Apple exhibited a more modest 6% decline. The Power of an Ecosystem One of Apple's key strengths lies in its ability to foster an interconnected ecosystem among its products, encouraging consumers to remain loyal over the long term. Exclusive apps like Messages and FaceTime serve as additional incentives for users to stay within Apple's ecosystem. A Bright Future Ahead Although Apple has faced macroeconomic challenges this year, it is poised to benefit as the market rebounds. The company consistently delivers attractive profit margins, with products yielding 35% and digital services boasting an impressive 71% as of Q3 2023. With its commanding position in the tech industry, Apple is well-positioned for potential growth in the coming five to ten years. Resilience in the Face of Challenges Apple's recent stock performance, marked by an 11% decline since the release of its Q3 2023 earnings report in early August, may seem concerning at first glance. However, this marks only the third consecutive quarter of revenue reduction, with a 1% year-over-year decrease in revenue. These setbacks were influenced by a broader consumer retreat in several product segments. The Services Segment: A Beacon of Growth Amid these challenges, Apple's services segment remains a bright spot. In Q3 2023, this segment recorded an impressive 8% year-over-year expansion, contributing significantly to the company's revenue, which reached $21 billion. The services business encompasses earnings generated from subscription-based platforms like Apple TV+ and Apple Music, as well as income from the App Store. An Ongoing Growth Story Considering Apple's historical growth patterns, it becomes evident that seizing opportunities during market downturns can be advantageous. With its commanding position in the consumer technology sector and a flourishing services division, Apple offers the potential for significant returns over the long term. Conclusion In light of these factors, it is abundantly clear that the window of opportunity to invest in Apple stock remains wide open. Apple's resilience, innovation, and ability to adapt to changing market dynamics make it an excellent choice for long-term investors. As it continues to evolve and innovate, Apple holds the promise of delivering substantial gains in the future.
NASDAQ:AAPLLong
by FOREXN1
9
Apple (AAPL) -> The Company Of The FutureMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Apple. Since the beginning of 2019 Apple stock has been trading in a solid rising channel and just recently rejected the support area at the $130 level. Apple also perfectly broke above its previous all time high and is coming back for a retest after which I do expect another bullish rally to retest the channel resistance. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AAPLLong
by basictradingtv
30
AAPL Hit as China Imposes iPhone Ban on State Entities It has come to our attention that the Chinese government has recently banned iPhones from state companies and agencies, which could have significant repercussions for AAPL's market presence and sales in the region. China has been a crucial market for Apple, contributing a substantial portion of its global revenue. If enforced strictly, this ban may result in a considerable decline in iPhone sales and subsequently impact AAPL's financial performance. As traders, we must stay informed about such market events and evaluate their potential implications on our investment strategies. Considering the potential risks associated with this ban, I encourage you to exercise caution and consider pausing any further investments in AAPL until we have more clarity on the situation. Apple is expected to release its new iPhone soon, and it would be prudent to closely monitor the developments surrounding this ban before making any investment decisions. It is worth noting that this is not the first time Apple has faced challenges in China. The company has previously encountered regulatory hurdles and intense regional competition, impacting its market share. However, Apple has demonstrated resilience and adaptability in the past, and it would be wise to await further updates on their response to this ban before taking any action. As always, conducting thorough research and consulting with your financial advisor before making any investment decisions is crucial. Keeping a close eye on the news and market trends will help us navigate these uncertain times and make informed choices. Please feel free to comment if you have any questions or concerns. Let's stay vigilant and make well-informed decisions as we approach the launch of the new iPhone.
NASDAQ:AAPLLong
by bryandowningqln
Apple Moving Lower for LongerAPPL (1D) - Quick Analysis Price Chart Apple's price action has filled it's August gap (White Dotted) and turned lower pushing past the 12, 26, and 50-day EMA's in one swoop. Both RSI and OBV have created trend lines (Yellow Solid) that the indicators look to be respecting with failed retest; as RSI is on the verge of pushing below the 50 level. What Seems Legit? This bad boy finally cooling off. It's up 60% YTD. First retest it's 200-day EMA then retest it's major trend line and some good chaos in-between. Check us out on Twitter for charts not posted here, memes, and news that that doesn't make the news Chart Key Yellow Solid = Trend Line White Dotted = Gap Fill Green Boxes = Supports / Target Areas
NASDAQ:AAPLShort
by Seems_Legit_Research
Is AAPL Worth Considering for Dividend?Introduction: As a trader, you constantly seek investment opportunities that offer promising returns. While Apple Inc. (AAPL) has long been known for its innovative products and market dominance, it's worth questioning whether it is equally attractive regarding dividend investing. In this article, we delve into the breakdown details of Apple's dividend and explore whether AAPL is worth considering for dividend-focused traders like yourself. Call-to-Action: Worth Considering AAPL for Dividend Considering the breakdown details of Apple's dividend, it becomes evident that AAPL is a stock worth considering for dividend-focused traders. Here's why: 1. Consistent Dividend Increases: Apple has a track record of consistently increasing its dividend payout, reflecting its commitment to rewarding shareholders. 2. Competitive Dividend Yield: With a dividend yield of , AAPL offers a competitive return compared to other dividend-paying stocks in the market. 3. Potential for Future Growth: Apple's commitment to dividend growth suggests that there is potential for further increases in the future, which could enhance your investment returns. 4. Strong Financial Position: Apple's relatively low payout ratio indicates its ability to sustain and potentially increase dividend payments in the long run, supported by its strong financial position. In conclusion, while Apple's primary focus may be on its product innovation, the breakdown details of its dividend program make AAPL a compelling option for dividend-focused traders. By considering AAPL for dividend investing, you can benefit from consistent dividend increases, competitive dividend yield, and the company's strong financial position. So, why not explore the potential of AAPL as a dividend investment opportunity? Disclaimer: It is essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
ALong
by bryandowningqln
US30 BULLISH ELLIOT BREAKDOWNLooking back from Wednesday 15 of March, 2023, the wave 3 kicked off after wave 2 has completed its 3 waves movement. Wave 3 which carries 5 sub-waves along side submerged. Sub-waves 1, 2 and 3 are done, going for the fourth wave which carries 3 waves (ABC waves). However, from 4H timeframe, we can see a Zig-zag correction occurring which goes with 5-3-5 formation. Wave 4 is almost done, from there we can witness the last wave of 5. let's see what the lunch from NASDAQ:AAPL will bring about on the 15th of September. Stay tuned for updates from this breakdown. WAVE 1 = 5 WAVES WAVE 2 = 3 WAVES WAVE 3 = 5 WAVES WAVE 4 = 3 WAVES WAVE 5 = 5 WAVES WAVE A = 5 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVES
ULong
by Ifeanyichukwuxx
Apple -> Correction Already Over?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and after the retest of the 0.382 fibonacci retracement level we could see at least a short term bullish bounce. But Apple stock is still creating bearish market structure so there is also a chance that Apple stock will just break below the current support level - If you are looking for longs though I would simply wait for a break aboce the bearish daily trendline and then enter a long position. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLLong
by basictradingtv
23
Apple -> Massive Breakdown And Now?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. As I mentioned over and over again the weekly timeframe looked quite overextended so I do expect even more short term bearish pressure before a reversal will be quite likely. With Apple's gap down of -5% on Friday my last analysis, linked below, perfectly played out but there is no reason why Apple stock should reverse immediately so be careful and don't jump into longs too early. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
41
APPLE - An upcoming opportunity Investor Goggles on Today Apple Inc NASDAQ:AAPL MACD Cross Historic Performance Sept 2006 – 16 months – 213% July 2009 – 18 months – 149% Mar 2014 – 16 months – 83% Dec 2016 – 18 months – 78% Aug 2019 – 18 months – 189% Jun 2023 – 18 months – 100% ? Average return of the 5 past MACD crosses above is 142%. We have projected a modest 100% increase over the next 18 months. That’s IF we get the cross in June 2023. Worth noting we are about 6% away from the ATH of $182. A weekly close above this level would be ideal in combined with the MACD cross confirmation. Failing these you would wait. These could occur at the same time. Stop would be placed under the ATH. Keep in mind that a MACD cross is a lagging indicator so we try and anticipate the cross scenario. Given the history of price in this long term parallel channel since June 2005, an incredibly idyllic scenario would be a revisit of the bottom of the channel which would coincide with a revisit of the 50 month smooth moving average(SMA) in purple. If we ever revisited the 50 Month SMA or 200 week SMA I believe this would be a major opportunity, given this has only occurred 4 times in almost 20 years.
NASDAQ:AAPLLong
by PukaCharts
4
Apple -> Will It Hold Support?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180. I am now just waiting to see how Apple reacts at the current level considering that we are once again retesting the bullish trendline - so far market structure is still bullish but if we see a break lower, the daily timeframe looks like a correction is inevitable. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
35
Apple -> Watch This Potential PatternHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. The weekly timeframe on Apple is showing some overextension towards the upside and Apple hasn't retested the 0.236 fib level yet so we could indeed see a short term pullback now. Apple could also created a solid double top on the daily timeframe and if Apple stock also breaks below the solid uptrend line we could certainly see a short term move lower to retest the previous all-time-high at the $180 level. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
25