Apple with negative divergence!While Apple rises from ATH to the next ATH, the RSI - indicator has alreadey changed the tendency. And so we´re seeing a negative divergence between the price and the indicator - which is often an alarm signal, that a correction is in sight.
The stock is within a stable trend channel - but not far away form the lower level!
MACD is bullish - but the trigger line has changed the direction and could cross the signal line in the next days.
If Apple breaks the trend channel to the bottom a brief correction to prices around 100$ are possible.
On the other hand, if the support holds the stock could climb up to prices around 260$ - the next fib retracement at 1.618%.
Due to the initiatory analysis (negative divergence) the risk of a correction is actually high.
Applewatch
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 )
APPLE @ daily Chart @ with new Yearly High (last Monday)
from 2016-04-24 to 2016-07-26
- between 89.46 and 101.01
w-formation was created
Usually a w-formation is an trend-reversal-formation.
And this w-formation was even created under the extended downside trendline after alltime highs in 2015
132.84 (2015-07-21): start of the downside trendline after alltime highs in 2015
123.60 (2015-11-04): end of the downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed
After the breakUP of the downside trendline after alltime highs in 2015 the breakUP was etablished by two new lows
(a) even above the w-formation (101.01)
(b) even above the downside trendline after alltime highs in 2015 (102.24)
Right here right now we got a short term trading box
116.19 (2015-09-19): yearly high of 2016
112.71 (2016-09-23): Friday (last trading) Closed
111.55 (2015-09-23): intraday low of friday
To trade new yearly highs is the mid-term trading zone essentiel
False breakOUT of the downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed
112.38 (2016-04-14): highs while the false breakOU-formation in april`16
108.07 (2016-04-17): lows while the false breakOU-formation in april`16
1st target is 119.19
112.71 (2016-09-23): Friday (last trading) Closed
only if the share falls while october (or while the next 4th quarter`16)
under 103.91 (gap before the w-formation was created)
under 102.87 (gap after the w-formation was created)
under 102.47 (low after the the w-formation was created)
the big technical picture will not be constructive. So even above 102.47, even above 102.87 & even above 103.91 the big techical picture is still sugessting higher prices. Higher prices until 119.19 and higher - while this year 2016.
Long-Term BUY Signal
Meanwhile also the 100 SMA is only 70 Cent under the 200 SMA !!!
Usually a 100 SMA upside cross over the 200 SMA is suggesting also higher prices ...
112.71 (2016-09-23): Friday (last trading) Closed
102.06 (2016-09-23): 200 Daily SMA
101.36 (2016-09-23): 100 Daily SMA
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
ONE TO WATCH - AAPL Bullish BreakoutA very simple and quick analysis of AAPL stock.
As usual there is not much reason to be bearish on AAPL (Apple) stock, with the release of its new products and a game changing new watch, there are no major fundamental signs or technical indications of a fall in price. After the usual post announcement pull-back and consolidation that seems to affect Apple, we seem to be nearing the limits of this symmetrical triangle that has been forming since the days leading up to the announcement back in the beginning of March.
3 bounces on the 50ema have proven it to be acting as dynamic support, matching the bottom trend of the triangle.
The most recent bounce closed as a minor hammer/doji reversal candlestick signalling the end of the recent down trend and most likely a long move for the bullish continuation. Just like we have seen in the past with this stock.
To top it all off we can see there is support at the 122.50 level, most likely a result of the 0.382 Fibonacci retracement zone.
A good entry order for this stock would be 126.5, giving price enough room to breath through the upper trend line and reverse or take the breakout. A great stop-loss here seems a no brainer. 121.50, well below the 50ema and 0.382 retracement and also below the last swing low bounce on to the 50.
Please like and share your thoughts and for more market analysis, visit - www.forexvader.com
INVN The Apple PlayMotley Fool has been touting a company that will profit from the Apple watch and Ioe. This is the company INVN. This stock has a lawsuit due to not sharing with investors that Apple was working with them. This is a speculative play but could play out if indeed they have the skeleton in Apple products. The way to play it is either stock at around 15.00 per share or a Jan 16 LEAPS option at 3.10 per contract. The break-even would be 18.10 by Jan 16th...can it get there? Well if it is supplying the chips for the watch and iPhone 6 it may very well get there soon...the lawsuit will be something to watch.
Buy the rumor & sell the news.Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today.
It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall.
If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max).
Next week's movement is critical here, and given Apple's market cap it'll affect S&P500 a lot from this downtrend!
This also comes at a time when gold is at a make it or break it moment (20% uptrend within next few months or a big correction downwards)
With the toppish & bubblish market, anything can burst it even if its a bullish news.
P.S: (sorry for the party popper, & enjoy your new iPhone :) )