MAG7 analysis through 2028 (50% retrace) after ATH in 2026I'm sharing this analysis of MAG7 to gather feedback. This analysis is based on a LOG chart. it uses Fibonacci levels and TA to help extrapolate tops, pullbacks and bottoms.
AAPLD trade ideas
AAPL Harmonic Elliott Wave and Hurst Cyclic AnalysisReview:
Key points of the previous update (March 17th):
Started wave X of (B).
Wave X is a double zigzag.
March 7th, we formed a 20W cycle trough.
Next major trough, 18M cycle trough in early July.
40D cycle trough: 9-10 April.
80D cycle trough: 14th May.
Update:
Analysis of the Structure:
This week we completed wave x of X as a flat correction and now we are in wave y of X.
Analysis of the Cycles:
Today was the first 20D cycle trough of the first 40D cycle of the first 80D cycle of the current 20W cycle. The other statements made on the previous update are valid and in play.
Downtrend Reversal? Buy the Dip!NASDAQ:AAPL
As you know the justice department has issued an Antitrust suit against Apple. This news is going to cause a downtrend in the stock, as expected, because of reaction to the news. However, we can expect a reversal sooner than later.
Apple is at $172.28 as of 03/22/24
Buy until $168.52
Price target(s): $174.27, $178.79
(expectation of a downtrend if the price retraces from this high, it could encounter resistance because traders may be ready with sell orders here)
$AAPL - Potential Short Idea - Double TopApple’s stock ( NASDAQ:AAPL ) is currently trading within a specific range and has the potential to form a double top pattern. Although my bias is towards a downward trend, I advise against entering any trade until the stock breaks outside of the range or the valley of the double top pattern at 167.50. If it breaks out of the range, the potential target is at 141.75, with an extreme target of 127.75.
If you do not trade options, consider exploring NASDAQ:AAPD , a bearish 1x ETF that you can use to short or hedge your portfolio.
AAPL BUY FOR A BOUNCEY BOUNCE! +++AAPL hit Fibonacci support yesterday on the selloff. Longer term I think we see $154 but this needs to bounce. The reason for the selloff is utter nonsense and likely the lawsuit will go nowhere after I researched further. DOJ are a bunch of as clowns full of imbeciles who have never run a business and know jack sheet about technology. Dominance yes, monopoly no. Bounce target is $176.76
AAPL end of cicleAAPL is rising, while RSI and MACD are dropping, forming strong and powerful bearish divergences that will sooner or later trigger a significant downward move in the price of AAPL. On both RSI and MACD, we have a lower high, while the price made a higher high, signaling a lack of strength in this move and suggesting that big players are selling while inexperienced investors are entering at all-time highs.
Furthermore, AAPL is forming a huge and powerful bearish pattern, a rising wedge. It is almost certain that the price will break below the trend line of this pattern, triggering bearish momentum. The only question is when it will happen. I anticipate that the price will experience a bounce on this weekly chart at the trend line, but it could be just a dead cat bounce. After that, a break is likely, and the price will probably drop to the significant support level, specifically the BigRed aka 200-week MA, at prices between 140-150.
From a macro perspective, it is highly likely that AAPL will undergo a strong correction and trend downward for months. The downgrade coincides with negative growth for the company, lower sales, and weaker demand.
AAPL Share Price Falls More Than 4% after Antitrust LawsuitAAPL Share Price Falls More Than 4% after Antitrust Lawsuit
Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors.
“Each step in Apple's course of conduct built and reinforced the moat around its smartphone monopoly,” the government said in the 88-page lawsuit.
The result of news of the lawsuit was a sharp decline in Apple's share price by more than 4%. This is a serious blow to stocks that are already underperforming the broader market. As confirmation, we note that yesterday, the ratio of the S&P 500 index to the AAPL share price set a maximum since November 2021.
The chart for AAPL stock shows an increasingly bearish picture:
→ The pace of the strong bull run (shown in the blue channel) of 2023 remains in the past, forming an A top near the USD 195 per share level of AAPL.
→ The price tested this level, forming top B.
→ Thus, the level of USD 195 works as an important resistance, around which a double top A-B pattern has formed (subjectively, it can be regarded as a triple, taking into account the high of January 24.
→ Price action increasingly defines the contours of the downward channel (shown in red).
→ While developing within this channel, the price has already dropped below the uptrend line (shown in green).
As we wrote earlier, analysts fear a decline in sales of Apple products. If the negativity in the market increases, the bears may attempt to break through the support level of USD 168 per share.
The company's report for the 1st quarter of 2024 will have an important impact, its publication is scheduled for April 25. But for now, analysts believe more in a positive scenario - according to TipRanks, the average predicted price for AAPL shares is $204.86 in 12 months.
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Bearish Signal on AAPL: A Strategic Trade AnalysisAs market dynamics continue to unfold, it's essential to stay vigilant and adapt our strategies accordingly. Today, I'm drawing attention to a notable development in NASDAQ:AAPL observed on the weekly chart that suggests a potential pullback in the near term. Through a detailed analysis, I've identified a head and shoulders pattern coupled with a MACD death cross, indicating that NASDAQ:AAPL might be gearing up for a significant downturn in the coming months.
The head and shoulders pattern, renowned for its reliability in predicting bearish reversals, has made its presence known on the AAPL weekly chart. This formation is characterized by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). Such a pattern is a classic bearish reversal indicator, suggesting that after an extended period of upward movement, the tide is about to turn.
Adding to the bearish sentiment is the MACD indicator, which has recently exhibited a death cross. This occurs when the MACD line crosses below the signal line, a signal often interpreted by traders as a bearish turning point for the stock. Historically, a death cross on the MACD has been a precursor to significant sell-offs, reinforcing the bearish outlook suggested by the head and shoulders pattern.
Given these technical indicators, I project that NASDAQ:AAPL could experience a pullback towards the $160 range in the coming weeks. This anticipated movement presents a strategic opportunity for traders to consider short positions, aiming to capitalize on the expected decline.
While Apple remains a powerhouse in the tech industry, no stock is immune to the natural ebb and flow of market cycles. The confluence of the head and shoulders pattern and MACD death cross on the weekly chart serves as a potent bearish signal, warranting a cautious approach. As always, it's crucial to conduct your own research, consider your risk tolerance, and employ proper risk management strategies when trading.
Let's keep a close eye on NASDAQ:AAPL price action in the weeks ahead and be prepared to act on this developing opportunity. Happy trading, and may your trades be both informed and profitable.
It's Apple... Apple is now on the 21 monthly EMA after dropping 4% today.
Folks, it's Apple.. Up to you if you want to trade it, but you should definitely own it!
Not financial advice, good luck to all :)
AAPLThe news about the fall in sales in China and the payment of a fine in Europe played out. Catching an entry with a very short stop.
tp1 198
tp2 262
Idea to enter the trade for APPL in upcoming daysApple's stock has been falling quite heavily lately, likely due to its lack of engagement in AI. There are rumors that they will firstly utilize Google's AI in their next iPhones, and they also plan to increase their involvement in AI, so the fundamental sentiment is expected to change soon.
If the price drops a bit further, creating a divergence (check my drawings) and resulting in a reaction, then I plan to double my investment in AAPL.
In terms of TA, there are three levels that we particularly love when combined:
Value Area Low
Demand
Fibonacci Golden Pocket
DOJ Sues Apple Inc. in Antitrust Case Over iPhoneThe U.S. Department of Justice (DOJ) has set its sights on tech giant Apple Inc., ( NASDAQ:AAPL ) alleging antitrust violations related to its iPhone ecosystem. This latest legal showdown underscores the escalating tension between regulators and Big Tech, with Apple ( NASDAQ:AAPL ) now finding itself at the center of a high-stakes battle that could reshape the landscape of the digital marketplace.
Antitrust Allegations Unveiled:
The DOJ's imminent lawsuit against Apple ( NASDAQ:AAPL ), slated to be filed as early as Thursday, sends shockwaves through the tech industry. At the heart of the matter lies accusations that Apple has unlawfully restricted rivals from accessing key hardware and software features of its iconic iPhone, stifling competition and innovation in the process. With bipartisan support for reining in Big Tech's dominance, this legal action marks a significant escalation in the ongoing scrutiny faced by Silicon Valley giants.
Challenges to Apple's Dominance:
Apple's alleged antitrust transgressions extend beyond mere hardware restrictions. From concerns over its control of iPhone sensors to accusations of unfair treatment towards competing payment services, the tech behemoth faces mounting pressure to justify its market practices. Critics argue that Apple's policies not only limit consumer choice but also undermine the principles of fair competition essential for a thriving digital ecosystem.
Navigating Legal and Regulatory Headwinds:
For Apple ( NASDAQ:AAPL ), the DOJ's legal onslaught represents yet another hurdle in its ongoing battle to maintain its dominant position in the tech industry. With previous antitrust lawsuits targeting Google and Facebook, regulators are intensifying their efforts to curb monopolistic practices across the board. Apple's recent engagement with Justice Department officials underscores the company's proactive stance in defending its position, but the road ahead remains fraught with uncertainty.
Implications for the Digital Marketplace:
The outcome of the DOJ's antitrust case against Apple ( NASDAQ:AAPL ) carries far-reaching implications for the broader digital marketplace. As regulators seek to level the playing field and promote competition, tech giants face mounting pressure to adhere to stricter antitrust regulations. With shares of Apple ( NASDAQ:AAPL ) experiencing a dip of 3.77% in extended trading following the news, investors are closely monitoring developments, mindful of the potential ramifications for one of the world's most valuable companies.
AAPL March 20, 24: The Come Back?We have written 2-3 posts about NASDAQ:AAPL to find entry, you can see them in the related ideas section.
As the stock was (and still is) trading below its key moving averages: MA-50, 150, 200, we expected the stock to go down further from the price range $168 - $169.
However it did not happen like we expected. On March 20, NASDAQ:AAPL showed a strong session, though volume did not pick up yet. The stock closed at high, crossed above the resistance AND its moving average MA-20.
Therefore we started to enter the stock again here around the close.
Invert Cup & Handle. let see AAPL GOING DOWN!Possible DOWN OF AAPL. Following the Cup & Handle Pattern . it is possible AAPL going down SOON. Lets see this reversal.
target &160
APPL Buystock down 3.5% today, not bad area to start accumulating.
Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It designs, develops, and sells consumer electronics, computer software, and online services.
Apple Longs (Weekly)Ready to shoot off. Retest of key demand zone, and rebounding with bullish upside pressure.
We will break the highs and reach beyond to the 210s.
The Power of Supply and Demand: Apple Stock Smart InvestmentAre you looking to make a smart investment with the potential for high returns? Look no further than Apple stock (NASDAQ: AAPL). In this supply and demand stock analysis, I will explore the power of supply and demand in driving the value of Apple stock and why investing in this tech giant could be a game-changing move for your portfolio. Read on to discover why now is the perfect time to jump on board with one of the most iconic companies in the world.
One of the key factors driving the success of Apple’s stock is its strong weekly demand level, which recently took control a couple of weeks ago at $174 per share. This demand level refers to the amount of interest and investor purchases in a given week. In simpler terms, it reflects how many people buy and hold onto Apple shares.
AAPL IS LOOKING PRIME FOR LONG TERM HOLDWhile it is possible AAPL is in wave three already, it is more likely based on volume that there is more short term pain, at which opportunity will likely present itself.
AAPL SELL+++++I have posted a couple times recently I don't like the way AAPl has been trading recently. Today we had a big spike induced by Fed liar Jerome Powell and his blah blah blah lies. After hours bad news hit AAPL which erased the days gains. I believe this will see $154 in coming weeks where we have strong support, bounce and likely continue lower for many reasons of valuation, AI threats, China politics, etc. AAPL has lots of overhead resistance at $179, this last move upward was nothing more than an oversold dead cat bounce.
AAPL March 14, 24: A Comback JourneySince July, 2023 NASDAQ:AAPL has been a laggard during a huge uptrend powered by developments in AI.
It definitely was not a place to put money in, at least for trend-following traders.
Currently NASDAQ:AAPL form what is called dead-cross, with its MA-50 crossing down MA-200. I think, the stock might goes down further from here, although I never short any stocks.
What I am doing now is follow the strongest stocks at their new high, those are outperforming the overall market.
Regarding NASDAQ:AAPL I am definitely keep an eye on this stock to participate in its comeback journey.
The stock is trading below all its key moving averages MA-50/150/200 right now. A move crossing up the lowest of these MA will be my first entry point.
AAPL potential buy setupReasons for bullish bias:
- Bullish XABCD
- Price bounced from support
- Strong bullish candles
Here are the recommended trading levels:
Entry Level(CMP): 178.06
Stop Loss Level: 166.85
Take Profit Level 1: 189.27
Take Profit Level 2: Open
AAPL breaks 50-day downtrend on FOMC dayCATALYST
Today is FOMC day. The Fed news just came out and it is seemingly positive, indicating that there are 3 rate cuts a head this year.
SETUP
Trend Reversal.
We are coming off a +55 day down trend. With today's announcement, we've broken the trend line.
RRR
8.07
PROFIT
12%
LOSS
2.55%
SOURCE
My list
Apple breaking out of a downtrendApple has been on a down trend since it made a new high at 200. If it breaks out of that channel around 177 and stays above 177. It can start an uptrend.
Major support and resistance levels have all been identified on the chart.
