APPLE: Will Start Falling! Here is Why:
The analysis of the APPLE chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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AAPL trade ideas
AAPL Continuation shortAlgo has tripped on this a bit ahead of the descending triangle attern completion--targetting $162.25, keeping a tight stop however as we don't have confirmation of a breakdown below the support level of 170.
APPL- Long way aheadAPPL- Long way ahead:
-Demand zone.
-Key level support.
-Candle pattern confirms.
-Volume confirm.
Apple's Share Price and AI Potential Attract Hedge Funds
Hedge funds are circling Apple like sharks in feeding frenzy, according to a recent report by Bloomberg. This newfound interest stems from a confluence of factors: a recent slump in Apple's share price and the company's anticipated foray into artificial intelligence (AI) for its flagship iPhones.
A Discount Apple: Value in Slumping Shares
Apple's stock price has dipped by roughly 13% so far in 2024, lagging behind the broader market. This decline has made the company's valuation more attractive to hedge funds, who are constantly seeking strategic buying opportunities.
JPMorgan Chase analysts point out that Apple's current valuation, hovering around 24 times its forward earnings, is lower compared to its tech megacap peers like Microsoft. It's even slightly below the tech-heavy Nasdaq 100 benchmark. This relative discount has piqued the interest of value-oriented hedge funds searching for undervalued stocks with strong growth potential.
AI: The Next Frontier for iPhones?
Hedge funds are not just enticed by the discounted share price; they're also excited about the potential for AI integration within Apple's iPhones. The anticipation of significant AI upgrades to future iPhones is seen as a major growth driver.
While details remain under wraps, analysts speculate that Apple might be planning to incorporate advanced AI features into its iPhones, potentially revolutionizing user experience and functionality. This strategic shift aligns with the broader trend of tech giants embracing AI to enhance their products and services.
Navigating Headwinds: Challenges Remain
Despite the recent surge in hedge fund interest, Apple isn't without its challenges. The ongoing global chip shortage continues to disrupt supply chains, potentially impacting production and shipment timelines for new iPhones. Additionally, the economic slowdown in China, a crucial market for Apple, could dampen overall demand for its products.
A Strategic Entry Point: Betting on Apple's Future
JPMorgan analysts see the current headwinds as a strategic entry point for hedge funds. They believe these challenges are temporary and that Apple is well-positioned for long-term growth, especially with its anticipated AI advancements.
Hedge funds are likely betting on Apple's ability to innovate and maintain its market dominance within the premium smartphone segment. The success of AI integration within iPhones could be a game-changer, propelling Apple's share price significantly higher.
The Bottom Line: A Calculated Gamble
The influx of hedge fund interest underscores Apple's enduring appeal as a potentially undervalued tech giant. While the short-term outlook might be clouded by economic uncertainties and supply chain disruptions, the long-term prospects appear promising, fueled by the company's commitment to AI development. However, investors, including hedge funds, should carefully consider the inherent risks before dipping their toes into the Apple stock pool. The success of Apple's AI endeavors will ultimately determine whether this surge in hedge fund interest translates into a sustained rise in the company's share price.
BUY AAPL Apple at current levels (175 to 176) for T1 180 T2 195BUY AAPL Apple at current levels for T1 180 T2 195
Its less than 2 minute video where I have explained the entry and stop loss
Expecting the target to be achieved in a month or 2
Apple at supportDo i like apple, not really... but it's hard to be very bearish when magic beans are 60k+. I would expect apple to bounce soon from one of these green support levels.
AAPL bouncing off major support. AAPL bouncing off major support.
Is this the reversal or a mere dead cat bounce?
AAPL Apple WAIT to BUYAAPL Apple WAIT to BUY
If you look at Weekly TF:
there is still room for downside
There is a good support at 170$, however, one should not give any money to market by jumping the gun. Any trade should be initiated only at support OR when price breaks the TL in the direction of our trade.
Better way to initiate a BUY entry would be, when price breaks above the Red Sloping TL and closes above it, Then a BUY entry can be initiated.
If a BUY entry is initiated, then
1st Target would be 180,
2nd Target would be 195
For stop loss (Partial exit ) when price breaks below the Red Sloping TL and complete exit when Green HOrizontal Support TL at 170 gets breached.
Good chance to accumulate Apple SharesSo we are witnessing a 15% fall from the peak for Apple shares which scares the hell out of some investors.
At current price level , 168, we see a pretty strong support from two previous occasions, Sept and Oct 2023. I plan to nibble some tonight at 166-168 price level .
I think this presents a good accumulation entry point for long term investors. Please DYODD
An apple a day, keeps poverty awayIt has risen more than a 1000% since 2014 at less than 20 dollars. The brand equity is so strong that each time I passed by an Apple Specialty store, it is always packed with people. It has become a "must have" item to have despite many claims it has lousy battery power, software issues breakdown, etc. Personally, I have changed my Apple Watch twice for not able to get it to charged.
There were days when I go swimming without my watch and I felt a little weird and uneasy. That is when I realised how addicted I am to the watch, from tracking my daily steps to checking the weather ,etc.
The Daily chart a nice breakdown after it has risen so much this year, close to 50% since the start of 2023. I see some support from 183 to 186 level and will not rush to accumulate as Tech stocks have gone up quite a fair bit thus far so a retracement is healthy and much needed.
AaplFalling wedge building up here .. I think the price could drop as far as 160 to retest breakout (Whiteline) and this setup still be valid.
Strong support at 165 then 160.
Cut losses below 160.. bullish target is 182.. 182 will be a tough nut to crack. Any close over 185 and its back to 200
Below 160 and we head to the weekly 200sma at 150 ish. Aapl has never broken the weekly 200sma..
APPLE LongWaiting for confirmation low to enter our lev position, otherwise accumulating at these levels for the swing.
180$ would be the perfect target for then a retrace to the low and confirm the support a second time.
Apple Revolutionizes Mac Line with AI-Focused M4 Chips: 🍏💻In a bid to revolutionize its computer lineup and bolster artificial intelligence (AI) capabilities, Apple Inc. ( NASDAQ:AAPL ) is set to unveil a new family of in-house processors, the M4 chips. The move comes as a response to sluggish computer sales and a growing need to integrate advanced technologies into its products.
The M4 chips, slated to succeed the M3 processors released just five months ago, represent a significant leap forward in Apple's AI strategy. With plans to integrate AI capabilities into every Mac model, Apple ( NASDAQ:AAPL ) is poised to redefine the boundaries of innovation in the tech industry.
The new chips, which will come in at least three main varieties, are designed to enhance efficiency, safety, and delivery speed for consumers. With names like Donan, Brava, and Hidra, these chips promise to deliver unparalleled performance and seamless integration with Apple's ecosystem.
The timing of the rollout couldn't be more critical, as Mac sales witnessed a decline of 27% in the last fiscal year. By infusing its Mac lineup with cutting-edge AI technology, Apple aims to breathe new life into its computer business and regain its competitive edge in the market.
But the implications of Apple's AI-focused M4 chips extend far beyond the realm of computer sales. With the potential to transform industries and reshape the future of work, these chips herald a new era of innovation and possibility.
As Apple ( NASDAQ:AAPL ) gears up to release the updated computers beginning late this year and extending into early next year, the tech world eagerly anticipates the unveiling of these groundbreaking devices. With promises of sustainable earnings growth and enhanced user experiences, Apple's M4-powered Macs are poised to set new standards of excellence in the industry.
In a landscape where AI is increasingly becoming ubiquitous, Apple's bold move to overhaul its entire Mac line with AI-focused M4 chips is a testament to its commitment to pushing the boundaries of innovation and shaping the future of technology.
As the tech giant continues its journey towards greater integration of AI into its products, the possibilities are limitless. With the M4 chips at the helm, Apple is paving the way for a future where AI-powered devices revolutionize the way we work, play, and connect.
Technical Outlook
Apple Inc. ( NASDAQ:AAPL ) stock is up by 4.33% trading within the moderate buy zone with a Relative Strength Index (RSI) of 54.72 indicating further room for growth.
The 4-month price chart candlestick shows a bullish Harami candle stick pattern which further validates the bullish analysis of the thesis.
$AAPL APPLE Stock Bearish to Bullish Reversal NASDAQ:AAPL APPLE Stock Bearish to Bullish Reversal trend line break. Now we wait for algorithm to give us a buy alert to go long.
AAPL is About to RunApple is showing support at the prior demand zone, and the moving average angle is looking strong. Anticipating $195 within the next 1-2 months.
Never Short SupportAAPL is holding support quite nicely.
Remember never short support.
Strong weekly and daily timeframe setup here, remains on swing watch
LONG AAPLHello everybody
I think AAPL is long in midterm It is your responsibility to check and tade with yourself This analysis has an educational aspect .
Dont go into details and short timeframe
Dont have open trades during news times
Trade with your little money and Invest with your big money
Good Luck
Apple - More Room Apple hasn't been as amazing as the rest of the Mag 7 for 2024. But that's okay as good days are likely to comeback once it hits that strong support area towards 157-160.
Economy looks strong well at least by the weekly data and if it is what Jpow says than rate cuts shouldn't matter much if it's doing well that is. We have been delayed these rate cuts and market has rallied and most likely priced in multiple times so a bit of cautions is needed here.
We will hit few bumps along the way as it's the year of election but over all things look good if not great. For a better entry some retracement and off we go.
$AAPL 2024Listen up. This is going one of two ways. Either we see the bull flag continuation to the upside that was established in 2023. Orrr Apple double tops on our asses.
Zooming in on the support will show you that we are very close to finding out.
Regardless, the move will be tradable. And you bet your ass the only way I trade this is long. I believe this $165-$170 range to be a heavy demand zone. RSI shows reason to believe it's oversold. Not to mention, big tech can drop an AI bomb on our heads at any second.
NASDAQ:AAPL could easily, and I mean EASILY, be $200+ EoY.
$190 calls for 12/20 are currently 6.85 . We shall come back to this...
Comprehensive Analysis: Long-Term Position in Apple (Idea 1)After conducting an exhaustive examination of Apple Inc.'s fundamentals, including a meticulous review of its Annual Report, earnings calls, and other pertinent documents, I have arrived at a well-informed conclusion regarding the company's prospects. Subsequently, I have strategically chosen to position myself in this market leader.
Apple's substantial Market Capitalization underscores its prominence in the global market. By amalgamating both Fundamental Analysis and Technical Analysis, this trade idea is meticulously crafted to capitalize on the inherent strengths of Apple Inc. This marks the inception of a two-part analysis, with the first segment focusing on establishing a long-term position.
The entry point for this trade is set at 164.31, a level meticulously chosen based on a synthesis of technical indicators. Unlike conventional trading strategies, this approach foregoes a Stop Loss (SL) as the overarching vision is geared towards the long-term horizon, mitigating short-term fluctuations and focusing on the company's enduring value.
While the Take Profit (TP) level remains subjective, the overarching strategy suggests holding the position for an extended period, allowing ample time for the investment thesis to materialize. Additionally, this entry and exit strategy provides flexibility for short-term trading opportunities, accommodating varying risk appetites and trading styles.
This comprehensive analysis underscores a strategic long-term perspective on Apple Inc., leveraging both fundamental strength and technical insights to navigate the dynamic landscape of the financial markets.
When you want to trade on Apple (based on this idea) than you need to set a SL (Stop loss), at 160.93$ (when you want a short trade (short timeframe) ) or 155.37$.
When you are in loss you should also do DCA.
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AAPL SupportIf AAPL loses support, it's a long ways down. I assume a lot of people have stop loss in mind, if not an order already.
AAPL is so heavily tied to the indices, the next down leg on NASDAQ:NDX and SP:SPX will cause it to drop below support. Could happen as soon as tomorrow.
