Apple: DownhillApple recently set the high of the corrective wave (B) in magenta just below the resistance at $221.59. The wave (C) should now expand down into our green Target Zone (between $192.26 and $176.27). There the superior green wave (2) should be completed. Subsequently, we expect a reversal and a rise above $221.59. However, please note our alternative scenario (43%) that will come into play on a direct break of this resistance. In this case, the green wave alt.(2) is already complete.
AAPL
AAPL / Apple - Idea I.Hey guys,
Yearly Chart: Bullish Engulfing
-> Showdown Zone at 228-246 (138.2 &161.8 Fib ext.)
200 Being the First Resistance and 210 the second.
Quarterly: Candle is bullish
-> broke through the ascending triangular pattern and closed above bullishly
-> moreover 210 has been broken and 220 has been tested. -> Some profit taking would be logical but is not necessary since 228 can be seen as the first "real" target. But we will see … 3D chart will show.
-> Stochastic Ind. is OB but pointing up. -actually it is still in a very bullish condition.
Monthly: Bullish close but long shadow.
-> Stochastics has turned up after forming a double bottom
-> Target of 210 has been reached so Monthly traders might take profit as well.
-> looking for Bullish entries after a correction towards 200-190 area.
3D: trend is up with Stochastic turning down
Trendline still bullish
thanks for reading…
219/220 and why it is an issue alt 228219 area plus or minus 1 Has stop AAPL in her tracks reason is we reached major over head resistance and the question is was that the TOP of wave 3 today rally just stopped at a .618 But Cycles and spiral point toward july 5 to the 11th .so if we break above 215.4at anytime I would look for the throwover into the top of the channel that is at 228 plus or minus 1 I have taken a long position this is the second time the first made nice $ best of trades Wavetimer
Apple (AAPL): Bullish Breakout and What to Expect NextApple has broken out above the range between $198 and $165, currently trading around $210. This breakout is seen as very bullish, indicating that we can discard our alternative scenarios. We are confident that Wave (4) completed at $123 and we are now in the larger Wave (5).
Current Situation:
Elliott Wave Analysis: We believe that the initial super sub-wave ((i)) of the larger Wave (5) needs to correct after the strong rise since mid-April.
Correction Levels: We expect a potential pullback to the $185 to $165 range. Whether it will reach as low as $165 remains uncertain.
Confluences:
RSI: The RSI is overbought but without a bearish divergence, indicating continued bullish momentum with a "normal" pullback.
Volume: Support should hold around $175, providing a potential entry point during the correction.
Strategy:
No Immediate Orders: We are not placing any limit orders yet.
Market Report: If we decide to place a limit order, we will issue a market report to inform our group.
The outlook for Apple remains bullish. We anticipate a correction within the $185 to $165 range, with strong support around $175. We will monitor the situation closely and communicate any order placements through a market report.
AAPL: Hourly and Daily Chart InsightsHourly Chart: Lower Highs and Key Support Level
The hourly chart of AAPL indicates a short-term downtrend, characterized by a series of lower highs. This pattern suggests selling pressure is dominant in the near term. A key short-term support level is identified at 211.31. The price has recently breached this support, signaling potential for further downside. The 21 EMA at 212.94 is acting as resistance now. If the price remains below this level, it could confirm the continuation of the downtrend, materializing a pullback on the daily chart.
Daily Chart: Fibonacci Retracement and Support Levels
The daily chart shows AAPL’s recent bullish momentum, followed by a pullback. The stock is still bullish, and even a correction to the 21 EMA, or to one of its retracements would reverse its bullish sentiment. The 21 EMA at 201.11 provides additional support. If the price holds above the 38.2% retracement, making a bottom signal above the 21 EMA, it indicates strength and potential for a rebound towards the recent high of 220.00. A break below this level could lead to a test of the 50% retracement around 200.00, and possibly the 61.8% retracement near 195.00, triggering a sharper ccorrection.
Conclusion: Monitoring Key Levels for Trend Confirmation
AAPL's analysis on both hourly and daily charts highlights critical levels that we should monitor for trend confirmation. The hourly chart’s lower highs and breach of the key support level at 211.31 indicate short-term bearishness. The daily chart provide a broader perspective, suggesting that the trend is still bullish, despite the possibility of a correction. Holding above its support levels could signal a continuation of the bullish trend, while a break below may suggest further downside. Monitoring these levels will be crucial in determining the stock's next move.
In an uptrend, corrections are usually buying opportunities if there is a bottom signal near support, since the risk/reward ratio is optimized.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
APPLE formed 1st 1D Golden Cross in 15 months! Attention needed.It wasn't long ago when we called for a buy on Apple's (AAPL) absolute technical bottom (April 25 and May 02, see charts below respectively):
Needless to say that the 198.00 Target has been smashed. As the price reached the top (Higher Highs trend-line) of the 20-month (blue) Channel Up, the stock turned sideways and has been consolidating for the past 4 sessions.
This is a strong indication of a medium-term Top. If rejected, we expect a Channel Down correction to at least the 1D MA200 (orange trend-line), where we will again buy for the long-term. If broken though, we will buy the first 1D candle close above the (blue) Channel Up and target $250.00.
The reason for this bullish expectation is that Apple just formed the first 1D Golden Cross in 15 months (since March 22 2023). Last time it did, the price had already initiated the new Bullish Leg (in the form of a blue dotted Channel Up). It only started the medium-term correction of July 2023, when it closed a full candle below the 4H MA50 (thin red trend-line).
At the same time, the 1W RSI had to hit the 79.00 overbought level. As a result, if you do turn bullish upon a 1D candle breaking above the (blue) Channel Up, consider booking the profit earlier if 4H MA50 breaks or the 1W RSI gets rejected on its 79.00 Resistance (unless your portfolio can support the correction).
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Dow 'Big Yikes' moment as it gravely lags behind BigTech rallyA stock-market rally concentrated on an ever-narrowing cohort of tech stocks is leaving the Dow Jones Industrial Average behind as the Nasdaq Composite (IXIC), Nasdaq-100 hit records, making investors nervous.
The scope of the divergence on Wednesday, with the Nasdaq-100 finishing posting a 1.33% gain versus a 0.09% fall for the Dow DJIA was particularly troubling.
This is quite rare moment as the Dow posted a daily close more than 1.0 percentage points below Nasdaq-100 Index and more than 0.9% below S&P500 Index.
That is a 'Big Yikes' moment.
It's largely a statement on very bad breadth of the market, as we're incredibly reliant on just a very small number of names.
The rally more recently, he noted, has been driven largely by longtime AI favorite Nvidia Corp. (NVDA), and Apple Inc. (AAPL), which has surged nearly 9% this week as it outlined its own plans to add AI to its products.
The Super concentration is manifested in any number of breadth statistics, which track how many stocks in an index are participating in a move, including the percentage of stocks at 52-week highs versus 52-week lows and the percentage above their 200-day moving average.
For example, just one component of SP500 Index - that is Nvidia.. had accounted for 35% of the increase in the S&P 500's market cap in 2024.
Such a high concentration implies that if NVIDIA continues to rise, then things are fine and dandy.
But if it starts to decline, then the market will be hit hard.
Overall, presidential-election years tend to be strong ones for the market, particularly in the fourth quarter. And years that begin strong also tend to hold up.
But everything could end, earlier or later.
The main chart is the ratio between Nasdaq-100 (NDX) and Dow Jones (DJI) Indices. That indicates that June quarter posting an extremely new historical high between these two Major indices, first time over the past 25 years.
A very historical times we live.
Triple Top Apple going down - ultimately a head and shouldersApple will pierce the 50 and go back to it's latest accumulation area due to coming out with nothing new besides a crappy calculator and hitching it's failing stock (Buffett sold) to the latest bubble fad: AI.
I see Apple ultimately failing because the future will get rid of free business models for "stake holders" - if Biden gets reelected because we will have DIGITALID after the election and CBDC's shortly after that. If Trump gets in we'll morph to a gold standard, and Apple will have one last gasp of an idea that completes the right shoulder before the global economy is lost to global depression because of The Great Reset which is unavoidable due to currencies being ticking time bombs due to the coming sovereign defaults.
This will ultimately push up the dollar to 160+ before imploding itself.
I don't see ANY reason to hold Apple here. Fear and Greed is turning on the Weekly and Greed is losing momentum, RSI turning down and MACD is forming a crossover soon.
I'd buy puts on this: September 130 going for .25, this will return 20x.
NOT FINANCIAL ADVICE
Short $AAPL between $191-196. Target below $100?NASDAQ:AAPL is starting to look like a really great short opportunity. As you can see from the chart, the bullish trend that started in 2020, broke down in 2022 and hasn't been able to confirm support above it.
We confirmed resistance on that trend line in August and now looks like we're going back to test it one more time. I'd imagine this time, it won't break through and we should see a strong downward reaction afterwards.
I think we'll see price fall after that December pivot and then bottom sometime before 2025 at the lower support level.
Let's see how it plays out over the coming year.
Betting on the Apple Ecosystem: A Long-Term Look at AAPL StockApple (AAPL) has captivated investors for decades. Their sleek design, user-friendly interface, and commitment to innovation have fueled a loyal customer base and consistent stock growth. But with a recent focus on rebranding artificial intelligence (AI) as "Apple Intelligence," some wonder if the company can maintain its momentum. While this AI rebranding sparks debate, a long-term bullish outlook on AAPL remains strong, driven by the company's core strengths and a vibrant ecosystem.
Beyond the Buzzword: Why Apple?
Despite the recent "Apple Intelligence" announcement, the company's true value lies beyond a single rebranding effort. Here are some key factors driving a long-term bullish outlook on AAPL stock:
• Brand Loyalty: Apple boasts an unrivaled level of customer loyalty. Their products are not simply seen as tools, but as integral parts of users' lives. This loyalty translates to consistent product sales and recurring revenue streams.
• Innovation Engine: Apple is a constant innovator. From the revolutionary iPhone to the powerful M1 chip, they consistently push boundaries and create products that redefine user experiences. This drive to innovate keeps them ahead of the curve and ensures a steady stream of new revenue opportunities.
• A Walled Garden that Works: While some criticize Apple's closed ecosystem, it fosters a tightly integrated user experience. Seamless connectivity between hardware, software, and services like iCloud creates a smooth and efficient experience that users appreciate.
• Services Boom: Apple's services segment, encompassing offerings like Apple Music, iCloud, and Apple Arcade, is experiencing explosive growth. This recurring revenue stream provides stability and reduces dependence on hardware sales alone.
The "Apple Intelligence" Gamble: A Double-Edged Sword?
Apple's recent rebranding of AI to "Apple Intelligence" is a bold move. While it reflects a user-centric approach, some potential drawbacks exist:
• Managing Expectations: "Apple Intelligence" sets high expectations. Delivering features that consistently live up to the name is crucial to avoid user disappointment. Bugs and limitations can erode trust and damage the brand.
• Transparency Challenges: Apple hasn't always been at the forefront of AI transparency. Building trust requires openness about how their algorithms work and how user data is used.
• Integration Hurdles: Successfully integrating powerful AI features across their ecosystem requires meticulous engineering. Any hiccups in this process can hinder user adoption and adoption of the "Apple Intelligence" moniker.
The Long View: Betting on the Ecosystem
Despite potential roadblocks with "Apple Intelligence," the core strengths of the Apple ecosystem remain compelling. Their focus on user experience, consistent innovation, and a loyal customer base position them well for continued success. The "Apple Intelligence" rebranding might be a gamble, but it shouldn't overshadow the company's commitment to building a seamless and intelligent user experience.
For long-term investors, AAPL remains a strong contender. The company's dedication to innovation, a loyal user base, and a robust ecosystem suggest continued growth potential. However, keeping a watchful eye on the execution of "Apple Intelligence" and its impact on user experience is prudent. After all, in the world of technology, even the most brilliant ideas can falter without flawless execution.
I went long aapl this morning near the low take profits now the chart posted was an easy trade this morning with so many long puts trapped at the low the calls were a free $ day 21 % gain in my calls look now for a pull back in aapl to buy long next week I have a cycle peak in VIX best of trades WAVETIMER
APPLE Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 196.91
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 188.16
Safe Stop Loss - 201.94
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Nvidia Races Ahead: Can It Lead After Apple Stock SplitNvidia Races Ahead: Can it Maintain the Lead After Apple's Stock Split?
The tech world is abuzz with the news of Nvidia's staggering outperformance of Apple's stock price in 2024. Annually, Nvidia has surged a remarkable 190+%, leaving Apple in the dust with a meager 19% gain. This stark contrast comes just ahead of Apple's highly anticipated 10-to-1 stock split, raising questions about the future performance of both tech giants.
Nvidia's Stellar Rise: A Chip Powerhouse on Fire
Nvidia's dominance can be attributed to its position as a leader in the booming semiconductor industry. The ever-growing demand for powerful graphics processing units (GPUs) for applications like artificial intelligence, gaming, and data centers has propelled Nvidia's growth. Their cutting-edge technology has made them the go-to choice for tech enthusiasts and professionals alike.
Apple's Stagnant Growth: A Maturing Giant?
While Apple remains a tech behemoth, its stock price hasn't mirrored the explosive growth seen in other sectors. This could be due to a number of factors. The smartphone market, a cornerstone of Apple's success, has reached a saturation point. Additionally, competition from other manufacturers, particularly in the Chinese market, has intensified.
Stock Splits: A Psychological Boost or a Price Trick?
Stock splits themselves don't change the underlying value of a company. They simply increase the number of shares outstanding while proportionally reducing the share price. However, stock splits can have a psychological impact on investors. A lower share price can make the stock appear more affordable, potentially attracting new investors and boosting short-term trading activity.
Volatility Ahead: Will Apple Reclaim Its Throne?
Apple's upcoming stock split has the potential to introduce significant price volatility in the short term. The lower share price might entice retail investors, leading to a temporary surge. However, long-term performance will depend on Apple's ability to innovate and tap into new growth markets.
Beyond the Numbers: A Look at the Fundamentals
While the current stock price performance paints a clear picture, a deeper analysis of both companies' fundamentals is crucial for long-term investors. Here are some key aspects to consider:
• Product Pipeline: Both companies have a history of successful product launches. Analyzing their upcoming product lines and potential disruptions will provide insights into future growth prospects.
• Innovation: Continuous innovation is vital for sustained success in the tech industry. Evaluating each company's commitment to research and development will shed light on their ability to stay ahead of the curve.
• Market Expansion: Identifying new markets and customer segments that either company can tap into can be a significant growth driver.
The Verdict: A Tale of Two Tech Titans
Nvidia's current lead is undeniable, but Apple shouldn't be counted out. The stock split has the potential to reignite investor interest in Apple, and its brand loyalty remains unmatched. Ultimately, which company emerges victorious will depend on their ability to navigate the ever-evolving tech landscape, deliver innovative products, and expand into new markets.
For investors, this is an exciting time to be in the tech sector. By carefully analyzing both companies' fundamentals and long-term strategies, investors can make informed decisions about where to place their bets. The race between Nvidia and Apple is far from over, and the coming months will be a fascinating test of their respective strengths and resilience.
$AAPL $181 Target by the end of the next 20 trading daysVery simple. 10D candles show practically the same thing. I guessed the run up, now let's get the run down. Pullback neccessaryfor higher prices come late summer before another pullback come mid August. MACD has bearish divergence and also hitting resistance. RSI making lower highs as well.
APPLE: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the APPLE pair which is likely to be pushed down by the bears so we will sell!
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Nvidia Scores a Knockout: Chipmaker Topples AppleNvidia Scores a Knockout: Chipmaker Topples Apple to Reach $3 Trillion Throne
In a stunning shift of the tech world's power dynamics, Nvidia Corporation (NVDA) has dethroned Apple (AAPL) as the world's most valuable company by market capitalization. Surpassing the $3 trillion mark for the first time ever, Nvidia's meteoric rise signifies the transformative power of artificial intelligence (AI) and the chipmaker's strategic positioning at the heart of this technological revolution.
From Graphics Giant to AI Powerhouse
Nvidia's journey to the top isn't a tale of overnight success. The company built its reputation on high-performance graphics processing units (GPUs) - the workhorses behind smooth gameplay and stunning visuals. However, a fortuitous discovery changed the game. These same GPUs, designed for complex graphics calculations, proved remarkably adept at handling the intricate computations demanded by AI. This adaptability propelled Nvidia into the AI arena, where its chips are now powering a vast array of groundbreaking applications.
Fueling the AI Engine
Several factors have converged to create a perfect storm for Nvidia's growth:
• The AI Explosion: The global AI market is on an exponential growth trajectory. As AI infiltrates diverse industries from healthcare to finance, the demand for Nvidia's powerful GPUs is expected to skyrocket. Self-driving cars, facial recognition systems, advanced medical research – these are just a few examples of the areas where Nvidia's technology plays a critical role.
• Gaming Goes Beyond the Console: The gaming industry, a long-standing customer base for Nvidia, is experiencing a renaissance fueled by cloud gaming and virtual reality (VR). These advancements necessitate ever-more powerful graphics processing, further solidifying Nvidia's position within this lucrative market segment.
• The Crypto Craze: While a volatile factor, the ongoing cryptocurrency boom has undeniably boosted demand for Nvidia's GPUs, as they are well-suited for cryptocurrency mining. This additional demand has contributed to Nvidia's recent surge.
Can Nvidia Maintain its Momentum?
While Nvidia's current market valuation is a testament to its success, questions naturally arise about its ability to sustain this extraordinary growth trajectory. Here are some key considerations for the future:
• The Competitive Landscape: Nvidia's success has attracted the attention of rivals like Intel (INTC) and AMD (AMD), who are pouring resources into developing their own AI-focused chips. Maintaining its technological edge will be crucial for Nvidia to stay ahead of the pack.
• Market Fluctuations: The tech sector is notorious for its sensitivity to market movements. An economic downturn or a shift in investor sentiment could potentially trigger a correction in Nvidia's stock price.
• Innovation as the Lifeblood: The rapid pace of technological advancement demands constant innovation. Nvidia must prioritize research and development to ensure its products remain at the forefront of AI technology.
A New Era for Chipmakers
Nvidia's ascension to the $3 trillion mark signifies a pivotal moment for the semiconductor industry. It underscores the immense potential of AI and the critical role chipmakers play in driving technological innovation. As the world embraces AI at an ever-increasing rate, Nvidia stands poised to play a central role in shaping the future. However, the company's continued success hinges on its ability to navigate a competitive landscape, prioritize innovation, and weather potential market fluctuations.
Apple partners with OpenAI to enhance iPhone AI capabilitiesApple Inc. has reportedly reached an agreement with OpenAI’s Sam Altman, marking a significant step for Apple in the artificial intelligence domain. This partnership will be officially announced at Apple’s upcoming developer conference next week. The collaboration involves integrating ChatGPT into the iPhone operating system, aiming to enhance the functionality of Apple services significantly.
This strategic alliance not only aims to boost the development trajectory of both Apple and OpenAI but also adds a symbolic touch as Sam Altman returns to the conference where he once participated as a developer 16 years ago, now appearing in a vastly different role.
Examining the investment potential, let’s review the technical analysis of Apple Inc. (NASDAQ: AAPL):
On the Daily (D1) timeframe, Apple’s stock has surpassed the resistance level at 192.70 USD, establishing support at 186.65 USD. The stock has been in an uptrend since the end of April 2024. If this trend reverses, a potential downside target could be 175.00 USD.
If the current uptrend maintains its momentum, a short-term investment with a target of 205.00 USD upon a rebound from the resistance level could be an opportunity. For a medium-term investment, the stock price could potentially rise to 220.00 USD if the upward trend continues.
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APPLE (AAPL)Apple's innovation shown in iPhone 14 is not likely enough to entice consumers to stretch their budgets in the current macroeconomic environment
40% of Warren Buffett portfolio still belongs to Apple?! for most people and traders I think its a slow asset class and like Tim Apple! sorry Cook ,Warren like to play safe too
Apple price showed a good reaction to 135 support and now heading to 149, for Scalpers breaking 150 resistance can be a good long opportunity and for investors AAPL still can back to 125$ levels so
there is no reason to fomo
NQ - That's about it?When NVDA surpass AAPL in market cap, the clown fiesta is ready to conclude itself. The ration of $CME_MINI:NQ1!/CBOT_MINI:YM1! has far surpassed its high back in the dot com crisis, and the collapse is a matter of time.
When we have both S&P and Dow Jones underperform Nasdaq that much, and we have a crazy high concentration on mega market cap companies, it's obvious a huge pullback, or recession, is on its way.
Not only the "Mag 7", Nasdaq is solely a casino for "semiconductors". Everything else is seriously irrelevant to the index movement at all.
Thus, I believe this shall be the ultimate chapter for a crazy long bull run, and bears will be back.