bearish on aaple short termwe are still not out of inflation, feds have predicted that this year will turn and we will be at a reasonable point, but we aren't there yet. that causes consumers to be on the savings side rather than buying for now. apple has a huge following, understood, but coming out with higher end phones at higher prices doesn't seem to make the most sense in the situation. people are getting less features for a higher price, with a better camera sure... i know im going to be ridiculed for being a green bubble on their phones but at least for the short term, doesn't seem like they have many "innovative" ideas that aren't already in other phones on the market. this is just my two cents. we're getting into folding screens, Samsung has DeX which allows users to have a desktop environment when plugged into a tv or monitor, or stream it over the air...
i will say, the processors that apple have been dishing out have been nothing but extraordinary, and the universal chips through iphone/ipad/macbook make the absolute most sense since they can massively cut down on cost and waste. all while on good silicon and providing very good battery life (as long as software doesnt bog it down)
short term... looking down, but i've always respected apple to keep in line with their audience and probably release some good numbers in the quarter coming with the M2 pro chip coming out
Iphone
What happens next for AAPL?As you can clearly see on the chart, the AAPL price has been bouncing back-and-forth between 2 lines (“support” & “resistance”) dating all the way back to 1981!
However, with these 2 lines quickly approaching a point of convergence as the AAPL price approaches a new ATH, something’s gotta give.
And so I ask - what happens next?
APPLE confirmed a bullish extension. Potential for $167.Apple Inc. (AAPL) broke on Friday above the 1D MA50 (blue trend-line) following the strong rebound after Wednesday's big drop on the monthly inflation (down -0.5% to 7.7%), fueled by hopes of a future monetary easing by the Fed. Even though technically the last rejection was made on the 1D MA200 (orange trend-line), it is the 1D MA50 that confirmed the bullish extension during both July 07 but mostly March 22, which is the fractal that resembles the price action since mid-August the most.
With the RSI sequences between the two quite similar, it appears that we are in that final phase that will form the new Lower High on the Lower Highs trend-line since January 03, which has been basically the Resistance of this whole Bear Cycle. The March 2022 rally topped above the 0.786 Fibonacci retracement level. That is now on $167.45, with the January Lower Highs trend-line extending even above $170.00. Solid medium-term buy opportunity for Apple.
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InvestMate|🍎Apple's time to shine🍎🍎Apple's time to shine🍎
🍎 The week of third quarter financial results is upon us. On 27 October, we will find out how Apple's reports stack up.
🍎 The tech industry is already thundering about the desire to cut jobs. Apple is one of those companies that eschews these rumours, definitely standing out from its Silicon Valley competitors. Instead, there are reports that Apple is reducing production of its flagship smartphones.
🍎 From a technical point of view, things are looking very good for Apple.
🍎 It is one of the few companies that has not broken through the new lows set in June at $129 per share.
🍎 We have seen a big slide in price over the last 2 months. We then fell to a double bottom and last week the massive buying of shares started.
🍎For the last 2 weeks we have seen a rise of 10%
🍎We have broken out of a strong support zone.
🍎 Looking from a technical point of view, the way to the 156-160 level seems open.
🍎 Looking at the Fibonacci measures in the zone between 160-162, we have created an interesting cluster of levels that the price will have to reach if we are talking about growth and good performance of the company. It will be an increase of almost 9%
🍎There are two options for position management here, one risky with a stop at $140 per share and the other safe with a stop at levels of 137.5
🍎 With a take profit level at $160 per share.
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APPLE - BULLISH SCENARIONASDAQ:AAPL has a "high" Earnings Quality Ranking for the 36th consecutive week. Earnings quality refers to the extent to which current earnings predict future earnings. NASDAQ:AAPL Introduces Next-Generation iPad Pro, Supercharged by the M2 Chip on the 18th, and the news was reflected in trend reversal formation on the chart.
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Apple - Will next earnings reinforce the selling pressure?After the 242% run-up from its lows during the 2020 crash to its high in January 2022, Apple gave up almost 20% in regard to the current value. In addition to that, the introduction of the new iPhone 14 has not created much hype among consumers and market participants. Since the release of the new product, the price has continued to be choppy and seemingly returning to its 2022 lows.
Because of that, we will continue to monitor the Apple stock in the coming weeks and provide a more detailed update on the price and its potential future direction. However, at the moment, we abstain from setting a price target for this stock title.
Illustration 1.01
Illustration 1.01 displays the daily chart of Apple stock and two moving averages, 20-day SMA and 50-day SMA. In addition to that, two yellow arrows point to natural retracements toward the price's moving averages, acting as a correction of the downward move. If the price fails to break above the 20-day SMA and then subsequently above the 50-day SMA, then it will add to a bearish consensus.
Illustration 1.02
The picture above shows the weekly chart of Apple stock and two simple moving averages; now, 20-week SMA and 50-week SMA. The yellow arrow pinpoints the similar retracement toward (and even above) these SMAs; in this particular example, the retracement represents a strong correction of the downtrend.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
AAPLE -50% of June rally lost. Will it recover on the 2019 fractApple (AAPL) has fallen more than -17% from the mid-August High, losing more than half of the gains made on the June 16 rally. Right now it is exactly on the 0.5 Fibonacci retracement level on that High-Low sequence and on top of that a Golden Cross pattern is emerging (when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line)).
We have explicitly outlined this potential fall to the 0.5 Fib if the price got rejected on the Lower Highs trend-line from the All Time High, on our August 17 idea:
As you see the timing couldn't be better as those where the days that the top was formed and the price got rejected. The last time we saw a similar pattern was on the June 03 2019 test of the 0.5 Fib. That was also caused by a rejection near the 2018 Lower Highs but the Golden Cross was formed a little earlier. After a marginal breach of the 0.5 Fib (such as the one we had yesterday), Apple resumed the uptrend and the recovery path.
See also the similarities on the RSI (1W time-frame), though this time it got rejected slightly below the Resistance level it did back in May 2019. This may possibly mean that we can see a rebound slightly higher than the symmetrical Support level. Another closing below it though can initiate an aggressive sell-off towards June's lows. In our view it is critical to see the Golden Cross forming, which should encourage buyers to accumulate.
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Apple '20, '21 and maybe in '22?There seems to be a pattern in the chart, in the past two years, months before the launch of a new iPhone, Apple's stock price seems to be influenced by the speculation that the brand creates, and weeks before its announcement there is a new ATH to continue with a drop in price between -15% and -25%, after that drop there seems to be an opportunity to open a position for the next few months until the next announcement (2020 : 50%, 2021 : 25%)
Will this opportunity be repeated this year?
APPLE on key Resistance. Failure to break can result to $150.Apple Inc (AAPL) has been on an incredible +35% rise since the June 16 Low. It is trading above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The 1W RSI broke last week above the 60.00 barrier for the first time since February 08. However despite the positives, here comes the most important Resistance test of all that will largely determine entering a new Bull Cycle or staying inside the 2022 Bear.
That is the Lower Highs trend-line of the January 03 All Time High (ATH). As you see, Apple hit that trend-line also on March 29 and got rejected. A similar pattern was last seen in late 2018 - early 2019 at the peak of the U.S. - China trade war. If we apply a similar Lower Highs trend-line, we see that the Jan- April 2019 rally failed to break it and got rejected back to the 0.5 Fibonacci retracement level, before the next double test broke above it into a new Bull Phase.
In a similar fashion, we expect Apple to have a strong rally if the Lower Highs trend-line breaks, but if rejected, test the 0.5 Fib which is at $150.00. Notice the importance of the Death/ Golden Cross formations but more importantly the symmetrical Resistance/ Support levels of the 1W RSI between 2019 and today. This can be an additional roadmap of rejection and where to buy then.
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AAPLE holding the 1D MA50, targeting 158 short-term.Apple (AAPL) had a very strong 1D green candle yesterday, rebounding off the 1D MA50 (blue trend-line), which has been the Resistance since April 21, turning it into the Support. The break-out took place after the RSI on the 1W time-frame broke above its MA line on the widest margin since January 04. With the 1W MACD about to make the first Bullish Cross since November 18 2021, this could be the long-term buy signal that the market has been waiting for, for a sustainable recovery.
The technical short-term target is the 1D MA200 (orange trend-line) at around 158.00. The Fibonacci retracement levels can provide the next targets and pull-back/ buy levels. Overall the stock has the potential to reach its All Time High level before the end of the year.
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Expected Key Points Apple 12 May 2022Apple 12 May 2022
The current implied volatility is at 42.55%/year
So that converted into daily is 2.68%
The close of yesterday was 146.5
So based on that our channel for today is going to be compressed within
TOP 150.5
BOT 142.5
with a probability chance of 79% based on the last 3007 candles
From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish.
Oooh no AAPL is also biting the bullet
NASDAQ:AAPL
Looks like Apple can't keep up the fight and it's about to take a dive as well.
News:
Apple doesn't seem to be able to take a break from lawsuits. But realistically, the lawsuits have not really impacted the price. So, I'm not too concerned with the EU lawsuit.
Charts:
EMA ( Exponential Moving Average ): Price action just finally joined the rest of the stock market below the 200 EMA (discount buying opportunity) Price is also below 20/50/100/200 EMA and are all pointing downwards! And yes, the death cross occured on April 28th; last week. How long would the 20 EMA stay below the 100 EMA? We are yet to find out.
TTM Squeeze: Squeezing to the bottom and to make matters worse, the price action is breaking a major support line (super trendline; at the bottom of the Rising Wedge pattern).
Fib Levels: If the price crosses below .618, then there is a huge possibility that we will see the price at the 1 fib ($144).
Candle Stick: A 3 black crow in the making; very bearish.
RSI: At 37, and slow stochastic pointing down, there is a probability that it would touch 30 which also mean that the sell momentum is still hot! But it is not yet over sold. I would would not be selling my shares because of the upcoming Dividends. I got in this for the faucet as well.
Pattern: The current candle closes green, it would be a double bottom but I'm not sure that will happen. Longterm, we have a Rising Wedge but in the short-tem it's a descending triangle? I don't know mann... Apple is putting up a good fight.
History: Forget it, best stock in the market!
AAPL ShortAAPL had an impressive run with the bearish market upswing, even the most beatdown stocks finally gained some traction; however, they've been unable to turn the corner. End of March (the quarter) is upon us so this could have been some nice window dressing price action by the hedge funds to help show some progress in returns. In any case, who cares "why" the markets move -- the focus is "how are the markets and to price action."
The Risk On in the markets are discounting everything, even the fractures in the economy, which everyone in the administration keeps saying "strongest ever" but fail to talk about the continuous expanding of the M2 Money Supply, etc. I digress.
Those March 15th lows are going to be retested by the high beta QQQ / NDX stocks, so be prepared to take advantage.
Pump and dump eetStagflation means the world cannot afford new iphones. This means profitability will go to shit very soon.
In the short run, profits increase due to price increments. But in the long run, these price increments cannot be afforded owing the impending inevitable recession and stagflationary forces mean the price of goods rise faster than wages. Hence, overall spending in society will decrease.
Price goes down as a result.