Apple's Impossible to Believe Run to 315Chart says it all. Target 315-320.
Then we short the heck out of it.
Iphone
Best Buy Rallied. Here’s the PullbackElectronics chain Best Buy has been working hard not to become a dinosaur in the retail ecosystem. Following the model of larger rivals like Wal-Mart Stores and Target , BBY has used new services like product support and in-store pickup to keep shoppers in its locations.
The change worked last quarter, driving the stock decisively above $78 for the first time in more than a year. It’s now pulled back and retraced more than half that rally. Still, old resistance could be turning into support as BBY holds $78.
Like IWM yesterday , this level could provide an interesting risk/reward if traders are disciplined enough to cut losses below it. Above $78, trend followers may look to accumulate the retailer – especially with management optimistic about the holidays and new gadgets coming next year.
Apple SHORTWe have an incredible opportunity to short the stocks of Apple. Just look at how distinct are the divergences between the price and oscillators, i believe 2020 will be a tough year for Apple. We can expect a decline all the way down to $150. Someone is going to make a big money.
Is Apple overbought after a huge run? Apple has been ripping thanks to strong demand for its iPhone 11. The move began in early October after suppliers reported a surge of orders. Then AAPL reported strong quarterly results on October 30 as users fell in love with wearable devices and signed up for new services.
But has the good news been priced in for now? Some chart studies show AAPL is potentially at some historically overbought levels. See the white dotted lines on the lower studies.
Stochastics are at the top of their long-term range near the maximum 100 reading.
RSI is pushing 80, which marked tops most times in the past for AAPL.
This chart additionally has a custom indicator showing AAPL’s distance from its 50-day simple moving average (SMA). Its value around 13 percent is also near the highest levels over the last 3-4 years.
AAPL has a lot of positives working in its favor, especially buybacks and the prospect of 5G phones next year. But it’s now getting up toward levels where some traders may start trying to lock in their gains.
AAPL SHORT OPPORTUNITY Apple seems to be reaching its major resistance trendline. Seems to be overbought with higher RSI and Simple moving average. Apple, in general, follows this particular channel that I posted not too long ago. Since its the same channel, historical patters will show a bearish outlook of the stock due to its current price mark.
aapl card partnership outpreforms spy?The aapl card is a partnership between aapl to encourage people to use iOS 13's new wallet app and get a credit card backed by goldman with mastercard as the payment handler.
iOS 13 goes live on 9/16/19
If you want the aapl card my advice to you is opt out of arbitration: www.cnbc.com
MA is looking into blockchain solutions and is actually preforming better vs visa the larger market cap competitor by some metrics.
GS preformed well vs other banks in 08
GS also refused trump loans www.wsj.com
'At Goldman Sachs Group Inc., bankers “know better than to pitch” a Trump-related deal, said a former Goldman executive. Goldman officials say there is little overlap between its core investment-banking group and Mr. Trump’s businesses.'
AAPL is what I use every day, it's nice and the 11 pro max just announced
there are obvious trade war risks right now but I expect spy out performance
manage your own risk
gl hf
AAPL clearer picture towards the upsideWith apple's latest release of the iPhone 11 as well as current market structure, we are expecting to see a Apple hit the support region to then bounce back and reach reach the high it has set earlier on the year, this is a multiday and even weeks trade, however when using these smaller time frames it allows ease of understanding current short term structure and allow entry and exit points for those trading options. It is also important to note that this year's iPhone sales are expected to be quite strong compared to last years which will lead to an increase in the price of the Apple stock. There may be certain scenarios that may also play out such as President's trump possible impeachment or at least inquiries which may increase market volatility and may break structure if any further developments happen so be wary of these events and trade with caution.
Asian Stocks Mixed As iPhone 11 LaunchesAsian stocks on Wednesday have a mixed morning trade. Also, Apple suppliers outperformed after the iPhone 11 reveal event, which they held overnight in the United States.
China’s Shanghai Composite dropped by 0.3%. On the other hand, the Shenzhen Component fell 0.1%.
Aside from that, going to the U.S.-China trade war, China has offered to buy more U.S. agricultural products as an exchange for the delay in tariffs, according to a report from South China Morning Post. And it asked for the easing of a supply ban for Huawei.
Then, more from Asian stocks, Hong Kong’s Hang Seng Index rose by 0.3%. Japan’s Nikkei gained 0.6%. And South Korea’s Kospi was up by 0.7%.
Moreover, Australia’s ASX 200 climbed 0.1%. And this happened even though a survey displayed consumer confidence slipped 1.7% to 98.2 in September.
Bill Evans, a Westpac chief economist, stated, “Pressure on finances and concerns about the near-term outlook weighed on sentiment.” He also explained the concerns regarding the economy’s state, the international backdrop, and employment are seeing consumers become warier.
The New iPhone of Apple
Meanwhile, going far from Asian stocks, Apple Inc.’s lower price tag and new features might not be enough to win customers in China. The country is the largest smartphone market in the world. And it is already cramped with cheaper and feature-packed competitor handsets. The tech giant just launched its latest iPhone 11 series.
In addition to that, Apple revealed three new iPhones in California. And on Wednesday, it met a limp reaction from analysts and on social media in China. Also, this is the country the U.S. has been losing ground in recent years to rivals.
Tracker of China’s phone market Will Wong stated, “More competitive aggressive pricing and a better camera would be its selling point. But the market is still full of challenges, both market competition and macroeconomic factors.”
The iPhone 11 of Apple has two back cameras. And it includes an ultra-wide lens and the next generation of microchips, the A13.
Apple's presentation of the new iPhonethere is a proverb:
growing on expectations, falling on facts.
I think the campaigns of the eppl campaign are no exception.
I think the new iPhone will give investors confidence in stock growth.
As a friend recently said shortening in the stock market, it usually ends with a drain of the deposit.
Long is preferred.
stop for the breakdown line; the target is at least a test high.
Apple Short : "How do you like them apples? Apple Sauce Bitch!"Well, New Iphone is upon us!!!
Will Apple fall of a cliff now?
We shall see
Apple to fall despite tuesday release?Apple jumped into a "zone" last week. Last two times we seen a pretty good drop from this area. We also have a "gap fill" possibility below. I like bearish positions on this with break out the bottom of the zone, played back to the EMAs and possible further. With NQ looking bearish just adds a bit more confirmation.
The BIG $AAPL. 200ma daily broken?!So so the BIG Apple.
Above the 200ma on the daily, look in history what happens then…\u2028\u2028Would be surprised if the 0.618 acts like a big resistance. So my target should be 0.786 fib. Could play nice out. 50MA on weekly under the candles so what could go wrong?
Target would be like I said the 618fib, $210-$215
APPLE INC. EW Analysis.Catch the dip @ 38.2%/50%/61.8% retracement points.
261.8% target remains a possibility but seems less likely for bullish target, 425% seems more likely.
Goodluck
200 EMA AAPL Buying OpportunityAmid the downgrade to sales beginning of the month I still like this name, especially how it is reacting around 200 EMA, good time to pick up at this low price..
AAPL - Apple stocks fall 125-135$NEWS: Apple the first time it has issued one since 2002
drop of -9.96%
AAPL Technical Pattern: Dark Pool Rotation AFTER Earnings SeasonOne of many things I strive to teach my students is to watch what happens to a stock immediately AFTER an earnings season. This is the telltale activity of the Dark Pools who prepare for the next earnings season weeks ahead of those reports. So when AAPL started showing signs of large-lot rotation in September and into December, that was your cue that this big bellwether had slammed into a Market Saturation Phase hard, very hard.
CEO Tim Cook warned this morning that quarter 4 of 2018 is going to have significantly lower revenues. AAPL has been making minor enhancements to its iPhone for years and running on fumes without any new exciting products coming through. And NO, the Augmented Reality it has hurriedly rushed to promote is not true AR and will not likely help the Market Decline Phase. It could take a long time to recover with no new technology emerging from this company for this year or longer.
AAPL (APPLE) Following Interesting Long-Term Channel!!IG: @BULLRINGANALYSIS
Easy to say/noted that AAPL has been following an upward trend & triangle pattern for some time now. The beginning of 2019 will be interesting for apple to say the least after massive drop in late 2018. Despite the drop, Apple has MUCH room for growth.
P.S : RSI Levels in good position for upward movement
not financial advice
Apple Dropped From The Tree. EUREKA..This chart suggest me Here We Have A BUBbbLLEE..
aNY NEW tech from apple ?
Phone same phone.
So what the stock price is that man.
Come on. BUBBBLEE..
BiG SHort.
CATCHING ANOTHER BOTTOM THIS TIME APPLE?I believe we hit the bottom at 198 USD
The ABC correction down is finished touching the 1.272 fib at 198 USD.
RSI is already turning up, on the lower timeframes, daily is about to follow.
Also we have a triple bottom on the RSI, on daily.
Target is the previous resistance at 230 USD.
Great Ending of a era... This candle formation looks for me not a rally.. This is a rally finishing candle for me..
