Apple: Stable Volatility + Accumulate to $193 PT SpreadDespite the volatility experienced in 2018 so far, Apple has maintained a healthy path along its overall trend lines. Opportunities to accumulate this year have been great and ranges within Fibonacci channels have held strong. Earnings season, WWDC, OLED adoption and other catalysts can help propel stock back up and into a "money zone" that should hold and allow for the stock to be traded by those looking for technical gains. The $180 resistance level has been hit and crossed and should bounce nicely if hit again during a period of market stability/momentum. Price target of $193 falls in line with historical spread of $33. Long AAPL with sustained fundamentals and technicals.
Iphone
AAPL. Possible wave count. Down then UpIt looks like AAPL is in a large wave 4 correction.
It could reach lower degree wave 4 at 142.00 (white) where it intersects with the trendline support (yellow).
It could be the last wave down soon.
Then the bounce up is expected in wave 5 as shown on the chart.
Apple: Future after iPhone 8 The journey of technology behemoth Apple, Inc. from Apple I to iPhone 7 has been a spectacular one. Its valuation crossed $800 billion this year and is onto becoming the first trillion-dollar company. It's not been a smooth ride all the way. Like every company, Apple too had to go through phases of ups and downs and failures. It too made products that flopped - Apple Portable, Apple III, Macintosh TV - to name a few. It all changed when Steve Jobs returned to Apple in 1997, 10 years after he was fired. Not many know that in 1997 the company was on the verge of bankruptcy and was saved by Microsoft, by pumping in $150 Million and ended the rivalry between the two innovators, Gate and Jobs.
Apple was once again being steered by Jobs, as an iCEO - interim CEO - hence the alphabet "I" prefixes the products he innovated as an iCEO. Apple with its iPod launch created a generation of fan followers that would go on to make their every product a success, no matter how flawed it was. iPhone 4 has call drop issues, iPhone 6 would bend when pocketed - yet, people bought them and made them Apple's success stories. Now that Apple's next flagship - iPhone 8 - launch is around the corner, and speculations are that Apple is going for a complete design overhaul, it's time to analyze the stock and try to make out what it would mean for the company and its future.
Analyzing the stock of Apple, I see it making a long-term high in February - March 2018 at price level of around $175. So multiplying it with the number of outstanding shares of 5.165 Billion gives us the approximate valuation of $903.8 Billion - guess Apple will not be a Trillion - dollar company, at least not in 2018 or anytime soon. In the following chart, I have also marked a few intermediate highs and lows - time targets at approximate, price targets do not mean much. High in the first week of October, then low in the first week of November, then High in the second week of December and the final low in the second week of January before moving towards its long-term high in.
As always, we will update when changing dynamics necessitates so.
Apple Hitting a Ceiling Today NASDAQ: AAPL has finally reached a resistance line around 132.40. AAPL has reached these levels over a year ago. Does this mean apple may fall? Yes it could, but it might finally reach an all time high soon. I would stay neutral for now; leaning more to being bearish. Check it out!
AN INTERSTING CURIOSITY ON AAPL!When someone talk about a smartphone, what is the device that your mind start to thinking?!
In june 2007 the first Iphone was released and it becames immediatly the most loved mobile of all time, in fact when a new one is coming people are ready to literally camping in front of Apple store.
The chart confirm this Trend, the popularity have started to rise since that moment and now this stock is maybe the most well known of NASDAQ and so on!
What is better of a little phone?, a biggest one: it was born the Apple tablet!
It was on jenuary 2010 and here the stock jumped on an airplane and go away from the bottom to the top!
What do you think about guys?! Will it continue to rise or maybe start to go down?!
Harmonic PRZ will be tested as AAPL prepares for Iphone 7The bearish harmonic pattern I mentioned in my previous analysis already generated nice gains as $AAPL's price declined from 108$ to below 106$ after hitting the PRZ.
Now AAPL is climbing again as investors prepare for Apple's announcement of new products scheduled for Sep 7th.
With rumors about delay in Iphone 7 launch and even rumors about postponing the Sep 7th itself, in addition to the fact that Tim Cook just unloaded significant part of his shares make me thing that this pattern can lead to even stronger move than I expect...
However, good news such as brand new and improved products can sent AAPL higher to 120$ to test the next resistance zone there.
Bulls or Bears - You know what to look for and what are your options.
This analysis is part of this week's newsletters - The Weekly Markets Analysis - Check out more trading ideas for stocks and Forex here - goo.gl
Tomer J,
The Market Zone
www.themarketzone.net
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SPY IN NEW BEAR MARKET DATAEVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after few months of the election drama. Probably 2017 after summer/winter latest. What do you think?
The Opportunity's Blackberry "BBRY" Could Be Capitalizing On. I believe, fundamentally, that blackberry is undervalued at its current share price and this is why. Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be doing.
They have come to the understanding that, "Maybe we can't keep up with Apple in the consumer market, but we're still holding up the business world, why don't we capitalize on that"; which is exactly what they are doing. With their new product the "Passport" which was announced earlier this week, they have created a device that is is targeted to people in the business world. They have adapted their business model to suit their target audience, rather than fighting to hold a weak position in the consumer market.
Another huge asset that BB has, that many others are unaware of, is their secure network that is completely "off the grid". Any sensitive information is inaccessible to the outside world for hackers to obtain. Apple boasts about their security, yet hundreds of celebrities icloud accounts were hacked simultaneously earlier this month, while their private information was published to the web.
On top of that Apples new "IOS 8" operating system has had major issues, and the latest iphone has had several reports of bending in peoples pockets. Blackberry has a window to capitalize on the mistakes of apple, but its closing. Remember when Samsung mocked apple during the iphone 5 release, for their gimmicky marketing tactics, when Samsung introduced the Galaxy s3? That campaign alone allowed them to steal a huge market share from Apple.
I strongly believe BBRY's next earnings report will be in the green. There is no reason why the Passport should flop, unless there is a catastrophic failure that has yet to be found, which is unlikely. By narrowing their target audience, they can focus their expenses, and maximize profits by wining over a particular market share. Making their product exclusive, it will inevitably become a desired product.
Buy the rumor & sell the news.Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today.
It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall.
If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max).
Next week's movement is critical here, and given Apple's market cap it'll affect S&P500 a lot from this downtrend!
This also comes at a time when gold is at a make it or break it moment (20% uptrend within next few months or a big correction downwards)
With the toppish & bubblish market, anything can burst it even if its a bullish news.
P.S: (sorry for the party popper, & enjoy your new iPhone :) )