YaKa

Apple - Final target possibly 145/150 in July but now correction

NASDAQ:AAPL   Apple Inc.
215 3 3
.
Few questions regarding the correction:
- Why now? (Time)
- How low? (Price target)

*defining any of this would be helpful since the share price can test the lower channel at any point in time. Hence, a lack of price or time target would make this graph, less insightful.


Reply
YaKa PRO Flubberpants
why now:
1 - it reached the upper channel
2 - 130 is an important level in fibo terms (161.8 % of the 2012 correction
3 - it climbed 6 weeks (same time frame than oct/nov14 rally.

How low: i dont know for sure.
if there is another leg up to 145/150, 120 will probably retain and the correction coudl be shallow.
it could also be a flat and long lasting correction that goes reach the line.




+1 Reply
Thanks for allowing to pick your brains - interesting to see that you use time frames in your charting (point 3).

I trade using ichimoku a fair bit and will be waiting for more confirmation before moving into a position.

Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out