the of aapl .
1> after the earnings' gap, we got the second one between Aug 4 and 5.
2> in the on the attached chart, those candles look like in a . (the only drawback was the on Aug 16).
3> the pattern of Aug 18 and 19 was a one.
4> the candle on Aug 19 was sitting on a support.
5> reading is fairly high. getting ready to go short.
6> on Aug 25, the Fed will have a symposium in Jackson Hole.
All the best to traders and investors!
the hourly chart shows AAPL was in an up trend today (on Aug 25 before the J-H meeting)
1. the close price is right above the support.
2. there is a gap between 106 and 106.25
3. since Aug 5 (when the gap opened up), most of prices have been inside the bell shape curve.
after a volatile day, the hourly chart still shows some bullishness towards next week (the month end of August)
1. the gap on Aug 5th is a support so far.
2. there is RSI div on hourly chart, expect the price would move up to 108~110 area by the month end, but it could go down at the beginning of Sept.
3. the last hour candle wasn't too bullish. but after-hour price didn't drop.
AAPL starts showing some bullish strength at the end of the day. hopefully, the job data released tomorrow will support the market uptrend. AAPL can go back to 108 territory before launching iPhone 7
On the another hand, the gap could be a support. i'd like to see if there is a pullback in the early next week. cuz the hourly chart shows a minor divergence.
Even if we had a price drop on Friday, the weekly Renko still remains bullish for the long term. So expect AAPL would be volatile within a range before the Fed making decision on the int rate hike.
Good luck in the next week trading!
it's incredible to see that AAPL price rose from 102.56 to 116.06 within a week. On Friday, the hourly candle closed below the conversion line of ichi which was bearish to me. there were two wicks on Friday as well. hence, i expect to see a pullback in the next week. the money flow and volume will be crucial. Good Luck to all AAPL traders!
on the 4h chart, the gap from Sep 15 had been closed right after the cash market open. during the day, aapl didn't test $116 again. EOD closed one cent lower than yesterday's close. Looks like the market has not made a decision yet due to BOJ and FOMC meetings. aapl could go higher, but those indicators show it would have not much room to go higher. expect aapl would retrace to $109 ~ $110 before the month end. still hold short positions. wish me good luck ^_^
After FOMC speech, AAPL started moving up and closed at 113.51. from here, it could go either up or down. partially covered some short right before FOMC
today, the price had been pushed up and left a gap at the open. on the 1H, the last price is on a support (EMA 5). hence, leave a space for both bears and bulls on Friday. it should be interesting on Friday.
now i am gonna share my AAPL observation with you all.
as you know, before iPhone 7/7+ launched, aapl spiked up over 10% within a week. This week, it cooled down. On Sep 22, Stoch appeared aapl overbought on hourly chart. On Sep 23, a report on the decrease in iPhone 7 sales triggered a selloff in the afternoon. (http://news/articles/2016-09-23/apple-sl...) likely this would send aapl to $109 ~ $ 110 until RSI showing oversold. but keep in mind that the last three hourly candles are in the bullish cloud. https://s3.amazonaws.com/tradingview/sna...
on the daily chart, the indicators sense a bearish movement. it might be choppy toward the coming earnings.
let's see, it could be good for ranging/scalping.
enjoy your weekend!
The green zone on the daily chart is still a resistance. The price hasn't broken ema 5 yet. those indicators look bearish. would love to see testing ema 13 tomorrow
On Friday, as the last trading day of the week, the month, and the quarter, AAPL failed to closed the weekly candle above the cloud. It may take a time to break $116 and go higher.
The hourly candle was printed in the cloud, which gave a mixed signal that AAPL may test $114.
Overall, still expect AAPL would go $109 ~ $110 before heading up to $116 or higher. We need to see more price action on Monday.
$114 had been tested and got rejected on Monday. the price has been in a triangle since Monday. on the hourly chart, if breaking the downward trendline, the price likely would test today's high. if breaking ema 68, the price would head down to 112.5x. well, ema 5 & 13 looks like a resistance.
AAPL had another green day today after news 1) Apple (AAPL) Stock Up, Canaccord Bullish on iPhone 7 Demand; 2) Apple wins appeal, $120 mn award from Samsung restored (the links posted in AAPL chat) but $116 ish got rejected again by hitting the upper band of BB. expect to test $113 ~ $114 later this week, yet, the price also could move up to $117 ish where the hourly upper band of BB is so far. happy trading! :)
likely, the price could go up cuz there would be a room for moving up on the weekly chart.
just 6 business days away from the coming ER. I have two scenarios: 1. the earnings meet the expectation, the price would test 120-ish. 2. if the earnings ending by the end of August, doesn't meet the expectation, could see a decent correction, might close the gap 105~106 ( due to the launch of iPhone 7)
on 4H chart, aapl closed in the cloud. the lead 2 is a support so far. the green hammer had been formed right before the market closed. seems to be bullish. expect a setup for long and a stop loss could be set right below today's low.
on the weekly chart, the price was rejected by the conversion line which is also a support. a bullish sign to me as well.
let's see how the price will move tomorrow
finally, aapl reached 109 ~ 110 area and broke the cloud, fell down to a kumo resistance. Stoch and RSI showing "aapl being oversold", let's see if the short would take a profit tomorrow (on Friday)
if the candle moves out of the cloud on Monday, should be a long signal. if doesn't, should wait a couple of days or would go scalping short (in this case, the price likely could go as low as 111 ~ 112ish which would be very nice spot to go long)
should pay attention here, the price closed right below the gap from the last earnings. on 4h chart, the candle pattern looks bearish to me. plus RSI and Stoch readings are high. look forward to seeing how it opens on Wednesday ( the FOMC day)
such a good trading day! the candle pattern looks still bearish. indicators hint a pullback coming soon. expect aapl to close up the gap from yesterday by Friday. truly appreciate this trend :)
the trend line in orange has been tested a few times since September. on the 4h, it shows $116 as a resistance so far. plus, Stoch is still in the "oversold" territory with RSI divergence. all these are bearish to me.
on 2H chart, the last two candles (bullish engulf) were closed in the cloud with lower shadows. those indicators also show here could be a potential turning point. let's see if the cloud would be broken first in the morning
On the 1H chart, It looks like AAPL's formed a couple of "cup & handle". On Monday, expect it would test 128.5x again before crossing over $129. These are just my observation and expectation. Good Luck! :)