summer6

AAPL

Long
summer6 Updated   
NASDAQ:AAPL   Apple Inc
37

the daily chart of aapl.
1> after the earnings' gap, we got the second one between Aug 4 and 5.
2> in the rectangle on the attached chart, those candles look like in a bullish pattern. (the only drawback was the inverted hammer on Aug 16).
3> the pattern of Aug 18 and 19 was a bullish engulfing one.
4> the candle on Aug 19 was sitting on a support.
5> RSI 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!
Comment:
wait to see if the conversion line and the base line will cross on the weekly chart
Comment:
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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.
Comment:
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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.
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Comment:
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on the daily chart, the gap around 106 has been closed due to EU tax ruling.

iPhone 7 and 7+ will be launched on Sep 7th in San Francisco.
Comment:
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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
Comment:
On Friday, aapl successfully reached $108. here is the long term view. --- the weekly Renko chart. s3.amazonaws.com/tra...shots/x/X2coFBOB.png
Comment:
After a drop of 2.26% on Friday, Sep 9th, the last candle finally broke out the cloud. from $108.xx to $103.xx, it vertically crossed the entire cloud. it looks like AAPL would try to close the gap that was left by the last earnings in July.
s3.amazonaws.com/tra...shots/b/bewwy2ui.png
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.
s3.amazonaws.com/tra...shots/m/MdA3irUa.png
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.
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Good luck in the next week trading!
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all long positions had been closed early today. would like to see a pullback tomorrow. some short from $113.xx
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this morning, AAPL opened high, another gap left behind. AAPL could go to test 116.5x which is the up edge in the green area on the hourly chart. still keep the short position. cuz of the RSI divergence, expect an intraday pullback coming soon :)
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Comment:
AAPL close price hasn't been seen since last December. The RSI divergence has been carried for a couple of days. TRIX reading is lower that yesterday. Just noticed that the pattern of the last three hourly candles sounds giving a bearish tone. Look forward to seeing how the price will act on Friday, the first day of iPhone 7 sale in the stores
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it's kinda interesting on 15 mins chart. looks like more buyers today.
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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!
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s3.amazonaws.com/tra...shots/d/DW5Lx2MK.png

AAPL left an inverted hammer at the beginning of the day.
Comment:
AAPL sits on a support. expect to see a gap-down

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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 ^_^
Comment:
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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
Comment:
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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.
Comment:
Just realized I started this idea a month ago. Such a good experience. Hope traders/investors who read my update share your opinion with me, and others. :)
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. (www.bloomberg.com//n...-7-sales-outside-u-s) 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. s3.amazonaws.com/tra...shots/u/uUgJXYf0.png
on the daily chart, the indicators sense a bearish movement. it might be choppy toward the coming earnings.
s3.amazonaws.com/tra...shots/w/We4h9ovx.png
let's see, it could be good for ranging/scalping.
enjoy your weekend!
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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
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AAPL printed a bearish candle EOD. it senses what would happen tomorrow.
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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.

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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.
Comment:
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$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.
Comment:
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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! :)
Comment:
AAPL bullish trend started with iPhone 7 launched successfully, also won the "Slide-to-Unlock" Lawsuit against Samsung. Samsung recent product battery issues made this trend last longer. the price reached $118.69 last week, the highest in 2016 so far. on the daily chart, we can see RSI divergence and Trix divergence.
s3.amazonaws.com/tra...shots/s/SsKFYviD.png
likely, the price could go up cuz there would be a room for moving up on the weekly chart.
s3.amazonaws.com/tra...shots/j/jUtd6uxP.png
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)
good luck!
Comment:
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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.

s3.amazonaws.com/tra...shots/r/RfWnQW1f.png

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
Comment:
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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)
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the down trend has been developed very well. aapl would aim 105~106 area? let's see the price action in the next week.
Comment:
AAPL just closed the gap between 105~106

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good luck!
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at the end of the day, the daily candle closed above ema 200.
Comment:
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on 1h chart, the conversion line becomes a resistance, see if 111.4x~111.5x would be tested tomorrow
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the downward trend line has been respected. let's see aapl price action on the last trading day in November.

hope you're doing well.
Comment:
the price kept going down, hope 108.9x would be tested by Friday

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the monthly candle looks bearish to me. let's see if positive news on sales could boost the price before Xmas
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aapl successfully broke 110 support. expect another "down" day on Friday.

fyi: nfp will be released in about 15 hrs
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aapl tested $110 again and hadn't broken it. consider it "not-bullish".

Italy's referendum is just one day away.
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the price got rejected. should wait and see the price action on Monday. the daily chart is following.
Trade active:
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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)
Comment:
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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)
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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 :)
Comment:
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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.
Comment:
traders and investors, hope you had a great holiday and got recharged for a brand new year.

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

s3.amazonaws.com/tra...shots/s/SCMW6aUD.png
Comment:
the resistance $118 had been tested again on Friday, and rejected. on the 4H chart, the upper BB has been violated. RSI and Stoch reading are high. shall see how aapl will open on Monday

s3.amazonaws.com/tra...shots/7/7c5GTcfC.png
Comment:
there was a breakout on Monday. $118 resistance had been taken off. on the 1H chart, i see a diamond formation around $119. likely could be a sharp turn in either way, it might be a pullback since Trix 3 is below Trix 14. trade your own strategy/analysis. good luck!

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expect aapl would go down to test $117.3x ~ $117.6x. trade your strategies and good luck :)
Comment:
the cloud looks still bullish. RSI divergence has been there for a few days. OpEx tomorrow. we might see a surprise.

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Comment:
aapl didn't bring any surprise. the price still in the wedge. a patience may be all we need.

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Comment:
aapl didn't move too much because the volume only could be seen at the market opening and close. during the day, the volume didn't support the price moving up. after the price spiked at the opening, aapl left a candle with a tiny body and a fairly long upper shadow. i'd pay attention to the green rectangle area on the daily chart

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Comment:
AAPL did beat the expectation of the quarterly earnings. The trend is bullish.

s3.amazonaws.com/tra...shots/x/XlSHiFIf.png
Comment:
The uptrend remains.
s3.amazonaws.com/tra...shots/c/cNdWFjoh.png

The daily Renko has been attached.

s3.amazonaws.com/tra...shots/n/ntFkX8Kh.png
Comment:
AAPL daily candle pattern looks bullish to me even if most of indicators point down. Let's see how the trend would develop in the next two or three days. $130 ~ $131 would be crucial this week.

s3.amazonaws.com/tra...shots/c/c5iDyBSM.png

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! :)

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Comment:
An inverted hammer was printed on AAPL daily chart. There would be some price actions on the way.

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Comment:
Noticed AAPL gaped up today. But the window was much smaller than the one after the earnings. ATH may be test soon, well, it would take time. patient, and more patient :)

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Comment:
Just pay attention to the symmetrical triangle on the hourly chart.

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Comment:
look at the price action on the hourly chart. the breakout was at the apex of the symmetrical triangle, but could it go higher than the ATH? we shall see...

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