CapitalHubs
Long

Apple seasonal patterns with strong predictability power

BATS:AAPL   APPLE INC
2245 30 8
Apple             proved to be strictly trading in seasonal pattern. From the observation of daily chart since mid 2009 we could state that there are two repeating patterns every year since 2009. The first is a bullish market which usually starts during autumn (September-November) and lasts until spring (April). The second is consolidation period which occurs in summer months. This relationship has been extremely strong for the observed period.

The last bull market started Nobember2011 and continued until April 2012. Since then we are in the period of consolidation/correction. If above mentioned patterns are to be repeated again we could expect current correction end in autumn 2012 (Sep-Nov period). This means start of new bull market with entry point $500-$530, determined by the parallel channel support line and 200 day moving average cross point. History has proved that whenever AAPL             price touches the 200 day MA the buy signal is indicated. If we assume 50% gain, the target price is $750.
Note: The chart is in log scale.
Richie3000
4 years ago
nice analysis!
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dgloba PRO
4 years ago
Good point.
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goalieperson
4 years ago
Good one, exactly what I am thinking!
Reply
charttrader PRO
4 years ago
Thank you very much for sharing this. I'm going to buy apple but based on your analysis it makes a perfect sense to wait.
Reply
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