With an overall bullish trend seeing a rise of over 1,955% in the space of 11 years,
Apple has seen some impressive growth.
Thanks to new popular products such as the iPhone and iPod, the growth continues and doesn’t
appear to be slowing down anytime soon.
Along the journey to the top, price has stumbled a number of times along the way in the form of pullbacks.
Following the 744% rise from November 2008 to September 2012 we saw a decline of 43%.
The 145% rise in April 2013 to April 2015 wasn’t as huge but was still classed as a strong
trend and following this, price declined 32%. The next advance of 159% saw a sharp decline of 39%.
Each of the pullbacks following strong trends came to find support around the weekly
200 simple moving average , and has seen an average decline of 38%. This pattern appeared to
work like clockwork and would have gifted traders who could identify this pattern with an abundance of profits.
Price broke above the previous all-time high of $233, from the high created in October 2018, earlier this month.
There may be further moves to the upside over the next few weeks and months as we
have only seen a rise of 75%. In comparison to the previous trends, the minimum rise
we have seen is 145% but a similar move is not guaranteed.
As price is creating new all-time highs, there is little resistance in the way except for round numbers.
The next round number is $150 which is currently less than a dollar away from where price is now.
If price can easily sail through and above this round number, then we may see price move
towards $300 and even beyond.
Now that the S&P 500 has started to create new all-time highs, the odds are in favour of a longterm bull trend.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Apple has seen some impressive growth.
Thanks to new popular products such as the iPhone and iPod, the growth continues and doesn’t
appear to be slowing down anytime soon.
Along the journey to the top, price has stumbled a number of times along the way in the form of pullbacks.
Following the 744% rise from November 2008 to September 2012 we saw a decline of 43%.
The 145% rise in April 2013 to April 2015 wasn’t as huge but was still classed as a strong
trend and following this, price declined 32%. The next advance of 159% saw a sharp decline of 39%.
Each of the pullbacks following strong trends came to find support around the weekly
200 simple moving average , and has seen an average decline of 38%. This pattern appeared to
work like clockwork and would have gifted traders who could identify this pattern with an abundance of profits.
Price broke above the previous all-time high of $233, from the high created in October 2018, earlier this month.
There may be further moves to the upside over the next few weeks and months as we
have only seen a rise of 75%. In comparison to the previous trends, the minimum rise
we have seen is 145% but a similar move is not guaranteed.
As price is creating new all-time highs, there is little resistance in the way except for round numbers.
The next round number is $150 which is currently less than a dollar away from where price is now.
If price can easily sail through and above this round number, then we may see price move
towards $300 and even beyond.
Now that the S&P 500 has started to create new all-time highs, the odds are in favour of a longterm bull trend.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
