olajide11
Short

IS APPLE SHARE GOING TO $200?

BATS:AAPL   APPLE INC
246 5 2
Am not seeing why Icahn is buy $500 million shares of Apple             . I guess this guy is part of market marker come out with force news to change investor mind. Analyzing the Apple             share i find out that the price action as established the downward trend based on the Fibonacci calculation. 1. from the general long term trend from 2008 low of (78.82) to 2012 high of (704.35). The price action retrace 50% at (391.64). and the next targeted level may be 0.78% at (212.70). Also the price action retrace back the 61.8% to (582.30) of a bearish from high of oct             2012 (704.35) to (391.64) low of may 2013. However we have a bearish flag that as been broken due to earning disappointment. harmonically Emerging gartley formation may lead it to our targeted price (212.70) at 1.902 Fibonacci Extension of previous bearish moved. Also RSI is over bought and we have it break down. and the SMII currently cross down while AO is at the red zone. putting all together we stay bearish .
I like your chart, but i think it would be better if you zoomed in back to the daily chart and did your fibs there first, todays drop went right to the 1.272 extension, ABC correction completed (pending confirmation of course)
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ThisTejas ThisTejas
AAPL - Beware the Fade & Evade
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ThisTejas ThisTejas
if aapl makes a sustainable move below 455, your chart will be very interesting, thank you for sharing
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Nice chart but in order for Apple to go to 200 per share someone is going to have to burn through all that 160 billion cash 1st.
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JRG mattlamb
We can burn that stuff as good as anyone.
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