charttrader

APPLE SOARS, SAMSUNG SINKS

NASDAQ:AAPL   Apple Inc
258 0 11
Apple’s latest success, the iPhone 6, only hit the markets on Sept. 19, but its stellar             performance preceded it by several months.

Apple             resumed its uptrend back in May and marked record highs in September. Meanwhile, its cost-cutting phone rival, Samsung dug deeper to over two-year lows. There is little reason to expect these two stocks to change their trajectories.

Technicians surely noticed the sideways phase in which Apple             was stuck in the first quarter. Following its split in April, the famed stock exploded higher and never looked back. The breakout from the sideways market confirmed the formation of a bullish pennant ; Apple             reached the target of this bullish continuation formation in September.

Apple             and Samsung moved fairly similarly between June 2013 and June 2014. Since then, Apple             marched higher, while Samsung accelerated losses. This divergent behavior has suggested putting on a spread of long Apple             and short Samsung. This spread is trading at around $100.

After muscling its way up to record highs, Apple             has been consolidating. It remains strong since breaking the top of its rising channel in July. A special Fibonacci method suggests a target of 109 and this target coincides with the extrapolation of half of its rising channel .

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out