QuantitativeExhaustion
Long

Long On Anticipated Apple - China Mobile Deal

NASDAQ:AAPL   Apple Inc
2033 15 30
Apple             have been in talks to secure a deal with China Mobile             for several years. China Mobile             is the largest mobile carrier in the world with 200 million+ 3G users. http://servaasschrama.com/2013/07/31/tim-cook-met-with-the-worlds-largest-mobile-carrier-in-china-to-discuss-cooperation/

China Mobile             and Apple             could not ink a deal until Apple             offered an iPhone under $100, and Apple             had it's supply chain and production ready to take on the new demand. Well with today's announcement we have one of those deal makers announced >> The 6Gb iPhone for $99. The only worry now, is Apple             iPhone production ready to meet new demand from China Mobile             300 million users? Last year Apple             had many production snags with the US demand for iPhones. If we don't see any disruption with online orders and store orders this year, we could see a China Mobile             deal announced by mid October or sooner.

The Apple             chart is a bit complicated. We have a rare double inverted head and shoulder pattern with a strong descending primary neckline. With two heads we see two necklines and two measured breakouts. The Secondary neckline proved to be support for the shoulders and resistance for the double heads. As of right now we are waiting to see production and demand for new iPhones. If don't see any glitches in production like we saw last year, Apple             will most likely breakout from the descending neckline resistance and reach our first target at $542. I expect to see a few days to a week resistance before we test our next Target at $585. This is also the middle of our total expected breakout at $585 from the low later this month/early October at $484. At $585 I expect a bit more resistance and then we can zoom to $628 before we stall again. The final push may come late this year to early next year at $685. I also added @nmike clones which also works well with the Double Head and Shoulder Pattern and fibonacci levels as seen in the charts.

I will devising an option plan in a few days on how to maximize your gains with Apple             stock options. Looking for one of those rare 300+ baggers


looking for a Fib Fan retest and breakout above to next level.
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Applying the Guppy MMA
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QuantitativeExhaustion QuantitativeExhaustion
Closed below .618 Fibonacci $466.04 on Friday. However, the Guppy MMA still suggest 307 day bearish trend has changed. We could test .382 Fib line $436 later this week or next. As long as AAPL shorter length (3-15) EMA compresses above longer length (30-60) EMA, Apple bullish price trend remains.
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QuantitativeExhaustion QuantitativeExhaustion
Broke and closed beneath the .50 Fibonacci Support. Possible we grind and test this area before going lower, seems to be a confluent area. I do expect us to now hit the .382 fib or .618, depending on how you draw your fibonacci retrace. We can expect a quick move once the intermediate and short term trends turn positive.
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QuantitativeExhaustion QuantitativeExhaustion


Watching to see AAPL can compress before resuming bullish trend.
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sublimares2 QuantitativeExhaustion
Nice work as usual. On the daily chart price closed below MA 50 - MA200 and on the weekly chart the price is again below MA 50. If I add all the gaps down I do not get a bullish picture anytime soon.
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Yeah I'm most likely putting my long call position off until after the debt ceiling is over.
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Here is a look at Apple chart with 1 hr chart and 10 length Historical Volatility. As you can see options are expensive and you'll be paying a high premium. Better to wait and buy options at lower prices.
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I love it when fundamentals agree with the technicals. Looks like the 507 region was a strong resistance. Next likely target would be 453 with a 'possible' drop to the open gaps mentioned. Would prefer to buy on the way up as I believe there will be a second attempt made, but if successful would be capped at 545 the first time it rallies.

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