QuantitativeExhaustion
Long

Long On Anticipated Apple - China Mobile Deal

NASDAQ:AAPL   APPLE INC
2030 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
snapshot


looking for a Fib Fan retest and breakout above to next level.
+2 Reply
snapshot

Applying the Guppy MMA
+2 Reply
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.
+2 Reply
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.
+2 Reply
QuantitativeExhaustion QuantitativeExhaustion
snapshot


Watching to see AAPL can compress before resuming bullish trend.
+2 Reply
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.
+1 Reply
Yeah I'm most likely putting my long call position off until after the debt ceiling is over.
+1 Reply
snapshot


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.
+2 Reply
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.

snapshot
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out