The_Unwind
Long

NewsChina Is Banning I-Phone Sales == APPLE INC. BOTTOM !

NASDAQ:AAPL   Apple Inc
514 views
9
514 6
Apple is near a potential Significant Price Bottom near 163
I studied the AAPL Daily Chart closely over the weekend.

News today that China in an escalating trade move,
is proposing to BAN the sales of all I-Phones in China...!!,
perhaps the most Bearish Headline Possible, at this time.

Contrary Opinion begs a different technical response.
By my analysis that headline only
REINFORCES the POTENTIAL
for a Significant Price Bottom
around today's Low near 163.
I would use that as a LONG STOP
going forward.

AAPL 168.00 Last

THE_UNWIND
12/10/18 100PM
NEW YORK
Couldn't agree more. AAPL is vastly oversold on all time-frames now and long overdue for a relief rally if not a full trend reversal (as is FB btw).
Daily, Weekly, 4hr, 8hr, 12hr ALL lining up several with bullish divergences. I expect a massive bounce from AAPL very soon. I think it is very likely that we just found the bottom.
Reply
David_Scott David_Scott
@David_Scott, No stop loss. If it goes lower from here buy more. :)
Reply
Good catch on the news vs. technical analysis, also great objectivity, you've been bearish on AAPL for weeks - the signature of a truly great trader.

Reply
if you check today's high of $170 vs the peak of $175 on the 6th, the RSI seems to print a hidden bearish divergence. The stochastic indicator rose during the last 4 daily candles from 55 --> 60 (the bulls would rather see a drop) which can be interpreted as bearish strength (a.k.a. weakness in the corrective rally), and evidence that further lows may be hit before support is found.

Given the technical damage and bad media coverage, I'd recommend an even tighter stop around the recent lows of 164.50.
Reply
things are crumbling ... thx for news.
Reply
this is getting funny AND serious !!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out