4XSetUps
Long

APPLE @ daily Chart @ with new Yearly High (last Monday)

NASDAQ:AAPL   APPLE INC


from 2016-04-24 to 2016-07-26
- between 89.46 and 101.01
w-formation was created

Usually a w-formation is an trend-reversal-formation.
And this w-formation was even created under the extended downside trendline after alltime highs in 2015

132.84 (2015-07-21): start of the downside trendline after alltime highs in 2015
123.60 (2015-11-04): end of the downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed


After the breakUP of the downside trendline after alltime highs in 2015 the breakUP was etablished by two new lows
(a) even above the w-formation (101.01)
(b) even above the downside trendline after alltime highs in 2015 (102.24)


Right here right now we got a short term trading box

116.19 (2015-09-19): yearly high of 2016
112.71 (2016-09-23): Friday (last trading) Closed
111.55 (2015-09-23): intraday low of friday


To trade new yearly highs is the mid-term trading zone essentiel

False breakOUT of the downside trendline after alltime highs in 2015

112.71 (2016-09-23): Friday (last trading) Closed
112.38 (2016-04-14): highs while the false breakOU-formation in april`16
108.07 (2016-04-17): lows while the false breakOU-formation in april`16


1st target is 119.19

112.71 (2016-09-23): Friday (last trading) Closed

only if the share falls while october (or while the next 4th quarter`16)
under 103.91 (gap before the w-formation was created)
under 102.87 (gap after the w-formation was created)
under 102.47 (low after the the w-formation was created)

the big technical picture will not be constructive. So even above 102.47, even above 102.87 & even above 103.91 the big techical picture is still sugessting higher prices. Higher prices until 119.19 and higher - while this year 2016.


Long-Term BUY Signal

Meanwhile also the 100 SMA is only 70 Cent under the 200 SMA !!!
Usually a 100 SMA upside cross over the 200 SMA is suggesting also higher prices ...

112.71 (2016-09-23): Friday (last trading) Closed
102.06 (2016-09-23): 200 Daily SMA
101.36 (2016-09-23): 100 Daily SMA


Take care
& analyzed it again
- it`s always your choice ...

Best regards
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