WallStScalper
Short

Overvalued Apple-dreams - Carl Icahn desperate!

NASDAQ:AAPL   APPLE INC
499 17 18
Bear flag

Carl Icahn still thinks Apple             is "dramatically undervalued" and upped his price target recently for not getting.....trapped?

I see a bear flag... what do you see?

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TWUC
@BLawrenceM

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Wall St Scalper
qtrmiler347
a year ago
Keep the AAPL comments coming! Thanks.
+1 Reply
JohnKeverich
a year ago
Do you know that July and August is best period for AAPL in terms of seasonality? Based on the past 20 years, AAPL is 75% likely to outperform SPY in July, with an average gain of 6.5% relative to SPY.
http://stockcharts.com/freecharts/seasonality.php?symbol=aapl&compare=spy
Reply
WallStScalper PRO JohnKeverich
a year ago
Yes But everything as to come to an end and a bear flag is what it is until it's not. I'm a TA trader not a FA so I put more value into the chart than expectations of what might come. What I have noticed is FED's trading desk normally let Apple make the run up before earnings or events and sell it on or just before news. A nice punp'n'dump scheme.
+1 Reply
WallStScalper PRO JohnKeverich
a year ago
I think it's due to their watch... not really selling
Reply
JohnKeverich WallStScalper
a year ago
No. It's because I bought this stock on Tuesday...and this is why I most trade indices!

Seriously though, seasonality still strongly argues in favor of AAPL recovering within the next 2 months.
Reply
WallStScalper PRO JohnKeverich
a year ago
I have made a longer term chart as well...I'm not so sure about it. I see it go further down
Beware "Rotten Apples"... Always Falls From The Tree!
Reply
JohnKeverich WallStScalper
a year ago
Then I'll just add at 115. It has been two days and we're already halfway down. There is enough time to hit 115 before earnings, then new highs :)
Reply
WallStScalper PRO JohnKeverich
a year ago
:) Okay if money is not a problem... I see your point then
Reply
JohnKeverich WallStScalper
a year ago
Naturally, I didn't bet a farm on it.
Reply
WallStScalper PRO JohnKeverich
a year ago
Well time will tell ...let's see :)
Reply
JohnKeverich WallStScalper
a year ago
Sold my shares today at the open :)
Reply
Kamazing2
a year ago
Agreed B. Lawrence! According to my view daily chart bearish until March- April 2016. Then Bullish long term.
+1 Reply
G13Man
a year ago
nice flag
but
i will hold till the
longer support trends fail
snapshot

closer view shows the upper trend holding up
snapshot

keep up the great posts ! Give me guidance when i am lost or see nothing !
Reply
AlexMills
a year ago
Doesn't the flag have to hit multiple points for it to be considered a flag? The yellow line you drew from $125.84 and $127.35 would require multiple hits from the stock price would it not?
Reply
WallStScalper PRO AlexMills
a year ago
Most agree with me now that it was a bear flag
Reply
Lanmar PRO
a year ago
Great call
+1 Reply
WallStScalper PRO Lanmar
a year ago
Thanks for you comment
Reply
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