Overvalued Apple-dreams - Carl Icahn desperate!

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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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Great call
+1 Reply
Thanks for you comment
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?
Most agree with me now that it was a bear flag
nice flag
i will hold till the
longer support trends fail

closer view shows the upper trend holding up

keep up the great posts ! Give me guidance when i am lost or see nothing !
Agreed B. Lawrence! According to my view daily chart bearish until March- April 2016. Then Bullish long term.
+1 Reply
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.
WallStScalper JohnKeverich
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 JohnKeverich
I think it's due to their watch... not really selling
JohnKeverich WallStScalper
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.
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