DanV
Long

APPLE - Taking a Bite or 2, re-visited for potential long entry

BATS:AAPL   Apple Inc
386 0 3
When I published this chart for potential bottom aroun 460-450 area to look for long entry after it gapped down following earnings announcement in January, the was no real bullish movement and hence not the trade I was looking for. However, if any did enter would have at least made small profit or break even.

However now it is possible to entertain potential long around 400 - 410 area. It has AB=CD measured move to the downside from all time high as abc correction and it could be significant. Even if this is not the final low, from the chart you can see that one down side retracement is complete, I am expecting a potential AB=CD move to the upside which could take to the vicinity of 500. If however, the recent low @ sub 400 is significant low then we might get new 5 wave move to the upside which could take us lot higher.

Worth watching in my view
http://www.danv-charting.com
https://www.youtube.com/channel/UChJVIJir7nymD9J3ZWoal-w/feed
https://www.tradingview.com/chat/#E4bnOJSWcO1zDjBG
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out