Retail Sales posted abysmal numbers
National Emergency declared
S&P500 due for a reversal
China U.S relations worst in recent memory with the arrest of Huawei CFO
U.S. industrial production fell in January for the first time in eight months
Something has to give. I'm using some intuition with this trade, just have a good feeling about it, especially considering...
Watching for the short. RSI and the pivot points are the key indicators that stick out to me. They arrested the CFO of Huawei, one of the biggest telecom companies in the world. Not a minor event. May seem like old news to us, but in China, it's still fresh in their memory. I don't expect these trade talks to go well.
Apple (AAPL) has ben bearish for the last couple of months but are now looking to bounce and start a new uptrend. RSI is oversold and the price bounced on the 200 moving average. Parabolic SAR has now moved below the price. When we add all these indications together we have a clear buy.
Apple began a decline after the high at 233, ending with a low at 142 on January this year. A drop of approx. 39% in value. In the chart we are analyzing the current wave as the corrective of the previous decline. This wave is moving inside the blue lines and looking for the attractor, the blue area. These elements show us the high probability zone where should be...
Apple surely had unique reasons for each of the moves, but together they're about a transition from an iPhone-driven company into one where growth comes from services and potentially transformative technology.
AAPL is facing the strong residence at 175, struggling near the MA 20 and supported by up-trend line. Keep patience to wait for breaking out the residence...
Descending triangle on AAPL 's faster timeframes. Looking to take the break of $172 with 2:1 target at 178 then second target of $185ish or upper downtrend line.
Setting up an options trade with April $165 calls stop limit entry at $10.85. Stop will be at $9 (or $8.85 to make the calculation easier for more contracts/different risk).
Apple finished an inside week on 2/15/19, and appears to be running out of steam as it attempts to climb higher. Twice rejected by its weekly 100, and facing loose resistance inside lower region of fan DTL's, it seems likely a retest of 160 would be in order. Not impossible to test 145-150 before regaining ATH's.
AAPL Hits Monster Low Precisely March 26 2020 - Last Post or 2
Considering When My Last Post on Here will Be... All is in place for epic collapse... and precise dates are almost known via my momentum models..
So there's really not much left to talk about - so let me tee up my golf ball AAPL precise low date... and contemplate a last post or two for 12 months of...
Apple has fallen out of favor with investors as of late, despite a decent earnings beat (after guide down), and it's easy to see why. Given its track record as a market leader, and recent highs > 200, it's failed to catch enough momentum to get out of the danger zone. Looking at sell signals for a short entry, I've noticed a) it's caught in a descending channel on...