As you can see in the graph above Apple's share fell nearly 40 percent from its peak And stopped right on Moving Average 200 And since then the price has been rebounding And completed a weekly rise, we add the Fibonacci indicator to give us Take Profit prices
Our Signal: Buy AAPL
Entry Price: 156.5
Take Profit: 166
On 2nd Jan apple went down hard around 10% during post market thus creating plunge gap due to un-settlement trade regulation policy between US & China. Therefore on following day 3rd Jan APPL seem to retrace back from 146 resistance. On previous friday, after Major announcement on US earnings; APPL manage to bounce back from 52-weeks all time (142) towards 148+...
I'm doing this main chart using the log scale because it makes it so obvious that growth is slowing down. We just got rejected hard off the resistance that has held us since the 80's! We're also in a giant rising wedge, and are JUST touching the bottom of it right at this very moment (actually, I'm being generous with my line. In truth, we've broken down already)....
Faang composite and my prediction for the next couple of years. White line is projected price action, which I believe will be controlled by Algo trading bots.
From 225 to 155 looks like wave C - triple zigzag
Very fast and deep correction
The long-term flat correction, which we designated as triangle A-B-C-D-E, makes us doubt that the entire current correction, which lasts from 234, is only wave A. Most likely we are facing the end of A-B-C
It is possible that the minimum of correction has not yet been passed, but...
This chart suggest me Here We Have A BUBbbLLEE..
aNY NEW tech from apple ?
Phone same phone.
So what the stock price is that man.
Come on. BUBBBLEE..
BiG SHort.
AAPL long from $170.34. Looking for $190.00 over the next few weeks. AAPL hit a major support level, bounced and has now retraced back down to the support level. Along with that, the market staged a nice reversal day yesterday closing only slighty lower, signaling a SHORT TERM low is in place. I am expecting to see a move up into the end of the year, then down we go again.
Bearish Credit Spread on AAPL . Watching the current support at 216.5 for a breakdown into the end of this week.
Entry 216.60
Max profit 215.00
Break even 216.38
0.78:1 risk/reward
![NAS100USD: Nasdaq [Daily] Santa Claus rally ? Let's think again](https://s3.tradingview.com/j/jOZ1RLe1_mid.png "Nasdaq [Daily] Santa Claus rally ? Let's think again")
