The tech sector, specifically the 'Big Tech' companies have seen massive gains since the massive accumulation in 2010-2014. However, these increases seem disconnected from the companies' actual value or tangible contributions to the real-world economy. Their high price-to-earnings ratios suggest overvaluation and potential for a market correction.
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NASDAQ:AAPL APPL - Where to next?
We got a beautiful rising channel as well key trendline areas.
Highs: 162
Lows: 158
Now be aware we do have the gap above but if we break below the lows a clean close below the red trendline up, price could easily reach 156. However, if we are to break the highs, I expect 164/168 closing that gap above.
Ignoring the noise...
I included the text analysis in the chart.
Short term LONG potential for APPL.
We are still in a correction. Depending on how it evolves, we can take future actions.
LONG beyond the marked price level or SHORT if the price doesn't go past the marked level.
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Disclaimer: Technical...
Traders and Investors,
As the earnings seasons is here, looking at APPLE shows that there could be a fall coming. Reasons:
1. W pattern completed
2. Trend Line
3. Bearish Structure
The last short set up gave us great profits.
Manage the risk and make sure that you are watching stock movement closely along with US30 (Dow Jones)
Rules:
1. Never trade too...
both Amazon and Apple are making very bearish reversal formations which might drop drastically the price to a new low on a big TF, Daily. Remember it's a mid to long-term view; therefore, it could be invalid. However, these are well-known wave structures, and they are accurate most of the time, but certainty does not exist in charts of course.
Apple is approaching historical resistance here. Earnings is coming up on the 4th of May and from what ive read about Mac sales being potentially down 40% will apple miss their earnings? thoughts?
The price has taken out the prior high at $157.5.
→ The recent downtrend has officially ended.
Now we look for the uptrend rhyme.
→ Since there is a higher low formed and a clear resistance-turned-support at level B, we can project a 100% symmetry of the prior swing from A to B and project it from C.
→ The level of C happens to be the 0.618 Fibonacci...
A new update for Apple. We hit all of our targets with "Bitten Apple" chart. We saw this bounce coming. The market sold off too steep too fast, and we can always expect a pull back on these steep sell offs. This bear market rally may continue for a few more days before another wave of selling resumes.
The data supports a bear market and recession. The data...
Latest update for Apple. We may see some sort of recovery in July, which may see markets across the board move up. If we break the selling trend, it will have created a head and shoulders when selling continues downward. Again, this is a possibility, as selling might intensify.
Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This...
falling cycle -14% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock just recently perfectly broke above a key previous weekly resistance area exactly at $155 and now after this break all of this previous resistance is turned support.
You can also see that we have a long term downtrendline...
Based on my analysis, it appears that holding shares of Apple (AAPL) may not be advisable at this time. The current price is facing strong resistance, and there is limited upward pressure to push the price higher. Therefore, I recommend avoiding AAPL in your portfolio as the price is expected to decrease to $137, which is a significant support level. It is...
Hello friends!
In this idea, I am describing the reasons based on which I am considering trading in one direction or the other.
The resistance level is a mirror image;
The price has been approaching this level for three days;
There is a parabolic rounding before the level;
There is an accumulation of energy before the level for a breakthrough;
The stock looks...
The main reason for SVB's problem this time is liquidity. The banking industry is different from other industries, where the importance of liquidity is far greater than profitability. In the past few decades, there have been too many banks that have experienced extreme risks due to liquidity issues, and SVB has fallen into the same trap.
The management was...
Clear Formation of LH's & LL's...direct indication of a Bear Market. I expect a higher than short-term rally ( bull > bear ) to the <61.8> Fib Retracement zone or a further rally to the <78.6> Premium Zone...taking out liquidity, prior to a push/continuation to marked support.
Peace be upon you, merchants. Apple stock is negative. with a fracture. Double BOTTOM. It is a strong model and was unable to break a very strong resistance. At the price of 156. There is the possibility of re-testing. The price is 150. And re-disembarkation. to the level of 143. what do you think
