EVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after...
I will buy at about 90$ with a long target to 135/145$
Target = 0.618 of 1-3 = 137.99 Invalidation is below 82.16 (wave 1 peak)
after completed 5 waves down unfolded as leading wedge. AAPL is now on the wave B. TP around retracement 50 or 61.8%
Apple can rally from current levels.. One can buy the stock now with stoploss just below 91.5 and targets are 103.
Kissing the ma200 weekly but still waiting 77-80$ let´s see how much time we ll need
Apple, prices are taking support near $91-92 and recovering since last year. prices have formed Descending triangle and is expected to give breakout any time soon. prices have already made low trice and touched the lower band while prices on upper band has been touch twice. As per my study, prices are expected to touch higher and likely to give a positive...
SPX500 is probably forming an inverted H&S. A breakout of the neckline must see in order to long.
Apple must take back 97.75 to get to 103.5 or risk 92.
Fundies... Gap fills + BoJ + Fed Gaps 102 - 103 107 - 108 Fed Fold on Wednesday BoJ Thursday Brexit "Stay" On June 23rd Also...that wedge ;D
Volume Apple Volume traded up for the first time in 4 days on thursday, increasing 25% from 20m to 26m, whilst this may be considered bearish - as increased selling, it is important to not 26m is still 35%-40% below the 4wk and 6month average. Volume cannot fall forever and we have been trading at extremely low volumes all week, so given these facts, a modest...
The strong fundamentals aside, Apple is showing signs of upside stability and momentum. IMO after a failing bear run last week this week we are set up for a week of gains, given that friday - the naturally bearish day for stocks, apple managed to close higher, going against the trend of the previous two days of high volume and losses, and instead, carving itself...
In my opinion the uptrend will continue and will reach 122 because,