Apple has Broken Long-Term Uptrend and is Going Down to ~123
Apple just hit top of the trendline at about $140, indicating a possible BIG shorting opportunity. MACD is very bearish ... WaveTrend also... and the RSI is insanely high at 88-ish, and the volume seems to be going down slowly. All indicators telling me to SHORT.... And if thats not enough, the SP500 just hit the top of the trendline at 2400 yesterday! My first...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Main DownSide Trend - 132.84 (2015/07/20) & 123.60 (2015/11/04) - BreakedUp 2016/08/01 The question i am asking myself is: "Are all bearish formation are processed - and be left behind ???" the SellOff day in August`15 the selling pressure in january`16 the trendreversal in hune`16 & july`16 the DownSide Gap in may`16 & august`16 From there the...
Apple shares have broken a trend line. The actions have lost their strength and price prompted by the problems that the company has been having with the latest models of its phone. So, although I think stocks could fall to levels of 60.00, I see a first downward stage in the price of 92-90 dlls. Subsequently, after a price adjustment, in the range of 85 to 95, the...
from 2016-04-24 to 2016-07-26 - between 89.46 and 101.01 w-formation was created Usually a w-formation is an trend-reversal-formation. And this w-formation was even created under the extended downside trendline after alltime highs in 2015 132.84 (2015-07-21): start of the downside trendline after alltime highs in 2015 123.60 (2015-11-04): end of the...
With technical analysis put in place and the fundmentals showing weak growth on iPhone and iPad, We expect Apple to miss its earnings for Q3 Apple short is a great play as well as 92 puts wekly (90 maybe be good)