Some unknown company called by a fruit.
- everybody is jumping on the Apple cart.
- get on the bus towards earnings.
Happy Trading, from CJ -- aka the greatest FURU.
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This is my bullish prediction. If we are being real if the market was reacting to news we would be seeing downside. We will see how this plays out EOD.
So as predicted again. WE got the consolidation under resistance on the daily and finished the day choppy and without a decision on where AAPL wants to go. That is represented in the Spinning Top Candle on the daily where buyers and sellers tried but no one won. We didnt get the usual AAPL pump but with so much overhead on the chart it couldn't be done without...
I believe the risk / reward ratio on Adobe is a good swing trade at the moment. The Adobe Max Conference is coming up in a few days, and historically Adobe stock has benefited from this. There is speculation about a possible Photoshop for iPad release as well, which could give investors a lot of hype.
Despite the volatility experienced in 2018 so far, Apple has maintained a healthy path along its overall trend lines. Opportunities to accumulate this year have been great and ranges within Fibonacci channels have held strong. Earnings season, WWDC, OLED adoption and other catalysts can help propel stock back up and into a "money zone" that should hold and allow...
When someone talk about a smartphone, what is the device that your mind start to thinking?!
In june 2007 the first Iphone was released and it becames immediatly the most loved mobile of all time, in fact when a new one is coming people are ready to literally camping in front of Apple store.
The chart confirm this Trend, the popularity have started to rise since...
TRIANGLE PLAYING OUT. break may happen either side. GO SHORT WHEN RED LINE TOUCHES WITH STOP LOSS. Buy when price touches Green line (one lesser degree from 2004 support line), so plan to dump when needed. Go deep short if it fails to break the ultimate red line from the 2015 top. Using options strategy carefully.
AAPL lost downside momentum and double bottom pattern emerged indicating reversal.
But it has stalled now after shaping the second leg.
Watch 124.43 or 123.90
Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today.
It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall.
If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max).
Next week's movement is critical here,...
