APPLE waiting to breakout of this down trend, could see a retest towards resistance at $124.50 or we could see a move down this week to my support zone at $108. .618 Fib is at 117.14 could see a bounce there to retest ath. Keep in mind ER is coming at the end of the month 10/29 so options get next week exp. or 2 weeks out to give some time, scale in small because...
This week has been all about Apple. It jumped on Monday amid iPhone 12 optimism, hit a wall and has been consolidating since.
This brings up an important level on multiple time frames.
First, on the weekly chart, AAPL’s high the week ended September 11 was $120.50. Monday’s rally broke above it and today’s pullback revisited it. This level could be very...
Apple waiting for this breakout of this downtrend. we have a gap down at 117.06 but with earnings coming up i think apple will continue to rally! 130 PT next week 135 end of month . we had a run from 113-124 with iphone event expecting the same coming up to earnings. If we can break and hold above resistance at 124.50 we can see a move to 130.
Im in $125 C exp 10/23
Strong upwards momentum into iPhone release tomorrow.
Unless Tim Cook drops the football ATH may be revisited very shortly.
Not a ton of price history over head, but there is the channel that it traded in for many months.
Betting the farm.
One common pattern this year has been sporadic rallies in the Russell 2000 , followed by longer periods of malaise. We saw it in June, early August and again in the last 1-2 weeks. Each time, it’s been followed by a shift back to Big Tech, Growth and the Nasdaq-100.
The same process seems to be happening right now. This chart shows our Smart Relative Strength ...
Apple 4HR Chart... I see an inverse head n shoulders forming waiting for that break of the yellow line for it to complete. We are sitting at the bottom of the channel with lots of room to run up. I'm looking to get into some call options expiring 10/16/20 expecting to see a move up to 125. We could drop within these next few days to 96.33 to fill that gap down.
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I'll analyze them by Apple in the medium term.
MAXIMUM, 1RESISTANCE. 137.64$ 2 RESISTANCE. $110.38
.......................................... Support. $100 VERY IMPORTANT LEVEL ..................................................
Possible movements these weeks blue arrows 1 rise to second...
Apple has had a sharp pullback after splitting its stock. Now some new catalysts are in focus with the product event tomorrow and potentially new iPhones later in 2020. Let’s study the chart before Tim Cook takes the stage at 1pm ET on Tuesday.
First, stochastics show AAPL is the most oversold since late March. That alone might grab some attention.
AAPL hit last month our $350 Target we set on October 2019 when the price was trading at $229:
We are turning buyers again on Apple as on the 1D chart (RSI = 54.619, MACD = 7.940, ADX = 38.567) the price made a strong rebound on the MA50 (the blue line). On top of...
With a Market Capitalization of only 38.71B, a Net Income (FY) of 5.501B and a P/E ratio of 6.0, which is below the DE market average of 16.8, BMW seems one of the safest bets on the auto industry stocks (price 21,56 usd). For comparison Tesla has a trailing-twelve-months P/E of 236.13X and never had a single year of profit in its life.
"At the Apple Worldwide...
I have checked the historical trend and expect a major pull back in 2022
12 months Consensus Price Target: $314.83
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Would I buy Apple right now? Not yet. Coronavirus will have a major impact - murmurs of iPhone12 delays and supply chain pinch. However, there is no question Apple's strong cash balance (exceeding $200Bn) will push them through this crisis. It's important to note that Apple shouldn't be considered cheap quite yet (current P/E ratio: 19.39 -> down from P/E ratio:...