APC trade ideas
$AAPL finished 19 weeks of rally from its 19 week modeNASDAQ:AAPL is already IN a weekly downtrend.
NASDAQ:AAPL is below the mode since the high
NASDAQ:AAPL peaked 7 weeks ago
NASDAQ:AAPL had a weekly range expansion down this week to trigger a sell signal
NASDAQ:AAPL had a RESZ rally into 50-75% resistance this week after RgExp down
Stop loss $226, downside $195
I also labeled Warren Buffett's sale of $100 billion worth of NASDAQ:AAPL , but he also still has a 30% position in NASDAQ:AAPL in his portfolio
The stop is close and the downside is meaningful
Granted, Apple has its new product release happening soon which will keep potential sellers from selling but it may make potential buyers hold off on buying
Time will tell
Tim
3:47PM EST 9/6/2024
$220.85 last -1.53
AAPL: All Signs Point to Sell The AAPL chart is flashing sell signals, with price hovering near key red lines resistance. Sellers seem to be in control, and the setup suggests further downside potential. Will we see a break lower, or is a surprise bounce lurking?
Feel free to share your thoughts on this setup in the comments, and follow for more trade ideas!
*Disclaimer: This is not financial advice. Always trade responsibly!*
Apple strengthens its position in India with Bharti AirtelApple has partnered with India's second-largest telecom operator, giving the iPhone producer a much-needed boost in the content market. The company remains significantly behind giants such as Spotify and Walt Disney in this market.
The American tech corporation, aiming to increase global revenue from services, including apps, payment systems, and media, will offer 281 million Bharti Airtel customers free access to streaming music and video. In doing so, the company achieves two goals at once: diversification and sales growth.
Let's examine Apple Inc. (NASDAQ: AAPL) stock chart for possible trades from a technical analysis point of view.
On the D1 timeframe, resistance has formed at 233.00 USD, with support at 217.50 USD. The asset is in an upward trend with the quotes above the support line. If the trend reverses, the target for the fall could be 202.80 USD.
If the upward trend continues after breaking through the resistance level at 233.00 USD, the short-term target could be 240.55 USD. In the medium term, the price may rise to 250.00 USD.
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APPLE Set To Fall! SELL!
My dear subscribers,
This is my opinion on the APPLE next move:
The instrument tests an important psychological level 228.86
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 219.98
My Stop Loss - 233.40
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
They do look really alike, though, don't they? Yes. I am posting the bubble template thing.
I both love and loath the bubble template. It really has been useful to me since I became aware of it (Sometime back around 2014 I'd guess) in helping me to understand the overall structural build and decline of a trend. When combined with trend ideas like Elliot wave and fib ratios etc - this overall model has proven very useful. And over enough time, most charts end like this.
Unfortunately, the model is somewhat lacking ... details. Like, it does not mention you're going to see a "Return to normal" phase 1,000 times before it happens.
I've traded this basic model 10s of thousands of times (Because you can use this same idea on intra day trends. Over all markets this is happening 100s of times a week. More if you're on scalping time frames) and the overall path is a little more jaggy. Same idea - just it's not as nice and clean as the template.
Also if you ever spot this and are ever right- you can be almost certain if you share your ideas you'll experience a lot of name calling during this period.
Into the "New Paradigm" if you've persistently posted about it you'll have stalker trolls. That's just how markets and internet interact.
Let's for a moment suspend disbelief (Or lean in your bias if you're a super bear) and do a thought experiment on what it would mean if this was in play.
I think the really critical aspect to take into consideration here is the "First sell off" bear trap section is a very small move relative to the actual crash. It's a huge move in real time but after the big crash has happened it will be demoted to a footnote in the story of the great bubble and crash.
We have a real world historical example of this. Around 1920 there was a series of panics in the stock market. At one point things were so bad they closed the stock market. This would be the worst market conditions experienced in that lifetime and this event would be dubbed the "Great Depression".
You can now read about this event by looking up terms such as "The forgotten depression" - you'll no longer find it by looking up the Great Depression. The "Less Great Depression" became a footnote in history. A totally wild event and recovery that almost no one knows of because of the shadow of the Roaring 20's and the Great Depression.
If you apply that same concept to modern markets, the implied forecast would be horrific. We'd be having the 2008 event as the mini bear. We're calling it "Great Financial Crisis" but, in our hypothetical scenarios, history would look at this as essentially a non-event relate to the bubble that would then form and pop.
It's this starting stage I find most compelling. The probably with the "Greed / delusion" etc stages is if you're looking for these you're going to see them when the market goes parabolic, but a lot of times there market might just be making breakouts. If you look for them, you'll find AAPL charts templated to this when AAPL was $10.
The stages of late trend also look a lot like the stages of mid trend development. But what's really interesting is how well the flat "Smart" section and then the huge shake out bear trap sections "Fit" here. And if we use these levels to draw our mean the typical crash path would now fully agree with the mean reversion levels.
In this bust model the bust always comes a little under the low of the bear trap section.
And this is always a slight overshoot of the mean (Despair stage).
It has to be said it's been true you could have incorrectly used this model to make the same forecast on AAPL for a long time. The model has a lot of limitations.
But we now have a lot of confluences and ratios that really do not appear very often.
Would make a lot of sense from a TA perspective.
Apple - Still Outperforming Everything!Apple ( NASDAQ:AAPL ) is stronger than 99% of stocks:
Click chart above to see the detailed analysis👆🏻
Despite the recent stock market weakness, Apple is trading at new all time highs. This clearly indicates that buyers don't let this stock down but are rather buying every dip. Even though Apple is retesting a channel resistance, a breakout followed by a rally is definitely possible.
Levels to watch: $230, $280
Keep your long term vision,
Philip (BasicTrading)
Change Of Plan! Apple 20% Drop Coming Sooner Than ExpectedWhat changed? What is different now and why is a 20% crash so close?
We use the chart as our guide, it helps us know the market bias; bearish or bullish, it helps determine the tendency, dynamics and trend of a certain given asset, good, commodity or stock.
Technical analysis has been proven to work.
What is the major event, catalysts, that will be the cause of the major downturn that all the assets are pointing toward to? Nuclear war?
Is it something less damaging to the human heart and soul?
I don't know, but there will be panic.
➖ AAPL Technical Analysis @AlanSantana
The Apple Inc stock, AAPL, peaked 15-July 2024. Notice that the correction (bear-market) is already 50 days old.
Late August, on the 29, a lower high came in and this lower high is now fully confirmed with the action that is happening this week.
Bearish action is predominant.
The first stop will be below 200 and the second stop around 175.
Are you prepared?
Thank you for reading.
Namaste.