Is $120 going to be the next higher high for Apple? So far we have the recovery of Donald Trump spiking the markets, will the bulls keep the momentum? Will a stimulus deal help give these bulls wings? Based on candle stick analysis I see AAPL nearing $120 for its higher high and with earnings still a few weeks a way, we can expect apple to fly into earnings....
From the most accurate indicators to the least I want to start with the Relative Strength Index. On the 3 month chart, you can see Apple nearing a low RSI. (Currently 40.6) this is a low RSI for Apple and tends to bounce back quickly. The second most accurate piece of information is the Moving average. This is a 1 hour moving average and we can see the bearish...
MCD should hit $220 a share this upcoming week based on growing bearish divergence and a high RSI. We are close to dipping below the moving average as well.
Apple is looking like a good buy leading into earnings, Trumps Covid scare helped drive markets down creating a buy-in point for AAPL. I believe Apple will rise leading up to earnings but unsure of post earnings price action. That wraps up my fundamental analysis. Technical analysis shows strong likelihood of Apple to rise. First we have an RSI of 40.45 which is...
Apple has a buy signal on the 3 hour chart as well as a mid range RSI. Candle sticks are moving away from the MA, once they get closer we may have a strong buying opportunity. We could see this as soon as next week.
NKE hit a sell signal on the 30min indicator.
On the 4 hour chart, NKE is just about to dip below the moving average. This relative strength index shows that it is sitting high near 70. We should be expecting to see a sell signal relatively soon. Disclaimer: I am not an expert, I am just starting to grasp meaning behind these indicators and by no means making recommendations. I trade at my own risk and so...
Yesterday I put out a strong technical analysis publication and now I'd like to add fundamental input. Trump Announced he tested positive for Covid-19, this sparked a strong drop in the 3 main US indices. I believe SWKS will drop 10% erasing it's entire weekly gain and continue the downward trend during these unprecedented times. My SWKS losing steam publication...
Looks like we are in for a sell off tomorrow as the major US index dips below moving average. Let the bears roar!
Skyworks is nearing a new high and running out of steam. Heres what the indicators say. Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators. Moving...
There is a lot of upward momentum for Skyworks. Being up almost 10% for the week, with market volatility and uncertainty. We can expect SWKS to drop hard very soon. The downward trend could start Friday, and lead into next week.
Here is my candle stick segment for my "SWKS due to drop" publication. I will continue posting segments as long as I am holding the position. This could be my only post or this may go on for a week. Stay tuned! What are your predictions for SWKS?
Microsoft is hitting higher highs and trending upward. Even though we have an upward trend, we are due for a higher low. I predict this higher low will hit this week with a low of $208. I will be posting daily candle stick segments to link to this publication. With election uncertainty we can expect some market volatility and we should be expecting to see some...
Skyworks is due to drop in the coming week as candlestick trends show signs of bearish activity. On the 6 month chart it can be seen that bears are starting to pull. It can be further magnified as you look at the 3 month and 1 month chart. This is a short term short. After a decline to $142 we should see the bulls pull back. This is based on pure candlestick...
Based on pure technical analysis, Starbucks is on an up trend based on candle stick movement. For the past 6 months we can see higher highs and lower lows. I believe Starbucks is going to have another higher low very soon, followed by another large bull run. I will keep you posted with my trades here as well as linked segments, like daily candlestick performance....