Hi,in the last 2 days the price broke down the base of the symetrical triangle, so short term i have bearish expectation on this. The price might be go down arround 18-20 usd, where i think is a good oportunity to buy and next year to go on with its uptrend.
Hi, guys! In my opinion technically, the price might form a reverse Head&Shoulder chart pattern, which it will mean a reverse of this descendent trend. The target is 64 usd.
As fundamental, I think the price is low also because the company started a buy back shares program and i think the didnt finish yet, but it will until this year. I know that is a strong...
Apple price is forming a similar movement like Tesla did a few weeks ago.
For Apple, the price is in the corrective Elliot waves and soon I expect for the price to break out upwards and with objetive to 150 usd.
This is my technical projection, but i feel like Apple needs also positive news (like Tesla had with SP500 inclusion) to be more sure about this...
I am not holding Tesla, but i couldnt notice that on daily chart, the price goes to 600 usd, if we apply Elliot Wave Theory.
Triangle formations are corrective patterns that are bound by either converging or diverging trend lines.
Triangles are made up of 5-waves that move against the trend in a sideways fashion. These triangles can be symmetrical,...
The price is forming a very well know reversal pattern, Head and Shoulders (H&S), and after the confirmation of braking the neckline of 61 usd, the price may go down to 50-52 usd, fill in the gap at 52 usd from the first week of April.
In 15 May, after the neck line of the inverted H&S was broken, the price entered in the bearish chanel (check the black trend lines) and it will go up to 40-41 usd on short term (to fill the bearish gap from 6th March), from where i expected a strong resitance and also 50% fibo retracement level. And I expect after that for the price it will continue to descend.
On long term, beware of a possible double top which the price offered, aprox 60 usd! If the double top is complete )falling under 30 usd), which is a reversal trend sign, look where the price might fall, near MA200 and fibo level.