kungfuguo

kungfuguo

Decision time: Bull vs. Bear Since July, AAPL has been on a bullish trend. Fueled by a better than expected earning and hedge fund positions, AAPL broke multiple median term resistances. However, in the past 2 weeks, we found ourselves in the middle of a consolidation zone ($485-$510). After AAPL was rejected at $510-$515, it broke through the support at $500....

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Expect break out of consolidation. Looking at the weekly AIG chart, AIG has been moving up as blocks (purple boxes) of consolidation zones. Each box usually last between 9-13 weeks long, and has a well defined support and resistant levels. Each break out is usually accompanied by a peak in RSI (usually break above 70). Overall there is still positive money...

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Nice break out of consolidation! SI has been sandwiched in a huge zone of consolidation, between $98- $112 for the past year. The strong resistance is marked by the 50% retracement at $112 area. However, today, we see a strong break out of consolidation, supported by heavy volume. I expect that it will continue its course up (assuming no macro breakdown of the...

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Here is a chart looking at monthly prices of GOOG and AAPL. Its a fact that money from one investment can flow easily to fuel another. People / firms that invest / trade in AAPL also have similar interest in Goog, FB, TSLA, and MSFT, just to name a few. Looking at price ratio can tell us direction of money flow, and help us understand where we are headed...

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Sets of bull flags. Since beginning of this bullish run, there has been multiple bull flags. I graphed the last 3 bull flags. The first one was after an 8 day run ($18 mini-rally). The bull flag lasted 4 days, was confirmed by a gap up with high volumes The second one was after a 9 day run ($31 rally). The bull flag lasted for 5 days, was confirmed by high...

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I use this graph to highlight some of the similarities between first quarter 2012 and the current bullish run. Take a look at the stock price. - Back in Feb 2012, we see an 8 day rally, ending with a "bearish engulfing" candlestick pattern (first box). Overall, this bearish engulfing is anything but bearish, as we see a continuation of the bullish channel,...

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6 day rally, longest rally since Feb 2012. How can anyone not be bullish? We have had a 6 day rally, pushing stocks from $456-$507. Last time we had this sort of uninterrupted rally was back in Feb 2012 (8 day rally). A little pull back is healthy, as it allows more longs to jump in the wagon. We are still in the yellow (Zone 2) of the uptrend. Nothing to be...

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The past and the near future. Last week, fueled by the Sept 10 product announcement rumor and Icahn's bullish view on AAPL, AAPL broke through the bullish channel zone 1, into a new bullish channel (zone 2), and establishing firmly in it. This is supported by heavy volumes, even on monthly OpEx. It has been stronger and more resilient than I have anticipated,...

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8/16/2013 Weekly Analysis and Looking Ahead... What a wonderful bullish week we had! Congrats to all the bulls! Couple things I want to point out #1: This is the best week we had for over 18 months! Scrolling back on the Weekly chart, this is the largest gain (biggest green bar) during this period, confirmed by a very nice volume. = bullish #2: On the...

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Goog just broke the support today. Since May 2013, Good has been traveling in a broad upward channel, between $860-$920 range. There is a slightly upward support line (dot red line). This line has been consistently reliable. However, today, we see the first break down of the support line. Looking at RSI, there is a nice support line as well, going back to...

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Shooting star candle stick pattern. In the recent days, AAPL has jumped from the lower line (support) of the bullish channel to a huge break out above the upper line (resistance) of the channel. This break out has broken through multiple other resistance lines, and now making higher highs (highest highs actually). This has been fueled by: (1) New product...

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This is a revised version of from yesterday's chart. The chart was not compatible with some of the monitor set ups. Overall, we are still in the bullish channel. However, as we move up along the channel, we will encounter 2 key resistances this week: Resistance #1: The SMA 200 moved up to $471 (moving target), and will be our next resistance. It was...

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What a nice finish today! AAPL is up 2.84% supported by an above average. The bull flag was confirmed, suggesting that uptrend will continue. Today, we broke the resistance at SMA 200. This was tested last week, but was rejected. The next key resistance to watch is $473, as it is the highest of the previous peaks (on 2/11). Expect some profit taking there. ...

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Bull flag? Will have to wait until noon to confirm. Needs higher volume to push it up.

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Not a single red bar on 15 minute chart. The thing of beauty.

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AAPL to test 2 key resistances this week. As shown on this chart, the bullish channel is held so far (congrats to the bulls). This week, if the uptrend still holds, we will be forced to test the resistance at SMA 200 and resistance at $469 (highest of the previous peaks). If there is break out, we should be on our way to fill our gap at $500. Official iphone...

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On Renko chart here, SI break through the resistance at $108. It looks like a bull flag that has been confirmed with 2 boxes above the resistance line. I expect the bullish run to continue to the low $120s, where another zone of consolidation area will be established around $115-$120.

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We ended the week with approximately $20 loss from the highest level of the week to the closing price today. As we broke the resistance #1 two weeks ago, this week, we were unsuccessful to break out resistance level #2. Overall, we are still in the bullish channel. The momentum is still intact. However, I believe next week will be the key here. The uptrend...