Apple has significantly underperformed compared to the other Magnificent 7 stocks, but I don’t believe it’s a company you should bet against in the current climate. With a slow rollout of AI and recent statements from Apple, they may not always be first to market, but they generally execute well. The remarks regarding Sony, Samsung, and Netflix by Apple were very revealing and demonstrate a solid long-term strategy. However, there may be some bumps along the way as they work toward their goals, potentially involving acquisitions.
The fear spread in the media is similar to the FUD (fear, uncertainty, doubt) often associated with Bitcoin, and this is typically a good time to buy. Remember the saying: if retail investors miss the boat, it’s gone, but if institutions miss it, they often bring the boat back.
While this is not financial advice, based on the green weekly candle, it's hard not to pay attention, and Apple may now have a very positive year ahead! Especially with the weakening dollar and reports stating that this will benefit them greatly.
Apple has been consolidating in the 210 USD region, forming a smaller flag pattern that is nearing completion. Based on this previous pattern, the next upward move is expected to reach >$220, where consolidation will likely begin again. With Apple’s earnings rapidly approaching and stronger-than-expected results anticipated, July and August could be very positive months for Apple holders.
A golden cross appears likely, with the 50-day EMA just $5.50 below the 200-day EMA. This would be very bullish for Apple and could trigger significant interest from both institutional and retail investors. Additionally, Apple has been lagging behind the other “Magnificent Seven” stocks, experiencing considerable selling pressure; however, this trend is now reversing. Apple is shaping up to be a good short-term and long-term hold.
The fear spread in the media is similar to the FUD (fear, uncertainty, doubt) often associated with Bitcoin, and this is typically a good time to buy. Remember the saying: if retail investors miss the boat, it’s gone, but if institutions miss it, they often bring the boat back.
While this is not financial advice, based on the green weekly candle, it's hard not to pay attention, and Apple may now have a very positive year ahead! Especially with the weakening dollar and reports stating that this will benefit them greatly.
Apple has been consolidating in the 210 USD region, forming a smaller flag pattern that is nearing completion. Based on this previous pattern, the next upward move is expected to reach >$220, where consolidation will likely begin again. With Apple’s earnings rapidly approaching and stronger-than-expected results anticipated, July and August could be very positive months for Apple holders.
A golden cross appears likely, with the 50-day EMA just $5.50 below the 200-day EMA. This would be very bullish for Apple and could trigger significant interest from both institutional and retail investors. Additionally, Apple has been lagging behind the other “Magnificent Seven” stocks, experiencing considerable selling pressure; however, this trend is now reversing. Apple is shaping up to be a good short-term and long-term hold.
Trade active
Breakout confirmed and as predicted. Target price >220 - Golden cross on the horizon. Note
Trying to breakthrough 200 EMA daily. Note
Confirmation - Yesterday Apple close above the EMA 200 daily at 214.4. The 200 EMA should now act as very strong support. Trade closed: target reached
Breakout confirmed, with the daily EMA 200 acting as support. Apple’s earnings will be released next week, with rumors suggesting they may exceed expectations. The stock is currently moving upwards at a 65-degree angle and is likely to continue this trend in the near term. The 20-day moving average is expected to cross above the 200-day moving average before the end of the month, with the 50-day also crossing shortly after, creating a Golden Cross, which would be very bullish for Apple. Apple is currently consolidating above the 200 EMA but is likely to break to the upside once selling pressure eases. There is typically a significant number of limit sell orders placed at the 200 EMA or just above it, and these will have mostly been depleted now. Apple's trading volume has also been steadily increasing, indicating more interest and suggesting that negative press surrounding the company has passed.
Legal challenges are having a limited impact on the stock and appear to be priced in. September is on the horizon, with Apple expected to launch new products and potential services based on recent leaks. Overall, Apple remains very bullish in the short - long term, and it's not a company you should bet against in the near term, or you risk being caught off guard.
Tragert price is slightly adjusted to >265 USD. A new update will be published when a pattern is identified. NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.