AAPL-FB
NASDAQ Macro View#NASDAQ Macro View: History doesn't repeat itself but it often rhymes. Here we are in the last phase of the bull market, the blow off top. The gains seeing during this phase are unrealistic and a greed trap to get as many people in the market as possible at the top. The ultimate formula being a huge wave of new retail investors that aren't super educated in markets and unprecedented amounts of leverage.
With my predicted deflationary bust later this year, into 2022, I am seeing a potential drop of 80% in the index from the top. This would back test a major level of resistance from the dot com bubble and 2016.
If you have bought in the last few years and don't plan on taking profit along this phase, there is a high chance you will either sell at a major loss when your loss can't be managed anymore or you will be bag holding for a decade+ waiting to BREAK EVEN.
Big tech has pretty much stayed dormant since September and now appears to be breaking out to drive the indices higher for this last vertical leg. Highly advised to take profits and raise stop losses along the way.
My vision for the next weekOn dayli chart we can clearly see a Cup and Handle pattern with is bullish.
On the next week I can see a downtrend(Handle part of The Pattern) continuation.
Then everything depends on sentiment, news, and earning expected to come from TSLA, MSFT, FB, AAPL, TSLA, GOOGL, AMZN.
I'm staying bullish though.
TSLA volatility income!This equity has had plenty of time to consolidate at near the physiological support of $1,500. Descending wedge pattern and negative RSI divergence insinuates that a correction to the $1,300 could be seen this week. However, with price action supporting the current level very strong the last 2 weeks; a test to $1,650 is well within the range of possibilities. Regardless, volatility is to be expected. Straddles look objectively cheap with the current IV. Food for thought!
Long $AAPL PT $460 #stocks #trading #NQ_F $NQ_F $SPX $SPY $NDX see full chart at www.tradingview.com
AAPL
Entry $407
Target 1 $460
stoploss $376
Why?
$AAPL Just Announced 1 to 4 split!
Last time they Announced a Split was 4/23/14 for 06/09/14
Look at this chart ( they had almost a 20% run!)
Aside from that, they have amazing ER result.
Apple (NASDAQ:AAPL) reported quarterly earnings of $2.58 per share which beat the analyst consensus estimate of $2.04 by 26.47 percent. This is a 18.35 percent increase over earnings of $2.18 per share from the same period last year. The company reported quarterly sales of $59.70 billion which beat the analyst consensus estimate of $52.25 billion by 14.26 percent. This is a 10.95 percent increase over sales of $53.81 billion the same period last year.
Apple Q3 Mac Sales $7.079B, Up 22% YoY,
Apple Q3 iPad Sales $6.582B, Up 31% YoY
Apple Q3 Wearables, Home, Accessories Sales $6.45B, Up 16.7% YoY
Apple Q3 Cash, Cash Equivalents $33.383B vs $48.844B In Same Qtr. Last Year
Apple Q3 Services $13.156B, Up 14.8% YoY
Apple Reports Q3 Americas Sales $27.018B, Up From $25.06B YoY, Europe Sales $14.173B Up From $11.925B YoY, Greater China Sales $9.329B, Up From $9.157B YoY
How can we not be bullish right?
In addition to that, we have seen a lot of bullish momo from big cap split rumors. early July BABA had split rumor and it ran from $215- $265, Tsla also had runs from split rumors in the past.
What is this company about?
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. has a collaboration with Google to develop COVID-19 tracking system for Android and iOS devices. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.
APPLE BOOMOn the DAILY chart we're able to draw a near perfect parallel channel for Apple .
Yes this analysis is simple, but keep in mind trading for the most part is simple, it's the over-thinking that makes it complicated.
Apple is approaching it's previous all time high.
Think of it this way, institutions buy retail trader's disbelief. Emotionally, do you feel in your heart and soul that Apple at these levels during record high unemployment and a pandemic is completely absurd? You're not the only one, and most traders trade with their emotions and institutions happily take the other side of the trade as it's those same emotions that will make the bears buy back their shorts later in a panic, pushing the price to even higher more unreasonable levels.
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