AAPL Share Price Soars after Record Buyback AnnouncedAAPL Share Price Soars after Record Buyback Announced
Yesterday, after the end of the main trading session, Apple published its report on its activities for the 1st quarter:
→ Earnings per share: actual = $1.53; expected = $1.505;
→ Gross income: actual = $90.75; expected = $90.36.
The better-than-expected report came as a relief to investors after reporting lower sales in five of the last six quarters. In addition, the following could give positive feedback to market participants:
→ Apple's forecast is that its iPad manufacturing and services business will grow at double-digit rates;
→ company investments in AI. “We think we're well positioned,” Chief Financial Officer Luca Maestri told Bloomberg Television's Emily Chang. CEO Tim Cook is expected to outline Apple's artificial intelligence strategy at its annual Worldwide Developers Conference in June.
→ Apple Inc.'s big plan to restore investor confidence. It consists of a record $110 billion share buyback and a 4% dividend increase.
As a result, AAPL's price rose nearly 8% in post-market trading, exceeding $185 per share, although yesterday's close was around $173.
Technical analysis of the APPL chart today shows that:
→ if trading opens today at a price above $180, a significant bullish gap will form on the chart, which can serve as support in the future;
→ price dynamics suggest that the bulls are trying to break the downward trend channel (shown in red), and send the price further within the ascending channel (shown in blue), which begins in 2023;
→ with the B→C move being approximately 50% of the A→B move, this is a long-term bullish sign that allows us to evaluate the pullback from the important psychological resistance at $200 as a correction within the long-term uptrend.
According to TipRanks, the average analyst price forecast for AAPL stock is $200 in 12 months. But it's possible that AAPL's target price could be raised given recent strong fundamentals.
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AAPL
Apple sees drop in revenue and net incomeApple delivered its financial results for the second quarter of fiscal year 2024. According to the report, the company generated revenue worth $90.753 billion, down 4.3% YoY, and net income of $23.636 billion, representing a decrease of 2.16% YoY. Operating income amounted to $27.9 billion for the same period, falling 1.5% YoY. In addition to that, Apple announced the largest share buyback program in the company’s history, amounting to $110 billion.
Net revenue = $90.7 billion (-4.3% YoY) vs. $94.8 billion in FY2Q23
Net income = $23.6 billion (-2.16% YoY) vs. $24.1 billion in FY2Q23
Operating income = $27.9 billion (-1.5% YoY) vs. $28.3 billion in FY2Q23
Earnings per share = $1.53 (0% YoY) vs. $1.53 in FY2Q23
Illustration 1.01
The illustration above shows Apple's price action in the aftermarket, with shares soaring more than 7%.
Additional information
Operating costs rose 5.2% YoY to $14.3 billion.
iPhone sales fell 10.4% YoY.
Mac sales increased nearly 4% YoY.
iPad sales went down 16.6% YoY.
Sales in the wearable, home, and accessories category dropped 9.6% YoY.
Revenue from services grew by 14.1%
The company’s liabilities declined by about 9.4% YoY.
Apple increased its dividend to $0.25 per share.
Forward guidance
Apple did not provide any forward guidance. However, its CEO, Tim Cook, said the company plans to announce in regard to artificial intelligence. On top of that, he expressed optimism about the company’s operations in China.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
AAPL has IndoChina headwinds SHORTAAPL is here on a 120-minute chart in what appears to be a falling wedge pattern.
As volatility gets compressed further it could break down or break out with a bais for
the latter. I believe that the rise of generic phones in China and Inda with comparable
cameras and other functionality has impacted AAPL as had the rising prices of its
flagship products. Time will tell how this plays out. In the meanwhile, I will consider that
AAPL stays in its wedge and play the top trendline with a short and go long from the
bottom. At present , with price at the upper resistance trendline, I will add to my short
position. I see AAPL staying underneath the 0.5 Fib retracement level of the uptrend for
the time being.
Apple ($AAPL) Set to Report its Second-Quarter ResultsApple is ( NASDAQ:AAPL ) facing low expectations as it prepares to report its second-quarter results, with its reputation as a market leader being refuted this year. The company's reputation for outperforming in all market conditions has been refuted, as it sharply lags peers with better growth, a clearer AI narrative, and a cheaper price tag. However, there may be less room for disappointment with a lowered bar, especially with a massive buyback announcement likely. Analysts expect Apple to add another $90 billion to its repurchase program, suggesting it will follow Alphabet Inc. and Meta Platforms Inc. among the big-tech names that have announced huge buybacks this year. Apple ( NASDAQ:AAPL ) has already spent more than $650 billion buying back its own stock since 2012.
The buybacks have been a way for Apple ( NASDAQ:AAPL ) to support earnings, with revenue expected to fall almost 5% this quarter, representing its weakest rate in more than a year. Overall tech revenue is expected to rise 8.6% this quarter, according to Bloomberg Intelligence. The growth trends largely reflect the Greater China region, which accounted for nearly 19% of Apple's 2023 revenue. The stock is down 10% this year, compared with a gain of 3.9% for the Nasdaq 100 Index.
Analysts are largely cautious, with the consensus for Apple's full-year revenue dropping 2.2% over the past quarter and the view for its net earnings being down 0.8%. Fewer than 60% of the analysts tracked by Bloomberg recommend buying the stock, a ratio well below that of another megacap tech. Google paid Apple $20 billion in 2022 alone to be the default search engine on its Safari web browser, according to unredacted documents that surfaced on the eve of closing arguments Thursday that will wrap up the Justice Department's landmark antitrust trial.
APPLE This is why you should not miss this buy opportunity.Apple (AAPL) dived by -18% from the December 14 2023 High and following yet another rejection on its 1D MA50 this week, many turned increasingly skeptical over the stocks future. On this chart however, we examine Apple's ratio against Nasdaq (NDX) and gives a very clear answer.
As you can see, the ratio is about to form a Death Cross on the 1W time-frame, with the price attempting a rebound after having been hammered below the 1W MA200 (orange trend-line). In the past 11 years, every time the ratio was below its 1W MA200 (green arc) and on a 1W Death Cross in particular, that was the market bottom and Apple largely outperformed the rest of the index.
In fact the minimum it rose by until the next large correction was +53.54% and the maximum +95.31%. In 1W RSI terms, this bottom is very similar to January 2013, when the RSI also got extremely oversold at 20.00.
Bottom-line: Apple is most likely expected to outperform the index in the coming years, thus presenting a very rare long-term buy opportunity.
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AAPL:A Bearish Reversal Looms with Potential Downside of -9.22%?Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:AAPL !
On the Daily timeframe, we've spotted a significant double-top pattern , suggesting a potential bearish reversal if the neckline is breached. Also, the price has fallen below the EMA200 line, indicating ongoing selling pressure. Despite two attempts, it hasn't managed to break above the EMA200 line, indicating strong resistance. This resistance could lead to a potential downturn in Apple's stock. Recently, there was a breakout below the neckline, confirming the bearish trend. Furthermore, MACD is showing bearish divergence in the negative zone, supporting the idea of a downward movement towards our target at 149.55."
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on AAPL."
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EU's Digital Dominance Crackdown: Apple's iPad Added to RadarThe European Union (EU) has extended its regulatory reach to encompass Apple Inc.'s iconic iPad. This expansion, under the auspices of the Digital Markets Act (DMA), underscores the EU's commitment to fostering fair competition and curbing potential monopolistic tendencies among Big Tech giants.
The decision marks a significant juncture for Cupertino-based Apple, as it faces a new set of stringent rules aimed at ensuring a level playing field in the digital arena. The DMA, which recently came into full force, targets six tech behemoths deemed as digital "gatekeepers," including Apple ( NASDAQ:AAPL ), Meta Platforms Inc., Alphabet Inc.'s Google, Amazon.com Inc., Microsoft Corp., and ByteDance Ltd., the parent company of TikTok.
Under the DMA's purview, designated firms are compelled to adhere to a series of preemptive measures aimed at thwarting anti-competitive practices before they can take root. Notably, Apple ( NASDAQ:AAPL ) now has a six-month window to align its iPad ecosystem with the regulatory framework outlined by the EU. This entails a gamut of obligations and prohibitions, including allowing users to download apps from sources beyond Apple's ecosystem and granting them the ability to uninstall preloaded applications.
Margrethe Vestager, the EU's Competition Commissioner, emphasized the rationale behind bringing iPadOS under the DMA's umbrella, citing its pivotal role as a gateway for numerous companies to reach their customers. She underscored the EU's commitment to preserving fairness and competition in the digital marketplace, signaling a proactive stance against potential monopolistic behaviors.
Apple's ( NASDAQ:AAPL ) response to the regulatory encroachment reflects a delicate balancing act between catering to European consumers' needs and addressing the new privacy and data security risks posed by the DMA. The company remains steadfast in its commitment to delivering value to European users while navigating the evolving regulatory landscape.
The inclusion of the iPad in the DMA's ambit signifies a broader trend of regulatory scrutiny confronting tech giants worldwide. With regulators increasingly scrutinizing digital platforms' market dominance and their impact on competition and innovation, the tech industry faces a paradigm shift in regulatory oversight.
The ramifications of the EU's digital dominance crackdown extend far beyond Apple ( NASDAQ:AAPL ), reverberating across the tech ecosystem and prompting industry-wide reflection on business practices and market dynamics. As regulatory pressures mount, tech companies are compelled to reassess their strategies and business models to navigate the evolving regulatory terrain while maintaining their competitive edge.
In this era of heightened regulatory scrutiny, the EU's move to bring the iPad under the DMA's purview underscores the imperative of fostering fair competition and innovation in the digital marketplace.
Despite the regulatory scrutiny, Apple Inc. ( NASDAQ:AAPL ) stock is up 4% trading with a moderate Relative Strength Index (RSI) of 58.85 indicating further room for growth.
APPLE Technical Analysis! SELL!
My dear followers,
I analysed this chart on APPLE and concluded the following:
The market is trading on 169.28 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 167.62
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
APPLE The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 164.94
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 170.59
Safe Stop Loss - 161.57
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Weekly Outlook - 27/04/2024Last week brought huge earnings reports for some of the big US tech companies, with mixed reactions. We saw META lose 7% during the previous week after a great earnings report, and Alphabet (GOOG) soaring 10% on Friday. Next week, we will see earnings from Amazon (Tuesday) and Apple on Thursday as well as other large cap earnings reports. Will the market be pricing in higher earnings off the back of last week's form?
First, let's observe the broader markets...
S&P 500
SPX looks to have created a bearish break of structure. I am anticipating a retrace into the pattern, at approximately $5,200 (around a 2% up move), at which point, the price may look to reverse to the downside. We can find confirmation for this on the RSI, where the momentum, which was holding at ~40, was broken and bulls are clearly losing power for the time being.
DXY
The DXY (or dollar index) is inversely correlated to the S&P 500. To put it simply: dollar goes up; stocks go down, and vice versa.
In this image, you can see that the DXY has broken down from the highs and is looking to retrace. We have already seen a throwback into the consolidation pattern, and are now looking for the dollar to retrace...thereby adding confluence to the fact that stocks will see a rise in the early days of the week
AAPL
For AAPL, it is simple. A break below $165.67 would cause a major impulse to the downside, targetting ~$149.50. However, with current momentum, what I believe is more likely is a retrace to between $186 and $191 (an increase of nearly 10% and 13% respectively). For this to happen, a clean break of the swing high at 178.36 would need to occur.
That's all for this market outlook. In conclusion, I am looking for a declining dollar and rising stocks in the early part of next week.
Let me know what you think.
Cheers
Apple Explores Partnership with OpenAI for iPhone Generative AIIn a bid to elevate user experience to unprecedented heights, Apple Inc. ( NASDAQ:AAPL ) is reportedly in talks with OpenAI to integrate the startup's cutting-edge generative AI technology into its forthcoming iPhone features. This potential collaboration marks a significant stride towards imbuing smartphones with human-like interaction capabilities, reshaping the landscape of mobile technology.
Empowering iOS 18:
According to reports from Bloomberg News, Apple ( NASDAQ:AAPL ) and OpenAI have reignited discussions, delving into the intricacies of a potential partnership that could see OpenAI's innovative AI features seamlessly integrated into the fabric of iOS 18, the next iteration of Apple's flagship operating system. The envisaged features promise to revolutionize user engagement, offering personalized and contextually relevant interactions that mimic human conversation.
A Strategic Evolution:
As the tech giant explores avenues to augment its product ecosystem, the alignment with OpenAI underscores Apple's commitment to fostering innovation and enhancing user satisfaction. By harnessing the prowess of generative AI, Apple ( NASDAQ:AAPL ) seeks to redefine the boundaries of smartphone functionality, propelling the iPhone into a realm where intuitive and empathetic interactions are not just conceivable but imminent.
The Quest for Perfection:
While Apple ( NASDAQ:AAPL ) has been deliberate in its approach to adopting generative AI, the renewed discussions signify a pivotal moment in the company's evolution. With competitors like Microsoft and Google already integrating similar capabilities into their products, Apple's foray into generative AI signals its determination to stay abreast of technological advancements and deliver unparalleled experiences to its users.
Exploring All Avenues:
Amidst the negotiations with OpenAI, Apple remains open to exploring alternative partnerships, including the possibility of licensing Google's Gemini chatbot. The tech titan's cautious approach underscores its commitment to meticulous deliberation, ensuring that the selected partners align with its vision of innovation and excellence.
Shaping the Future of Interaction:
As the tech landscape continues to evolve, the potential collaboration between Apple and OpenAI holds immense promise for the future of human-computer interaction. By infusing iPhones with generative AI capabilities, Apple ( NASDAQ:AAPL ) aims to transcend the confines of conventional technology, ushering in an era where devices not only respond to user commands but also anticipate and empathize with their needs.
AAPL | InformativeNASDAQ:AAPL
It has formed a Head and Shoulders pattern on the 4-hour chart, and it is hovering around the bullish trendline from the previous year. The direction it takes is uncertain at this point. However, based on the bearish pattern, it is expected to move downwards. It's worth noting that many Head and Shoulders patterns have failed to materialize, especially on large caps and indices that are heavily anticipated by the market.
AAPL in Risk of Bear MarketApple is having a tough period with weakening China demand, lack of growth and innovation, AI lag, regulatory challenges that threaten its lucrative walled garden business model and other headwinds. These challenges weigh on the stock, which shed more than 10% in the first quarter. Along with Tesla, they were the only stocks to fall, among the Magnificent Seven.
The situation deteriorated further in April, as AAPL hit the lowest levels in a year and is now in risk of a bear market . Moves below $160 would mean losses of 20% and more from the December record high, which is generally viewed as the threshold for a bear market.
On the other hand Apple is still one of the most valuable companies in the world and investors are unlikely to give up on it and there are reasons for optimism. iPhone sales have shown resilience and the smartphone market is poised for a rebound. Its CEO appears determined to not let China fall, but also looks to India, which has significant untapped potential. Apple also launched the Vision Pro AR headset this year, looking for an early entry to a nascent market, while AI progress could be showcased soon.
AAPL is having a good week and although we could see further rebound, the upside contains multiple roadblocks. Closes above the EMA200 would be required for the downside momentum to halt.
The stocks trajectory will be influenced by the upcoming earnings report, which is due on May 2. Top and bottom lines, China & India performance, guidance and AI progress, will be some of the focal points.
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Past Performance is not an indicator of future results.
APPLE Bouncing off extremely strong Support Cluster.Apple (AAPL) completed yesterday 3 straight green 1D candles, the longest such bullish streak in 3 months (since January 25). The rebound has been initiated inside the Lower Highs Zone that started after Apple's former All Time High (ATH) on January 04 2022.
The are a lot of recurring patterns involved as well, with one being that the current Channel Down that started on the December 14 2023 High, was rejected on the Resistance Zone that the previous Channel Down also did on the July 19 2023 High. That one made a Double Bottom on the Former ATH Lower Highs Zone after a rejection marginally above the 1D MA50 (blue trend-line) before rebounding.
With the 1D RSI within a Channel Down as well since that High and having rebounded from its lowest level since February 2018, we have a very strong case for buying Apple, at least on the medium-term, targeting again the Resistance Zone's bottom at $198.00.
If it follows the pattern of the 2023 rally, we can even see it hitting the 1.382 Fibonacci extension at $211.00 or even higher by the end of the year since the pattern that on the January 03 2023 market bottom, is a Channel Up.
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AAPL Apple and the DOJ Antitrust LawsuitAfter the previous price target was reached:
Warren Buffett has been a prominent supporter of Apple (NASDAQ: AAPL) in recent years. However, there is speculation that his enthusiasm for the stock may have diminished. In the fourth quarter of 2023, Berkshire Hathaway reduced its holdings in the tech giant.
This move occurred before the U.S. Department of Justice (DOJ) announced that it, along with 16 state and district attorneys general, was suing Apple for alleged violations of antitrust laws. The question now arises: Will Buffett continue to sell off Apple stock in response to the DOJ antitrust lawsuit — and should others consider following suit?
The complaint filed by the department in the U.S. District Court for the District of New Jersey outlined various allegations against Apple, including that the company:
- Prevented the availability of iPhone apps designed to facilitate easier transitions to alternative smartphone platforms for consumers.
- Hindered the advancement of mobile cloud streaming services enabling consumers to play video games without necessitating expensive smartphone hardware purchases.
- Excluded messaging apps on iPhones that seamlessly operate across different smartphone platforms.
- Restricted the capabilities of competitors' products in comparison to the Apple Watch.
- Constrained competing digital wallets by prohibiting apps from enabling users to utilize tap-to-pay functionality.
My price Target for AAPL is now $165.
AAPL → a double top?!hello guys...
apple broke the descending trendline and after that made double top!
however, the neckline has not broken yet!
if the yellow area breaks down we can expect a downward movement toward the blue area!
so the target will be 144$
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Apple Struggles in China as Huawei Stages Smartphone ComebackThe Chinese smartphone market, a crucial battleground for tech giants, is witnessing a significant shift. According to research firm Counterpoint, Apple has experienced a concerning 19.1% decline in iPhone sales during the first quarter of 2024. This slump comes in stark contrast to the impressive 69.7% surge in smartphone sales enjoyed by China's own Huawei over the same period.
This news paints a worrying picture for Apple's dominance in the world's largest smartphone market. The reasons behind the decline are multifaceted. Some analysts point towards a slowdown in overall smartphone sales in China. However, Huawei's impressive growth suggests a deeper issue specific to Apple.
One potential factor is the recent launch of Huawei's Mate 60 smartphone. This flagship device boasts a powerful, next-generation 5G chip, potentially enticing consumers looking for cutting-edge technology. Apple's latest iPhone offerings might not have possessed the same level of innovation in the eyes of Chinese consumers.
Another possibility lies in the ongoing geopolitical tensions between the United States and China. Nationalistic sentiment could be driving Chinese consumers towards domestic brands like Huawei, especially considering the ongoing US sanctions against the company. This could be further amplified by any negative media coverage surrounding Apple.
Furthermore, Apple's premium pricing strategy might be hindering sales in a market increasingly focused on affordability. While the iPhone is known for its quality and brand recognition, competitors like Huawei are offering compelling features at a more competitive price point. This could be particularly appealing to budget-conscious consumers.
The decline also raises questions about the effectiveness of Apple's marketing strategy in China. Perhaps the company hasn't effectively communicated the value proposition of its latest iPhones to the Chinese market. Cultural nuances and a deeper understanding of consumer preferences might be crucial in reigniting sales.
Looking ahead, Apple will need to take decisive action to address this challenge. Here are some potential strategies the company could consider:
• Product Innovation: Introducing features that resonate with Chinese consumers, potentially focusing on advancements in areas like camera technology or integration with popular Chinese social media platforms.
• Localization: Tailoring marketing campaigns and product offerings to cater to the specific tastes and preferences of the Chinese market. This could involve collaborating with local influencers or offering unique features specific to China.
• Competitive Pricing: Re-evaluating its pricing strategy in China. While maintaining its brand image, exploring options to make iPhones more accessible to a wider range of consumers.
• Partnerships: Potentially forging strategic partnerships with Chinese firms to improve brand image and distribution channels.
The Chinese smartphone market is fiercely competitive, and Apple's recent decline serves as a wake-up call. While the company still boasts a loyal customer base globally, it needs to adapt and innovate to maintain its position in China. Addressing the issues discussed above could help Apple regain its footing and ensure its long-term success in this crucial market.
This situation also highlights the rise of Chinese tech giants like Huawei. With a strong focus on innovation and a deep understanding of their domestic market, these companies are increasingly challenging established players like Apple. The global smartphone landscape is likely to see a fascinating battle unfold in the coming years, with Chinese firms potentially shaping the future of the industry.
AAPLWe previously analyzed AAPL on 9/30/2023, today I'm here to update. Weekly chart Currently the price is in the correction period. If the price cannot break through the important resistance level at 198.4, there is a chance that the price will go down. Consider selling if the price cannot break through the resistance level.
>>GooD Luck 😊
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APPLE $AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024APPLE NASDAQ:AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024
BUY/LONG ZONE (GREEN): $173.50 - $181.50
DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $173.50
SELL/SHORT ZONE (RED): $161.50 - $168.15
Weekly: Bearish
Daily: Bearish
4H: Bearish
NASDAQ:AAPL price has been slowly moving through my previous DNT zone but was taking some time. I decided to make a new analysis with current structure and levels that I view as important. I made new targets for the bulls and the bears, but have kept the most recent targets still shown on the charts.
Looking at the 4H timeframe NASDAQ:AAPL price has displayed strong bearish momentum, a correction, and then downwards continuation before it began to range through the descending channel. There has been bearish structure shown on the Weekly, Daily, 4H, and lower timeframes so I am leaning towards looking for shorts to follow the trend.
Previous targets are still shown and will be linked below.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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APPLE My Opinion! SELL!
My dear subscribers,
APPLE looks like it will make a good move, and here are the details:
The market is trading on 176.55 pivot level.
Bias - Bearish
My Stop Loss - 179.03
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 171.21
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK