AAPL post earnings breakout scenario Expect new trend after earnings report , Either above 99 or below 93 post earnings. Good luck everyone
Aaple
APPLE OR APPLTRIANGLE PLAYING OUT. break may happen either side. GO SHORT WHEN RED LINE TOUCHES WITH STOP LOSS. Buy when price touches Green line (one lesser degree from 2004 support line), so plan to dump when needed. Go deep short if it fails to break the ultimate red line from the 2015 top. Using options strategy carefully.
AAPL "WEEKLY VIEW"Trade in the now....First we are at support,
Below pivot , lower "potential trade area active
DOW JONES OVERVIEW: APPLE HOLDS 10-YEAR UPTREND TESTDuring the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92.
On short term basis, the price managed to hold 1-year ascending channel (marked by 1st standard deviation from 1-year (264-day) mean, but the risk remains on quarterly basis - the price is below 1st standard deviation from quartelry (66-day) mean @ 116, reflecting probability of more downside here.
Thus we can conclude that while price is trading above lower 1st standard deviation from yearly mean @ 102,80, the overall bias remains positive.
It will be confirmed by price getting back into 5-year uptrend by breaking above upper 1st standard deviation from 5-year mean @ 109
JBLU LONG lots of support Stochastic s turning up JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
apple up :)On we go with the long term trend
Price action has been a bit messy so ive pulled Fib levels from a couple of different areas and its amazing how price has been around them.
Modified Shif is in there as a rough trend guide but I think that major Red Trend line is still in play,
Nice but of indecision yesterday at around 106.30
don't forget Earnings coming up!!! could mean anything
:)
im still long until the chart or earnings tell me otherwise.
Apple Long from $96.60 AreaTesting the 76.4 Fib Line
Recent Break Back through the Bottom channel into the top
Expect to test the Mid line of the Channel again soon. Probably tuesday
Upcoming News expectations will be affecting Pricing.
Should be testing $100 mark within the next week or two.
APPLE LONG SHORT SETUPIDEA IS BASED ONA COMBINATION OF ELLIOT WAVE THEORY, MEDIAN LINE ANALYSIS AND FIBONACCI NUMBERS. THE RATIONALE BEHIND THIS SETUP IS SHOWN ON THE CHART. THIS IDEA IS NOT MEANT AS TRADING ADVICE. IF YOU ARE GOING TO USE THIS SETUP PLEASE DO SO AT YOUR OWN RISK.
