AAPL dedlong way down for the smart phone giant, i guess that's what you get for re-releasing the same product for 25 years straight. no innovation, more censorship the opposite of what the market wants. a few humanitarian issues being dealt with at the moment becoming no doubt the catalyst. If the monthly levels had held potentially could have kept pushing but with the impending recession and consumer spending on the hilt this will probably crash. sub $100 should be expected at this point, lower levels mark if the full force of a depression hit the economy. with the impending competitor in elon, you can guarantee aaple will have to fork over market share to him.
Aaplshort
AAPL short term bounce wolfe wave setup into TuesdayThere is a wolfe wave setup on the 78 min time frame. Keep in mind that there is no official BUY Entry that triggered. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 230 which coincides with the 6 day ma. The ETA , May 23, 2023, is defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection line which is the line that extends from left to right. If aapl fails to rally back above the 6 day ma $140, then expect more weakness to follow thru for another 52wk low attempt.
AAPL Bearish Setup signals caution with support levels in play$AAPL The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. The monthly chart of AAPL is raising some eyebrows about how the market will perform in December 2022 and 2023. Typically post midterms, the markets are generally strong into 2023 and the average ROI% is 15% if aggregate the past 15 years of post midterm election performance. Along side with TESLA, the same bearish wolfe wave started developing in January 23,2022. Apple is a company that is known to be one of the largest companies in the world by market cap. And if it breaks 150 and sells off, the entire tech sector sells off with it exponentially. Wolfe waves are great in detecting when a stock enters in bull or bear markets. It removes irrational exuberance and allows the trader to focus price and volume which are the main ingredients in determining momentum. And until the stock price can trade above 155 and close above it for the month of November, then the monthly candle will likely follow thru and aapl could end up retesting it's previous 52wk $183 which would be a double top. At this point in time, I think aapl may be able to rally back above 155 and retest the previous 52 wk high into Christmas rally and January effect. Keep in mind this is a monthly candle so the timing is much different than an intraday analysis. Compare the monthly charts between tsla and aapl and you will see some similarities which will help guide you on your next trade entry, exit or DCA.
AAPL Bearish as it forming bearish divergence against SPY & QQQThe recent strength (the past week) in AAPL has been a great opportunity to get bearish and protect capital on this stock. From the late October highs (around earnings time) on AAPL, SPY, and QQQ to the recent highs we have on those 3 stocks, AAPL is making a very bearish divergence against the SPY and QQQ. If you have followed me for a while you know that I have been bearish on AAPL and really thinking we are going to see massive moves lower on AAPL as much of the capital will be liquidated out of the stock and invested in other areas of the market that provide better opportunity going forward. AAPL seems like it is being treated as a safe haven, especially compared to other similar stock in tech (Down from all time high: AAPL 18%, MSFT 31%, GOOGL 36%, AMZN 51%, NVDA 56%, AMD 56%, TSLA 57%). There are starting to be real bargains in stocks among a bunch of different sectors, but the 1 stock that has held up well and could provide the capital to invest in those other areas (whether in tech or not) is AAPL. The next market moves lower will be much larger and come in large part from AAPL.
AAPL/Apple, hold on to your butts In this idea I love how easy this is to see what is about to happen here. Real simple pattern. I don't trade stocks, but I can see the patterns in any chart. If you agree throw me a like and follow me for more charts and concepts that keep you in the gains. Much Love to my Supporters ND
AAPL BULLISH AND BEARISH SCENARIO (DOUBLE TOP) $$$As you can see, a double top formed weeks ago, and since the second peak in price, AAPL has been consistently declining, indicating that the market has properly priced this double top. We are on our way to the neckline, which tells us that if we bounce off it, we may retest the resistance, but if we break it, we will see serious bearish price action.
Apple - Will next earnings reinforce the selling pressure?After the 242% run-up from its lows during the 2020 crash to its high in January 2022, Apple gave up almost 20% in regard to the current value. In addition to that, the introduction of the new iPhone 14 has not created much hype among consumers and market participants. Since the release of the new product, the price has continued to be choppy and seemingly returning to its 2022 lows.
Because of that, we will continue to monitor the Apple stock in the coming weeks and provide a more detailed update on the price and its potential future direction. However, at the moment, we abstain from setting a price target for this stock title.
Illustration 1.01
Illustration 1.01 displays the daily chart of Apple stock and two moving averages, 20-day SMA and 50-day SMA. In addition to that, two yellow arrows point to natural retracements toward the price's moving averages, acting as a correction of the downward move. If the price fails to break above the 20-day SMA and then subsequently above the 50-day SMA, then it will add to a bearish consensus.
Illustration 1.02
The picture above shows the weekly chart of Apple stock and two simple moving averages; now, 20-week SMA and 50-week SMA. The yellow arrow pinpoints the similar retracement toward (and even above) these SMAs; in this particular example, the retracement represents a strong correction of the downtrend.
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. Therefore, your own due diligence is highly advised before entering a trade.
2X $AAPL MEETS TREND LINE, TP 2 HIT 10%$AAPL has been on a run since JUNE '22, but it was time for a reversal to set in after rejecting the trendline in this bearish market we had to catch this move to the downside! TP2 HIT! Almost 12% Move with $19.35 price change. We are playing the pullbacks and moved down to @ TP3!
Apple (AAPL) - Taking a bite out of its Market CapGood Day. We've seen recently in the markets, an over-exuberant reaction to the possibility of the Fed inexplicably changing course, in the face of generationally-high levels of inflation, that threatens to become endemic, and create longer-term problems for the US (and other global) economy.
Mr Market may have realised they could have got their bets 'slightly wrong'.
And these past few weeks, we've been tracking Apple - taking profits, and exiting completely in anticipation of THIS move.
Forget cognitive bias and your emotions - sometimes you can be bearish on the broader market, and yet still bullish on the stock. If that's the case, depending on the weakness of the broader market, it may be time to sell, take profits and wait for the next opportunity to scale in.
Let me know what you see in the charts above.
Order Flow, Liquidity, Market Structure = all the confluences we use and need to know, when trading.
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Figuring Out Finance