APPL
Regression Trends, Support and ResistanceThe broader Nasdaq Composite Index had a great reversal day, but what comes next? The top 4 market cap players were testing support and resistance lines, indicating indecision on where investors think the market will go. Having one of these make a big move either direction would certainly impact the others and the broader index.
Taking a look at overall market, there is a lot of room to move downward if that's the direction that things take. Even in the shorter term of 1 year, the market is very extended beyond the Regression Trend midpoint. There's plenty of support historically, for the market to take a large correction in the other direction to bring the average growth back to the midpoint. In fact, you can see that as 35y, 5y, 2y regression midpoints converge to nearly the same location.
These regression midpoints aren't perfect, but even adding some +/- error to the locations, it still gives the market a lot of room to move down.
Outcomes could be support near the 1y midpoint where you'd also have 200d support and the pivot point of the previous peak. That would be near a 15% decline.
Beyond that, there is not much support until you get to the bottom of the March crash. So another ~15% drop would be feasible.
2020 already claims 3 of the 20 largest percentage drops in Nasdaq history.
And it's 2020 - it wants to be the best at being the worst!
AAPL- Going to pre-covid level by Sep End. First target $89-$93$AAPL peaked with $138.52 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside.
In Wave A, total 5 waves will be there and today done with Wave 1 from $138.52 to $111 & Wave 2 to $122 .
Now, will resume Wave 3 and currently in Sub Wave 2 of Wave 3 which is a great opportunity to short.
Targets -> Wave 3 - $89, Wave 4 - $99 & Wave 5 - $82
Please follow to get notified when I updated the idea.
Good luck.
APPLE INCThe market is taking a little break. to decide on his next direction. if he breaks with power the (496).
There is a great probability that it will drift towards the blue line around (456) this line tightens as support of this uptrend.
But if ever we break from the top (518) with power there is a probability that we will hit (560)
TSLA Five-For-One Stock Split/ (AAPL) Four-For-One Stock SplitInformation on Apple and Tesla’s stock split
Apple has announced a four-for-one stock split, and Tesla has announced a five-for-one stock split. The stock split ex-date for both Apple (AAPL) and Tesla (TSLA) is Monday, August 31, 2020.
If you already have a stock position:
On the morning of the ex-date, you will see four times the number of Apple shares you had on the previous night. The opening price will be one-fourth less, and subject to market fluctuation after opening.
If you have an open options position:
On the morning of the ex-date, you will see four times the number of Apple options you had on the previous night. The strike price will be one-fourth less.
For Tesla, Inc. (TSLA) five-for-one stock split
If you already have a stock position:
On the morning of the ex-date, you will see five times the number of Tesla shares you had on the previous night. The opening price will be one-fifth less, and subject to market fluctuation after opening.
If you have an open options position:
On the morning of the ex-date, you will see five times the number of Tesla options you had on the previous night. The strike price will be one-fifth less.
If you trade Apple or Tesla pre-split:
If you buy AAPL or TSLA stock or open AAPL or TSLA options positions up to and including August 28, 2020, you are trading pre-split shares and options. You will have the same results as above.
If you sell AAPL or TSLA stock or close AAPL or TSLA options positions on or before August 28, 2020, you are closing pre-split positions. You will not receive any new shares or options as a result of the stock split.
If you trade Apple or Tesla post-split:
If you trade AAPL and/or TSLA stock or options on or after August 31, 2020, you are trading post-split. The share you are trading have already been adjusted for the split.
How will the Apple and Tesla stock splits affect open orders?
Open stock orders of 100 shares or greater
Open buy orders of 100 shares or greater will be adjusted on the morning of the ex-date, August 31, 2020. For example, a stock order of 100 shares of Apple (AAPL) before the ex-date will be adjusted to 400 shares of AAPL on the morning of August 31. A stock order of 100 shares of Tesla (TSLA) before the ex-date will be adjusted to 500 shares of TSLA on the morning of August 31.
In the case of limit orders to buy, stop orders to sell, and stop limit orders to sell, any order entered prior to market close on August 28, 2020 will be adjusted for ex-date after the market closes on August 28, 2020.
Limit orders to sell, stop orders to buy, and stop limit orders to buy will not be adjusted, but will now be significantly away from the market price.
The price will also be adjusted in conjunction with the split terms unless entered as a Do Not Increase order.
Open stock orders of 99 shares or fewer
Limit orders to buy, stop orders to sell, and stop limit orders to sell that are entered prior to market close on August 28, 2020 will be canceled for ex-date after the market closes on August 28, 2020.
Limit orders to sell, stop orders to buy, and stop limit orders to buy will not be canceled.
Please note: Stock orders entered after market close on August 28, 2020 will not be adjusted or canceled. Some stock orders may be rejected for aggressive pricing or invalid stop price on ex-date August 31, 2020, before the market opens.
Open advanced stock orders will be canceled before the ex-date, by Saturday August 29, 2020.
Options orders
Open options orders will be canceled before market open on Monday August 31, 2020.
TITLE/(DATE)- SELL LIMIT TSLA
ASSET- TSLA
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 1D
ENTRY PRICE 1- $2360.00(Pending)
ENTRY 2- $2,418 (pending)
STOP LOSS- $2,460 (1000 PIPS)
TAKE PROFIT 1- $1860.00 (5,0000 PIPs)
TAKE PROFIT 2- $1360.00 (10,000 PIPs)
TAKE PROFIT 3- $860.00 (15,000 PIPs)
TAKE PROFIT 4- $418.00(19,942 PIPS)
STATUS🚨 PENDING🚨
TITLE/(DATE)- SELL LIMIT APPLE
ASSET- APPL
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 1D
ENTRY PRICE 1- $504.00(Pending)
ENTRY 2- $524.00 (pending)
STOP LOSS- $544.00 (400 PIPS)
TAKE PROFIT 1- $404.00 (1,0000 PIPs)
TAKE PROFIT 2- $304.00 (2,000 PIPs)
TAKE PROFIT 3- $204.00 (3,000 PIPs)
TAKE PROFIT 4- $140.00(3,600 PIPS)
STATUS🚨 PENDING🚨
Apple Announces 4-For-1 Stock Split To Bring In New InvestorsApple just put its shares on sale.
The iPhone giant announced after the market closed Thursday that its board approved a 4-for-1 stock split for every shareholder of record at the close of business on August 24. This means each Apple shareholder will receive three additional shares for every share held. Shares will begin trading on a split-adjusted basis on Aug. 31.
On Friday, Apple's stock jumped $40.28, or 10.5%, to $425.04.
A stock split doesn't change the underlying value of the company, it just lowers the share's price. For every share a shareholder owns, they will now own four. However the value of the shares will be one-fourth what they had been. The value to existing shareholders is that it adds liquidity and makes the shares more affordable to new investors.
It also signals to the market that the stock price has been rising. Investors want stocks with positive momentum. So, this tells investors that the stock has done well and can now be bought at a cheaper price.
Stock splits remain relevant for companies that want to bring in a wider base of shareholders, especially ones who had been put off by the high share price. Based on today's closing price, after the split Apple's shares would cost $106.26 apiece. Lowering the share price increases demand, especially among retail investors who want to own the stock, but couldn't afford to pay $400 for a single share. Increased demand typically causes a stock's price to rise. And this is how the existing shareholders benefit from the stock split.
Since going public in 1980, Apple’s stock has split four times. In 1987, 2000 and 2005 the stock was split on a 2-for-1 basis. In June 2014, the Cupertino, Calif., company split the stock on a 7-to-1 basis.
Apple made the announcement during its release of third-quarter earnings . The company posted stellar results that beat analysts' estimates despite the challenging quarter in which most of the world went into lockdown because of COVID-19.
For the quarter ended June 30, revenues jumped 11% year over year to $59.7 billion. Net income leapt 12% to $11.25 billion, or $2.58 per diluted share, compared with $10.0 billion, or $2.18 a share in the year-ago quarter. The consensus estimate of analysts was for net income of $52.24 billion, and $2.04 a share.
“Our June quarter performance was strong evidence of Apple’s ability to innovate and execute during challenging times,” Luca Maestri, Apple’s chief financial officer said in a written statement. “The record business results drove our active installed base of devices to an all-time high in all of our geographic segments and all major product categories. We grew EPS by 18% and generated operating cash flow of $16.3 billion during the quarter, a June quarter record for both metrics.”
With $33 billion in cash on the balance sheet , in addition to the stock split, the board of directors declared a cash dividend of $0.82 per share of the company’s common stock. The dividend is payable on August 13 to shareholders of record as of the close of business on August 10.
LIMIT ORDER SET
TITLE/(DATE)- BUY LIMIT APPLE
ASSET- APPL
PLATFORM- MT4
ORDER TYPE- BUY LIMIT
Time Frame- 1D
ENTRY PRICE 1- $120.00(Pending)
ENTRY 2- $110.00 (pending)
STOP LOSS- $100.00 (200 PIPS)
TAKE PROFIT 1- $160.00 (400 PIPs)
TAKE PROFIT 2- $210.00 (900 PIPs)
TAKE PROFIT 3- $260.00 (1,400 PIPs)
TAKE PROFIT 4- $320.00(2,000 PIPS)
STATUS🚨 PENDING🚨
TITLE/(DATE)- SELL LIMIT APPLE
ASSET- APPL
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 1D
ENTRY PRICE 1- $504.00(Pending)
ENTRY 2- $524.00 (pending)
STOP LOSS- $544.00 (400 PIPS)
TAKE PROFIT 1- $404.00 (1,0000 PIPs)
TAKE PROFIT 2- $304.00 (2,000 PIPs)
TAKE PROFIT 3- $204.00 (3,000 PIPs)
TAKE PROFIT 4- $140.00(3,600 PIPS)
STATUS🚨 PENDING🚨
Is it time to buy Apple stock? No, Wait for the correction!Is it time to buy Apple stock? No! Wait for the correction!
Like other companies in the technology sector, which in recent months have been rising more and more, it's time to turn on the red alert.
For those who own Apple stock, it is recommended to protect the invested capital. Good profit is profit in the pocket.
For those who are not purchased at Apple, wait for the price correction.
The points of attention are the two GAPS left in this last bullish cycle.
Apple Announces 4-For-1 Stock Split To Bring In New Investors.Apple just put its shares on sale.
The iPhone giant announced after the market closed Thursday that its board approved a 4-for-1 stock split for every shareholder of record at the close of business on August 24. This means each Apple shareholder will receive three additional shares for every share held. Shares will begin trading on a split-adjusted basis on Aug. 31.
On Friday, Apple's stock jumped $40.28, or 10.5%, to $425.04.
A stock split doesn't change the underlying value of the company, it just lowers the share's price. For every share a shareholder owns, they will now own four. However the value of the shares will be one-fourth what they had been. The value to existing shareholders is that it adds liquidity and makes the shares more affordable to new investors.
It also signals to the market that the stock price has been rising. Investors want stocks with positive momentum. So, this tells investors that the stock has done well and can now be bought at a cheaper price.
Stock splits remain relevant for companies that want to bring in a wider base of shareholders, especially ones who had been put off by the high share price. Based on today's closing price, after the split Apple's shares would cost $106.26 apiece. Lowering the share price increases demand, especially among retail investors who want to own the stock, but couldn't afford to pay $400 for a single share. Increased demand typically causes a stock's price to rise. And this is how the existing shareholders benefit from the stock split.
Since going public in 1980, Apple’s stock has split four times. In 1987, 2000 and 2005 the stock was split on a 2-for-1 basis. In June 2014, the Cupertino, Calif., company split the stock on a 7-to-1 basis.
Apple made the announcement during its release of third-quarter earnings. The company posted stellar results that beat analysts' estimates despite the challenging quarter in which most of the world went into lockdown because of COVID-19.
For the quarter ended June 30, revenues jumped 11% year over year to $59.7 billion. Net income leapt 12% to $11.25 billion, or $2.58 per diluted share, compared with $10.0 billion, or $2.18 a share in the year-ago quarter. The consensus estimate of analysts was for net income of $52.24 billion, and $2.04 a share.
“Our June quarter performance was strong evidence of Apple’s ability to innovate and execute during challenging times,” Luca Maestri, Apple’s chief financial officer said in a written statement. “The record business results drove our active installed base of devices to an all-time high in all of our geographic segments and all major product categories. We grew EPS by 18% and generated operating cash flow of $16.3 billion during the quarter, a June quarter record for both metrics.”
With $33 billion in cash on the balance sheet, in addition to the stock split, the board of directors declared a cash dividend of $0.82 per share of the company’s common stock. The dividend is payable on August 13 to shareholders of record as of the close of business on August 10.
TITLE/(DATE)- BUY LIMIT APPLE
ASSET- APPL
PLATFORM- MT4
ORDER TYPE- BUY LIMIT
Time Frame- 1D
ENTRY PRICE 1- $120.00(Pending)
ENTRY 2- $110.00 (pending)
STOP LOSS- $100.00 (200 PIPS)
TAKE PROFIT 1- $160.00 (400 PIPs)
TAKE PROFIT 2- $210.00 (900 PIPs)
TAKE PROFIT 3- $260.00 (1,400 PIPs)
TAKE PROFIT 4- $320.00(2,000 PIPS)
STATUS🚨 PENDING🚨