APPL
The Undervalued Apple and Facebook and the S&PThe Stock market is not the economy, We have an over hedged and under allocated Stock Market with inflation risk on the horizon. The bulls have picked SPY to consolidate their wealth and the Bears picked precious metals, and the investors went with both because everything was undervalued and to hedge downside. AAPL is not over valued, it gives rich folks 6% yield and FB is also not over valued, their don't matter right now. All that matters is that they will continue to perform well and return yield. Rich investors here have been building up wealth in apple and Facebook for a rainy day because we know AAPL should be priced much higher because it has share buybacks and dividends. Metals have also been trading conservatively over the years. There's so much money is bonds and cash that assets can only go up and everyone is hungry for yield. The Stock market was trading conservatively over the years because "nasdaq should be at 20k by now and SPY at 500" with the bulls. What a weird time in the stock market.
TECH BUBBLE 2.0The tech Crash in 2000 took 3 years to bottom out... and longs lost 80% in that time.
The 2008 financial crash took 2 years to bottom out, and longs lost 57% in that time.
The 2020 crash... oh, I think it hasn't even started yet... I would stick to short positions or day/swing trading... and I wouldn't even consider going long on anything until the Lower Bollinger band is hit on the monthly chart... currently at 5991
I think we all know what's coming... It'll be a fun ride if you're prepared in either direction.
GL.
Short $AAPL against $450 or in any rally
Hello Sophisticated Trader,
My last analysis on the $APPL stock was spot on, so I'm taking another look at it. I projected this price by year-end, however, market action has exceeded expectations. Fundamental is great for the company and the approved 4-1 stock split would send the pair back to over $100 in a month. In the meantime, technical are overbought, while the rumors of 3000 satellites are giving the share price a boost. Still, I'm shorting the rally for the lower price to buy.
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Dr. Lydia Smith
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APPLE LONG AUG 14-21 ! BULLS WAKING UP?FA Event: Stock split, retail may jump in on a pump initiated by institutions. Not an easy trade by any means, we do have momentum on our side but $408 is the end of what could be an AB=CD pattern shown on the chart. Expecting a pull back to get in on a scalp trade.
Long apple. Note key levels on the chart. Following strict stop loss.
If we re-test 397.80 Level as shown on the chart, entering long calls for $420 Strike.
Stop loss below 386.50 Level as shown.
Please follow and your feedback on charts would be highly appreciated :)
Apple Stock Giving Us Doji Power.We want to focus on apples stock now as the 3 day is showing signs of a doji candle, ema dots shift red and the rsi shifts for a Crossover in overbought territory.
July 29th we get a close to see how valid this formation will setup. We want to see the candle close and begin to shift red also to align all indications. Hold your horses, let it play.
I have this one on my radar.
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Can APPL Confirm the Bullish Trend? Today we will do a full technical analysis on APPLE INC on the 1H and explain why I recommend bullish (long) trade advice, and also discuss the bearish scenario.
As we can see the upper resistance of this ascending channel is definitely weaker than the support line.
With break-out , the resistance didn't hold well. Also we can see a break-out got rejected, but we have to keep this behavior in mind so you don't get stopped out when you want to enter a short.
This lower support line of the ascending channel is very strong and it has at least 4 confirmed touches.
Now that the price is at the close to the middle line of the channel, so we can see two scenarios play out. Either it breaks upwards and we can enter a long towards the upper resistance of the channel, or it breaks downwards and we can short until the lower strong support line.In general, because APPLE is trending upwards recently.
I would advice to have a bullish bias here and suggest the most likely scenario of a bullish continuation