APPL potential for bullish continuation | 10th MarchPrice near buy entry level of 155.96 in line with 61.8% Fibonacci retracement. Price can potentially go to the take profit level of 168.57 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is at support level.
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APPL
Apple - Extremely Bearish Outlook - Andrew RoupasIn todays analysis, I will be looking at and breaking down the reasoning for my incredibly bearish stance against apple as we will be looking at the weekly time frame in todays breakdown. To begin, we can easily use prior levels of S&R in combination with Fibonacci levels of retracement, which in my opinion give us a clear map as to what will occur within the following weeks. We have obviously topped and this is clear by simple candlestick analysis as price has rejected numerous times on the Weekly and that the trend IMO is about to reverse. The floor is about to fall through and the first drop in price, based on fib levels that I have drawn, indicate $150 to be the target price which I have drawn a yellow line horizontally. Furthermore as we focus on the Moving average convergence divergence (MACD) specifically by focusing in on the histogram we can clearly see in my opinion a clear forecast of a drop in price. Buyers tried this past week to take back position, now that lower highs are being made and many buyers securing profits, this is a prime play in my opinion to short. Any comments or opinions would be greatly appreciated.
Apple March to $100Apple #1 in the Nasdaq 100 with the biggest weight. Although they seem stable, that doesn't mean they can not come down. Below are some key factors that would contribute to Apple selling towards $100.
Key Factors
Economic Slowdown, reduced revenue & earnings.
P/E Ratio is around 28x
1M & 1W have room to sell.
FOMC Decision.
Recession risk from raising rates.
Closed below 50MA and 100MA
Targets
$150 Short Term (2 weeks)
$140 Late February
$120 Long Term (Summer 2022)
200MA is $147.75 which is very possible in a 2-week span.
How to Accurately Read My Schiff PitchforkAnother link to the Schiff Pitchfork idea is also below in "Related Ideas" :
I realized that sharing my Schiff Pitchfork idea may not have been sufficient enough to allow others to be able to use it efficiently and accurately. I wanted to make a video that shows people how I use the Schiff Pitchfork to trade and analyze; Along with some extra tips.
The video is 20 minutes, but well worth it and shows my analysis for BTC since I have came back to charting this January 13th.
In related links, you can also find the idea "BTC End above 41,700 potential". That idea shows some of the analysis on the movements during those times.
Thank you for watching the video. I hope you enjoyed it. Stay Healthy and Stay Safe.
Apple Looking to Move Higher? Apple - Short Term - We look to Buy at 156.38 (stop at 151.92)
We look to buy dips. Prices expected to stall near trend line support. Previous support located at 156.38. Intraday signals are mixed. We are approaching the medium term support and look to set longs on an approach to this level.
Our profit targets will be 167.38 and 174.20
Resistance: 170.00 / 176.00 / 180.00
Support: 160.00 / 155.00 / 150.00
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Possible BTC MovementI'll keep this one short. I thought this seemed to be the most likely movement for BTC, if people wanted to see it be bullish. I just really don't see a reason for it to be bought until it can come up a bit more or go down a bit more.
I may actually be more worried about its price if it pushes up without coming back down to atleast 36.8-39k
Check related idea if you want to see or use the Schiff Pitchfork that I am using.
Best and Easiest Explanation of Where BTC and The Market StandsIf you haven't been to my streams or watched my content this year, then believe me when I say that this video will be worth while. Even to a seasoned analyst, I believe the way I look at things will add a useful new perspective.
EST = UTC-5
I stream every week day from 9:20 EST to 10:00 and from 1:20 EST to 2:20.
I believe I currently have ~50 Hours of stream content since Jan 28th. Feel free to watch that to better understand how I analyze and trade.
I spend on average 5 minutes for a trade entry and 5 on a trade exit.
I call what options and when I trade options on stream every time ; down to the strike price and the expiration date. I like to be transparent. I also will give my opinion/targets on any coin or stock for free. I don't expect payment/coins for anything.
APPL short positionSignals
Position: Short
Entry price: $180.61
Target price: $161.10
Stop loss: $186.10 (3%)
Indicators
MACD line is above the signal line, suggesting that it has a bullish momentum and once it enters the restriction zone, the price is likely to get rejected and drop into the support zone.
Conclusion
We expect that the price will come up to the restriction zone and go back down to the support zone. We could entry as a short position, with the price set slightly lower than the highest restriction level. Stop loss is set at 3% regards the range of considered zone.
Not financial advice.
Nasdaq Earnings RallyBased on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow 2/2 the Nasdaq should break through.
I still hold strong to a bear market based on countless economic issues from:
Inflation
Poor Retail
Pending Home Sales Decline
Tapering Ending in Feb
Balance Sheet Reduction
Raising Rates
0.1% Q1 GDP estimate by Atl Fed.
When the Fed pumps, logical news doesn't matter. Good news is good, and bad news is good. This alone tells you this a bubble, where equities no longer react because retail investors influence has become smaller and smaller in equities. Retail investors are but a drop in the bucket compared to $120 Billion in 0% QE money.
Apple heading for TL retestWatch 160 closely, followed by 155/156; these are the levels that should provide support. 160 beautifully happens to be around 100 day EMA, 0.5 FIB and right at TL retest, all enough reason for a bull bounce ahead of earnings that will dictate the longer term direction. Ugly H&S formation on the daily is noticeable and is cause for concern.
Is Apple in a bubble? Is it overvalued? Judge for yourself.
Apple PE Ratio as of January 21: 28.90
PE Ratio Range in the past 5 Years:
Minimum: 11.69, JAN 3 2019
Maximum: 41.80, DEC 28 2020
Average: 22.51
Median: 18.93
Further upside for $TSLA-Price resting on the .50 fib from the 3D chart after bouncing off the .382
-3D: Positive divergences: HIST, RSI, CCI, MOM, VWMACD, MFI
-PSAR Flipped positive on the 1D
-MACD about to flip green on the 1D and has already flipped on the 4H. RSI increasing on both
-Likely to breakout to the upside from the bull flag given TSLA's overall strength
-Only 1 earning announcement was negative since 2019 so it's likely likely be positive in May. This could either lead to a creep to the upside until earnings announcement or be drastically hindered by interest rate hike announcements.
-Tesla is technically a motor vehicle industry but the stock behaves alot like the tech sector. Traditionally when interest rates increase, technology stocks are hit the hardest so keep a look out in the next few months.
-Buy in after a daily confirmation above $936 and stop set below $891. TP1: $1091
-If stop is hit, expect further downside to the .618 fib at $767
Follow up trade on appleAPPL has seen a move outside of its efficient area and an inefficient move higher. Longer term Inefficient moves have favored the upside, yet IF this efficient area holds we may continue to see APPL slide lower all of this is predicated on the bond markets movements, higher = higher stocks lower= lower stocks
APPL BULLISH OR EEARISH ??? FULL ANALYSIS1. Volumetric base at the Bottom will push the scrip up .
2. reversal is waiting for broader market
3. Nicely corrected and crossed the median of the regression channel
4. near the Support and demand zone , will bounce bcak
LIKE if you agree with the analysis