Downtrend Reversal? Buy the Dip!NASDAQ:AAPL
As you know the justice department has issued an Antitrust suit against Apple. This news is going to cause a downtrend in the stock, as expected, because of reaction to the news. However, we can expect a reversal sooner than later.
Apple is at $172.28 as of 03/22/24
Buy until $168.52
Price target(s): $174.27, $178.79
(expectation of a downtrend if the price retraces from this high, it could encounter resistance because traders may be ready with sell orders here)
Apple
NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1.
If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1.
Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024
LONG EURUSD TP 1.0930 REASONS WHY
Economic Sentiment in Europe
The economic sentiment in the European economy has shown signs of improvement1. This could potentially strengthen the Euro against the US Dollar. A positive economic sentiment often leads to increased investor confidence, which can drive up the value of the currency.
2. Interest Rate Decisions
Both the Federal Reserve (Fed) and the European Central Bank (ECB) are anticipated to initiate their easing cycles, potentially commencing in June1. However, the pace of subsequent interest rate cuts may differ, leading to potentially divergent strategies for the two central banks1. Nevertheless, the ECB is not expected to significantly lag behind the Fed1.
3. Technical Analysis
From a technical perspective, there are both bullish and bearish formations showing on the EUR/USD at the moment2. The pair remains as one of the more attractive venues for continuation strategies on USD-strength2. However, a sustained break below the key 200-day SMA at 1.0838 might ignite a deeper retracement1. On the upside, EUR/USD is expected to meet its initial resistance at the March peak of 1.09811.
4. Global Economic Factors
Global economic factors such as geopolitical tensions, trade policies, and global economic growth can also impact the EUR/USD pair. For instance, Europe’s front-line exposure to Russia’s war in Ukraine and the European Central Bank’s tardiness in raising interest rates have driven it to parity, or a 1:1 ratio with the dollar
The Power of Supply and Demand: Apple Stock Smart InvestmentAre you looking to make a smart investment with the potential for high returns? Look no further than Apple stock (NASDAQ: AAPL). In this supply and demand stock analysis, I will explore the power of supply and demand in driving the value of Apple stock and why investing in this tech giant could be a game-changing move for your portfolio. Read on to discover why now is the perfect time to jump on board with one of the most iconic companies in the world.
One of the key factors driving the success of Apple’s stock is its strong weekly demand level, which recently took control a couple of weeks ago at $174 per share. This demand level refers to the amount of interest and investor purchases in a given week. In simpler terms, it reflects how many people buy and hold onto Apple shares.
NIO STOCK TO 10 BUCKS REASONS !!Strong Fundamentals
NIO has been consistently improving its fundamentals. The company’s vehicle deliveries have been growing quarter over quarter, demonstrating strong demand for its EVs. NIO’s battery-as-a-service (BaaS) model is also a game-changer, providing a competitive edge over other EV manufacturers.
Innovative Partnerships
NIO’s recent partnership with CATL to produce EV batteries that can last up to 15 years is another bullish indicator. This collaboration could lead to significant cost savings for NIO and its customers, potentially boosting NIO’s market share in the EV space.
Expanding Market
The EV market in China, the largest auto market globally, is expanding rapidly. The Chinese government’s push for green energy and the growing consumer awareness about environmental sustainability are driving this growth. As a domestic player, NIO is well-positioned to capitalize on this trend.
NVIDIA 1000 SOON ?NVIDIA Corporation (NASDAQ: NVDA), a leading player in the technology sector, has been showing promising signs that could potentially drive its stock price to reach the $1000 mark. Here’s why:
Strong Financial Performance
NVIDIA’s financial performance has been impressive. In 2023, NVIDIA’s revenue was $60.92 billion, an increase of 125.85% compared to the previous year’s $26.97 billion1. Earnings were $29.76 billion, an increase of 581.32%1. This strong financial performance indicates a healthy and growing company.
Positive Analyst Ratings
The consensus rating for NVIDIA stock from 41 stock analysts is "Strong Buy"23. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Future Growth Prospects
According to forecasts, NVIDIA’s revenue for the year 2025 is expected to reach $136.09 billion, representing a growth of 21.67% from the current year1. The EPS for the year 2025 is forecasted to be $30.41, representing a growth of 22.03% from the current year2. These growth prospects could potentially drive the stock price higher.
Dominance in AI and Gaming
NVIDIA’s pivotal role in the artificial intelligence market and its dominance in the gaming industry are key factors that could drive its stock price. The company’s GPUs are widely used in data centers, gaming, and AI, sectors that are expected to grow significantly in the coming years1.
Bullish Technical Indicators
Based on technical indicators, the current sentiment is bullish and NVDA could hit $2,813.93 in 20254. This might be a good time to open fresh positions on NVDA, as trading bullish markets is always a lot easier4.
While the road to $1000 may have its ups and downs, the combination of NVIDIA’s strong financial performance, positive analyst ratings, future growth prospects, and dominance in key sectors makes a compelling bull case for its stock.
Apple Set to License Google's Gemini for iPhonesAlphabet Inc., (NASDAQ: NASDAQ:GOOG ) the parent company of Google, is on the brink of a groundbreaking collaboration with tech juggernaut Apple Inc. A recent report has unveiled negotiations between the two giants to integrate Google's Gemini artificial intelligence engine into future iterations of iPhones. This move not only signals a significant stride in AI integration but also holds immense implications for the competitive landscape of the smartphone industry.
The Genesis of Gemini:
Gemini stands as Google's suite of generative AI tools, encompassing a spectrum of functionalities from chatbots to coding assistants. Developed by Google's AI experts, Gemini represents the pinnacle of AI innovation, promising to revolutionize user experiences across various platforms.
The Apple-Alphabet Nexus:
Amidst whispers of negotiations, Bloomberg's report sheds light on active discussions between Alphabet and Apple, aimed at embedding Gemini into forthcoming iPhone features. The potential implications are monumental, as Apple seeks to harness Google's AI prowess to augment the capabilities of its iconic smartphone lineup.
Market Response and Speculation:
The mere speculation of this partnership has catalyzed a surge in Alphabet's stock prices, with Class A shares soaring by 4.5% in premarket trade. Conversely, Apple shares witnessed a modest uptick, underscoring investor enthusiasm surrounding the prospect of Gemini-powered iPhones.
Impending Innovations:
If negotiations culminate in an agreement, users can anticipate a slew of groundbreaking features propelled by Gemini's AI capabilities. From enhanced voice assistants to predictive analytics, the integration of Google's AI engine has the potential to redefine the iPhone experience, setting a new standard for innovation in the smartphone arena.
Challenges and Considerations:
Despite the allure of this partnership, challenges loom on the horizon. The report indicates that both parties are yet to finalize the terms and branding of the AI agreement, raising questions about the scope and implementation of Gemini within the iPhone ecosystem. Additionally, concerns regarding data privacy and security warrant careful deliberation to ensure seamless integration without compromising user trust.
The Road Ahead:
As Apple gears up for its Worldwide Developer's Conference in June, speculation mounts over the potential unveiling of iOS 18 featuring Gemini-powered functionalities. Moreover, discussions with OpenAI underscore Apple's commitment to harnessing cutting-edge AI technologies to stay ahead in an increasingly competitive market landscape.
Buffett Trims Position in AAPL ! The End of the Apple Car Dream In the wake of Apple Inc.'s recent fiscal first-quarter results, a concerning narrative unfolds as the tech giant faces significant challenges.
Sales in China plummeted by 13%, amounting to $20.8 billion in the quarter ending December 30. This stark decline not only fell short of analysts' expectations, who had predicted $23.5 billion, but also marked Apple's weakest December quarter performance in the Asian nation since the beginning of 2020.
The downward trajectory doesn't seem to stop there. In a notable move, Goldman Sachs has removed Apple stock from its 'U.S. Conviction List,' casting doubt on the company's short-term prospects. This decision by one of the world's leading investment banks signals a loss of confidence in Apple's ability to outperform in the market.
Adding to the turbulence is the breaking news that Apple is winding down its ambitious electric car plans, ending a decade-long venture. According to reports from Bloomberg, the company is set to cut some employees associated with the Apple car project, with many expected to transition to focus on artificial intelligence (AI) initiatives. This strategic shift raises questions about Apple's ability to stay competitive in the rapidly evolving tech landscape, especially given the intensifying competition in the AI sector.
Adding to the mounting concerns surrounding Apple Inc. (AAPL), Berkshire Hathaway, led by legendary investor Warren Buffett, made a notable move in its latest 13F filing. Dated February 14 and covering the period ending December 31, 2023, the report reveals a strategic decision by Berkshire Hathaway to sell approximately 10 million shares of Apple.
My Price Target for AAPL is $168 by mid 2024.
APPLE Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for APPLE below:
The instrument tests an important psychological level 170.73
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 176.80
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
APPLE - EASY RETURN BETWEEN 10% to 16%Nice areas to buy for a potential 10%-16% return on APPLE : Level Between $166 to $171 for a LONG opportunity.
- Algorithm are working towards liquidity zones
- Look previous posts with 90% accuracy on entry spot.
"He's aware of the underlying facts that escape the public eye"
Niverto
APPLE $AAPL - Feb. 23rd, 2024APPLE NASDAQ:AAPL - Feb. 23rd, 2024
BUY/LONG ZONE (GREEN): $187.15 - $196.20 (can be extended to 185.00)
DO NOT TRADE/DNT ZONE (WHITE): $181.50 - $187.15 (can be shortened to 185.00)
SELL/SHORT ZONE (RED): $175.40 - $181.50
Weekly: DNT
Daily: DNT, Lean Bearish
4H: Bearish
Currently would not enter in Apple, NASDAQ:AAPL , as I believe the current zone is untradeable, but something I would be looking for in the next week or so. Bulls could enter around 187.15, but an earlier entry might be above the current daily candle (also the current 4h structural high) around 185.00 or at the top of the bearish zone at 181.50. I did draw a bearish zone although I personally would not be looking to go short. The daily timeframe is lean bearish because the most recent level break was to the downside, weekly would need to see a new low (lower than the most recent two weeks) or a close below level 181.50 to be switched to bearish. 4H has strong bearish structure despite seeing two green days out of the last three.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Apple Market Analysis (AAPL): Evaluating Potential Scenarios 📉 While we're not ones to conjure doomsday scenarios or firmly believe in them, it's undeniable that some charts, stocks, commodities, etc., have the potential to plunge significantly.
Apple NASDAQ:AAPL is one such example. It's essential to clarify that we don't primarily anticipate a 40 to 50 percent drop in Apple's stock price. However, we must acknowledge the possibility.
🔎 Our primary analysis suggests we're dealing with an overarching Wave (3) (in blue) and currently in Wave (4). The question is whether Wave (4) has already concluded at the $124 level with a zigzag-flat movement, or if we might dip lower for Wave (4). There are two possibilities, especially since Wave 1 aligns precisely with the 127 percent level, which is the target for an Expanded Flat. The structure towards the red Wave 1 doesn't distinctly resemble a 5-wave pattern, keeping the second scenario very much in play. If this occurs, we expect prices to reach at least $124, potentially dropping further towards $100.
If we assume that it's indeed a Wave 1, lying coincidentally around $200, we might be dealing with a normal flat structure. Both Wave ((a)), showing a triple structure, and Wave ((b))are at the level of Wave 1, leading us to anticipate Wave ((c)) reaching the level of Wave ((a)). However, a deeper fall is still plausible, ideally stabilizing at the 61.8% level. Anything below this would significantly alter the potential Wave (4) scenario, and we would wait accordingly.
✅ Over the next days, we'll continue to monitor the chart, ready to send out a limit order for this setup if it materializes.
📉 Looking at the potential doomsday scenario, particularly a possible Wave II. This Wave II could reach between 50 and 78.6%. Assuming Wave A as Wave II, as shown, is quite a gamble since it doesn't even reach 38.2% of the total course since 2009. Also, Wave B, as an overshooting wave, precisely hits the 127% retracement from Wave 5 to Wave A, suggesting an extended Wave II correction.
📈 If, however, we surpass $205, this scenario becomes invalid, indicating a continued upward trend. Unless we break this level, there's still a possibility of dropping below $100, a precarious position for Apple. But then, as this is part of Wave II, a significant, long-term rise for Wave III should follow. Whether this happens remains to be seen in the coming months, laying the foundation for either a downward correction or a continued uptrend.
Apple's Bullish TrendNASDAQ:AAPL recently bounced off the $180 support level and building a bullish trend to the upside suggesting that Apple's stock price is poised for further growth.
One of the key drivers behind the bullish sentiment is Apple's continued dominance in the smartphone market. With the recent launch of the iPhone 16 series, the company has once again demonstrated its ability to innovate and stay ahead of the competition. The new lineup has been well-received by consumers and is expected to contribute significantly to Apple's top-line growth in the coming quarters.
With a strong product lineup, a growing Services business, and a solid financial position, the company is well-positioned to reach the $197 price target in the coming months. Taste The APPLE!
#APPLE
aapl → are you ready for a dump?!hello guys...
as you can see apple engulfed the last support and demand zone as a flip area!
on the other hand, made two QM patterns! we can consider it as QMC and QMR too!
those two blue areas are great for getting short positions!
target is 181.6 and 171.3.
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Apple (AAPL): Rangebound with Support in Sight?Key technical levels and potential price swings for Apple stock.
Apple (AAPL) has been trading sideways within a well-defined range of roughly $168.25 - $197.30. The recent price action has seen the stock gravitate towards the lower boundary of this consolidation zone.
Technicals hint at a potential reversal:
Given the stock's close proximity to support around $168.25, a rebound back toward the weekly pivot point could be on the horizon. This would align with a return to the midpoint of the established trading range. Additionally, the presence of a double-top pattern near the upper end of the range bolsters the support argument.
Breach of support could trigger a selloff:
However, a break below the critical $168.25 level could ignite further selling pressure, potentially pushing the stock lower. Notably, a breakdown below the neckline of the double-top formation would provide a strong bearish signal, significantly increasing the likelihood of a more substantial decline.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
EURUSD KEEP FOLLOWING BULL MOVE LONG TERM The EUR/USD currency pair has been making waves recently, and it’s currently dancing around the 1.1150 mark. Here’s what you need to know:
Recent Highs: The pair has been on a bullish streak, reaching its highest level since March 2022 after convincingly breaking above the 1.1100 mark. Bulls are flexing their muscles, and the euro is strutting its stuff against the US dollar 1.
US Dollar Weakness: The greenback has been feeling a bit under the weather. The latest US inflation data showed signs of easing inflationary pressure, causing the US Dollar Index (DXY) to hit its lowest point since April 2022, hovering just above the 100.50 area. Odds of further rate hikes by year-end have also declined significantly 1.
ECB’s Hawkish Stance: Across the pond, the European Central Bank (ECB) remains hawkish. Persistent inflationary pressure in the euro area is pushing them to consider raising policy rates by a quarter percentage point later this month 1.
Upcoming Data: Keep an eye out for more US inflation data. The Producer Price Index (PPI) is estimated to drop from 6.6% to 6.1% annually, while the core figure is expected to decline from 5.3% to 4.8%. Additionally, the ECB will release the minutes of its latest meeting 1.
Technical Levels to Watch
Resistance: The immediate resistance lies near 1.1150.
Support: On the downside, watch out for the previous daily low at 1.1005.
Psychological Levels: The psychological levels of 1.1100 and 1.1200 are crucial battlegrounds
APPLE Long-term buying commencing.Apple (AAPL) is exactly -15% down since the December 14 2023 High and is approaching the Support Zone of the October 26 2023 Low. We are currently on the 3rd major correction of the last 18 months and being that close to both the Support Zone and the bottom of the Channel Down, suggests that institutional buying should be initiated.
If the current overall market volatility evolves into a short-term correction towards the Fed Rate Decision later this month, then there is always the possibility of Apple experiencing another -10% decline. But the upside even from the current level is greater at almost +30% and that is a conservative target based purely on the Higher highs trend-line since the August 17 2022 High.
We recommend buying now and if the price drops more as mentioned, a final buy on the 1W MA200 (red trend-line), which has been untouched for almost 8 years (since June 28 2016)! Our Target for late Q2 is $215.00. Note also that the 1D RSI hasn't been that low (oversold at 23.00) since February 02 2018, which adds more to the bullish case.
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NIO BACK TO 10 BY 2025 !!NIO’s stock has potential for growth in the coming years due to several factors:
Analyst Predictions: The 8 analysts with 12-month price forecasts for NIO Inc. stock have an average target of 11.31, predicting an increase of 95.67% from the current stock price1.
Earnings and Revenue Growth: NIO is forecasted to grow earnings and revenue by 55.5% and 22.4% per annum respectively2.
Competitive Positioning: NIO is a significant player in the electric vehicle market, which is expected to grow rapidly in the coming years. It has been able to position itself as a strong competitor, even causing disruptions for established players like Tesla