AAPL Potential for Bearish Continuation | 30th November 2022On H4 chart, we have an overall bearish bias for AAPL . With price tapping into our sell entry at 150.38, where the 38.2% Fibonacci line is located. Stop loss will be at 157.50, where the previous swing high was located. Take profit will be at 134. 40 , where the previous low is located.
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Apple
Apple found support at $135.Apple - 30d expiry - We look to Buy at 135.03 (stop at 129.74)
Levels below 135 continue to attract buyers.
We look to buy dips.
We look for a temporary move lower.
Posted a Double Bottom formation. A lower correction is expected.
Bespoke support is located at 134.50.
Our profit targets will be 148.28 and 150.28
Resistance: 155.00 / 160.00 / 164.00
Support: 146.00 / 138.00 / 134.50
Disclaimer – Saxo Bank Group.
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AAPL Potential for Bearish Continuation | 24th November 2022On H4 chart, we have an overall bearish bias for AAPL . With price tapping into our sell entry at 150.38, where the 38.2% Fibonacci line is located. Stop loss will be at 157.50, where the previous swing high was located. Take profit will be at 134. 40 , where the previous low is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
AAPL Potential for Bearish Continuation | 22nd November 2022On H4 chart, we have an overall bearish bias for AAPL . With price tapping into our sell entry at 150.38, where the 38.2% Fibonacci line is located. Stop loss will be at 157.50, where the previous swing high was located. Take profit will be at 134. 40 , where the previous low is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Apple bearishI think there is more downside for the Apple stock. The MACD still look overbought. All previous markets have ended with Apple testing 50 EMA on a monthly chart. There are few instances (1999, 2001, 2008) where Apple stock went below 50 EMA on a monthly chart. I still believe that the Apple stock will eventually bottom out between 80 and 90 which is below 50 EMA. One of my previous post on Apple:
DOW JONES leading the way against BITCOIN, APPLE, GOLDIt may come as a surpris to many but Dow Jones has been in the past month leading major markets in bullish momentum. Compared to Bitcoin, Apple and Gold, the Dow Jones index has not only broken above its 1D MA200 (orange) in the past month but also above its Falling Resistance (Lower Highs) from it market high.
On the other hand a major growth asset like Bitcoin has never been above its Falling Resistance or above the 1D MA200 since January, virtually the whole year. Apple remains below both its Falling Resistance and the 1D MA200 where it had two rejections in the past 30 days while the safe haven asset of Gold, despite breaking above its Falling Resistance this month, it has last week an emphatic rejection below the 1D MA200.
Is Dow leading the way to investors?
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Apple: BlackoutApple is currently preparing for Black Friday and paving its way to to the top. We're expecting the course to exceed the resistance at $157.50 to complete wave (B) before dropping below the support line at $129.08 into the grey zone between $126.62 and $109.22, establishing new lows. After completing the white wave IV, the course should turn upwards and rise above the support at $133.20.
AAPL Potential for Bearish Continuation | 16th November 2022On H4 chart, we have an overall bearish bias for AAPL. With price tapping into our sell entry at 150.38, where the 38.2% Fibonacci line is located. Stop loss will be at 157.50, where the previous swing high was located. Take profit will be at 134.40, where the previous low is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.