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APPLE @ Daily @ Basic Scenarios after all-time high 2015Main DownSide Trend - 132.84 (2015/07/20) & 123.60 (2015/11/04) - BreakedUp 2016/08/01 The question i am asking myself is: "Are all bearish formation are processed - and be left behind ???" the SellOff day in August`15 the selling pressure in january`16 the trendreversal in hune`16 & july`16 the DownSide Gap in may`16 & august`16 From there the actuallity TradingBox is essential - for higehr prices !!! `Cause it confirms only waht iam trying to explain. How ever, i am thuiking the chart speaks for itself. A good price action above 112.52 & 108.13 while the next 5 trading days next week should animate more traders to except a better development again - and even as consequence create a new upside trend into 123.79 & 119.94 at least. Before it again goes to 134.63 at least (even all-time high) and higher !? But don`t get euphoric !!! I am personally pretty neutral, `cause this autumn we`ve got a sideway trend under the dash ... Only when AAPL trade this week above the TradingBox (112.52 & 108.13) this week - so in the next 5 days - i`ll get long again probably :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NASDAQ:AAPL
by Devise2Day
APPLE @ daily Chart @ with new Yearly High (last Monday) from 2016-04-24 to 2016-07-26 - between 89.46 and 101.01 w-formation was created Usually a w-formation is an trend-reversal-formation. And this w-formation was even created under the extended downside trendline after alltime highs in 2015 132.84 (2015-07-21): start of the downside trendline after alltime highs in 2015 123.60 (2015-11-04): end of the downside trendline after alltime highs in 2015 112.71 (2016-09-23): Friday (last trading) Closed After the breakUP of the downside trendline after alltime highs in 2015 the breakUP was etablished by two new lows (a) even above the w-formation (101.01) (b) even above the downside trendline after alltime highs in 2015 (102.24) Right here right now we got a short term trading box 116.19 (2015-09-19): yearly high of 2016 112.71 (2016-09-23): Friday (last trading) Closed 111.55 (2015-09-23): intraday low of friday To trade new yearly highs is the mid-term trading zone essentiel False breakOUT of the downside trendline after alltime highs in 2015 112.71 (2016-09-23): Friday (last trading) Closed 112.38 (2016-04-14): highs while the false breakOU-formation in april`16 108.07 (2016-04-17): lows while the false breakOU-formation in april`16 1st target is 119.19 112.71 (2016-09-23): Friday (last trading) Closed only if the share falls while october (or while the next 4th quarter`16) under 103.91 (gap before the w-formation was created) under 102.87 (gap after the w-formation was created) under 102.47 (low after the the w-formation was created) the big technical picture will not be constructive. So even above 102.47, even above 102.87 & even above 103.91 the big techical picture is still sugessting higher prices. Higher prices until 119.19 and higher - while this year 2016. Long-Term BUY Signal Meanwhile also the 100 SMA is only 70 Cent under the 200 SMA !!! Usually a 100 SMA upside cross over the 200 SMA is suggesting also higher prices ... 112.71 (2016-09-23): Friday (last trading) Closed 102.06 (2016-09-23): 200 Daily SMA 101.36 (2016-09-23): 100 Daily SMA Take care & analyzed it again - it`s always your choice ... Best regards 4XSetUps
NASDAQ:AAPLLong
by Devise2Day
APPLE @ basic Scenario since ATH (freestyle)134.63 alltime high 132.84 start of the downside trendline 123.79 end of the downside trendline 123.79 trading box between the downside trendline & 1st low after alltime high 119.94 trading box between the downside trendline & 1st low after alltime high 119.19 low price of the alltime high trendreversal formation 112.52 trading box after false breakout of the downside trendline 108.13 trading box after false breakout of the downside trendline The 1st target ist 119.19 - but i am thinking that the share will oscialating between 112.52 & 119.19 in september`16. In the 3rd Quarter should be the trading box (119.19 & 123.79) only a question of time. So that the shares should raise up into new alltime highs 2017 - even 134.62 Take care & analyzed it again - it`s always your choice ... Best regards 4XSetUps
NASDAQ:AAPLLong
by Devise2Day
APPLE 4% ALGO SPIKE? LOWER VOLS & VOLU; HIGHER NEGATIV VOLS CORRAlgo spike 4% to $101.8? At 18:19 BST Apple stock surged from 99. to $101.8 and back again all within a minute. It was Likely to be algo driven OR a data/exchange error - though no news outlets reported either or offered any other speculation. Though $101.8 is the closest near by resistance strong hold for apple, so it would be a weird coincidence for a "data error" to trade to that price - equally as possible none the less. IMO, because there was little volatility after the event and also because Apple is now struggling to break the $100 i think it was probably a data/exchange error. If it was an actual demand induced algo spike, the stock would have experienced signifcant price volatility after the event as much of the markets TP/SL levels would have caused a large wave of stochastic automated buying/selling as positions are closed out. Further, if the spike was real, apple should have been able to trade above $100 easily today; 1. As $101.8 would be a clear bull target level. 2. as the spike would have removed all of the $100TP selling pressure last night - meaning there would be little volume left to continue long squeeze selling today (which annoyingly has been the case). Volume Apple Volume fell significantly on Monday by 40% to 23m vs 39m (1month av.) and 43m (6month av.). In the first half of trading today, volume was also 7% down from yesterdays first half at 11.23m vs 12.0m - signalling today may continue the bullish trend. This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL risk at these prices, as they seek higher prices before they offer higher supply, hence volume stays low and the stock trades with a bid bias - hence the gap up at the open today - illustrating the supply & demand disequilibrium caused by low supply side liquidity and maintained order demand. Volatility & Apple vs VXAP Correlation We continue to have a bullish view from a vols perspective as vols dropped yesterday despite an algo driven spike to $101.8 (4%). Apples CBOE VXAP continued to sell off, closing yesterday at 21.64 from 21.73 Friday. Also the correlation between APPLE and its Implied volatility index continued to fall deeper into negative territory - surpassing levels seen in the last bull run to $112 which peaked at 90% (92% to 94%), This reinforces the bullish volatility signal - as historically, a higher negative relationship sets the best environment for Apple price growth.
NASDAQ:AAPLLong
by QuantumLogicTrading