Apple H&S PossibilityLatest update for Apple. We may see some sort of recovery in July, which may see markets across the board move up. If we break the selling trend, it will have created a head and shoulders when selling continues downward. Again, this is a possibility, as selling might intensify.
Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This is in addition to a worse than expected Retail, Consumer Sentiment, Consumer Confidence, ect. We'll see.. for now, we're neutral on this. MACD is VERY bearish for the 1M.
Appleinc
AAPL: No longer the apple of the eyes of the investors EPS: $1.88 vs. $1.94 estimated, down 10.9% year over year
Revenue: $117.15 billion vs. $121.10 billion estimated, down 5.49% year over year
iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down 8.17% year over year
Mac revenue: $7.74 billion vs. $9.63 billion estimated, down 28.66% year over year
iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year
Other Products revenue: $13.48 billion vs. $15.23 billion estimated, down 8.3% year over year
Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year
Gross margin: 42.96% vs. 42.95% estimated
Don't Buy AAPL in Short TermAs we can see in the above weekly charter, Apple(AAPL) is doing a correction in wave (C) in black to complete the wave II in red. The wave (C) will be done in wave 5 in blue.
- ALERT: We expect Smart Buyers will appear around $140~142
- Apple(AAPL) has a strong correlation with NASDAQ and this also shows the similar structure. We need to continue following this correlation.
Apple -> Short Term ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside.
On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
APPLE I Trading strategy I Key Area 🎯Welcome back! Let me know your thoughts in the comments!
** Apple Analysis - Listen to video!
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Apple -> The Bulls Are StrongHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock just recently perfectly broke above a key previous weekly resistance area exactly at $155 and now after this break all of this previous resistance is turned support.
You can also see that we have a long term downtrendline coming in exactly at $165 which is turned very strong resistance again, so I am now just waiting for a retest of the $155 support area and then I do expect a move to retest the $165 resistance line.
On the daily timeframe you can see that my last analysis on Apple (linked below) already played out nicely, I am now just waiting for a minor break and retest of the current resistance area before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Time to SHORT Apple ....! very likely bearish momentumShort Apple @CMP
TARGETS - 127 / 120
SL - 163
Hello Traders,
welcome to this free and educational m technical analysis .
On the weekly timeframe you can see that Apple stock is currently having rejection from previous weekly resistance area which we had at $160
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
APPLE I Wait for retest of previous structure and continuationWelcome back! Let me know your thoughts in the comments!
** APPLE Analysis - Listen to video!
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Apple -> Attacking The All-Time-HighsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153.
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
On the daily timeframe you can also see the beautiful breakout above the resistance, I am now just waiting for a retest and bullish confirmation before the next impulse towards the upside is very likely to happen.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> All Eyes On The BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is once again retesting the quite strong resistance area exactly at $156.
You can also see that this is already the fourth retest from a weekly perspective and the more often we actually retest a zone, the higher the likelihood that we will eventually break it, so from a weekly timeframe I am now just waiting for a breakout above the resistance and a retest and then definitely the continuation towards the upside.
On the daily timeframe you can also see that Bulls are always trying to push Apple stock above the resistance, I think that we are definitely ready for a breakout with my next upside target being at $165.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
🍎Apple🍎Analyze (Bearish 🦈Shark🦈 Harmonic Pattern)!!! 🍎Apple🍎 was able to make a Bearish 🦈Shark🦈 Harmonic Pattern near the resistance line and PRZ (Price Reversal Zone).
Since I expect that NASDAQ and S&P500 will go down, I believe my Shark will work too.
Also, we can see the Hidden Divergence (HD-) between MACD Indicator and price.👇
Apple Analyze Daily Timeframe (Log Scale /Heikin Ashi)⏰
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APPLE showing strong upside based on its AI tech and Cup & HandlCup and Handle has formed on Apple showing strong upside to come
21>7 - Bearish
Price>200 Bullish
RSI>50
There are a few mixed signals with bulls and bears but this is what happens during the transition of a change in direction.
Anyways, we need the price to break up and out of the brim level before we see upside.
Target $177.60
ABOUT APPLE and AI TECH
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976, with Wayne leaving the company shortly after.
In 2020, Apple became the first publicly traded U.S. company to reach a market capitalization of $2 trillion.
In the same year, Apple also announced its plans to become carbon neutral across its entire supply chain by 2030.
Apple launched its first 5G-enabled iPhone lineup in late 2020, featuring the iPhone 12, iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max.
Apple also launched its first over-ear wireless headphones, the AirPods Max, in late 2020.
In 2021, Apple announced a major update to its privacy policies, requiring all app developers to disclose what data they collect and how it is used.
Apple introduced the redesigned iMac with an M1 chip in May 2021, featuring a slim design and seven color options.
Apple has been incorporating AI into its services, such as Apple Music, which uses machine learning to recommend personalized playlists and albums to users based on their listening habits.
Apple uses machine learning algorithms in many of its products and services, such as the Photos app, which can automatically identify and categorize images using facial recognition technology.
Apple to break even higher?Apple - 30d expiry - We look to Buy a break of 157.65 (stop at 152.04)
This is curremtly an actively traded stock. 157.50 has been pivotal.
Short term momentum is bullish.
A break of the recent high at 157.38 should result in a further move higher.
Our outlook is bullish.
The primary trend remains bullish.
Our profit targets will be 171.65 and 173.65
Resistance: 157.50 / 160.00 / 163.50
Support: 152.50 / 149.50 / 143.90
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Apple -> Could It Be More Obvious?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term rejection away from the support zone and then the longer term continuation towards the upside.
On the daily timeframe it seems like today's candle will close with a massive rejection wick, indicating selling pressure so it is quite likely that we will see at least a short term rejection away from this resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
APPLE SELLPeace be upon you, merchants. Apple stock is negative. with a fracture. Double BOTTOM. It is a strong model and was unable to break a very strong resistance. At the price of 156. There is the possibility of re-testing. The price is 150. And re-disembarkation. to the level of 143. what do you think
Apple -> Is This The Top?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Apple stock just recently tested and already rejected a very obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are having a bullish weekly ema crossover, however I personally think that we will retest the next support area at $135 before then creating the continuation towards the upside.
On the daily timeframe I am now just waiting for a clear break and retest of the previous support zone which would then be turned resistance before I then do expect a next short term impulse towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple, falling from the tree? Elliott waveIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Putting out a Flat vibe here. Need a bounce and impulse up to be valid here. Dump below 145 would be sus for this pattern, not an invalidation but meh. There is some support near by as well. So if it does break below that, would be watching for it to play as resistance if it pulls back to the level correctively.
Cheers!