Applelong
APPLE ON THE RISE (NEW)APPL remains in the downtrend however on 27 of October Apple is going to announce their earnings report which is expected to be positive therefore we expect the price to break above the downsloping resistance line and then pump towards our targets.
MACD has a bullish crossover which is also a point for bulls. More positive momentum is expected to appear.
How to trade:
take a long position if / when the price breaks above the downsloping trendline. You can wait for a retest of the trendline as a support which would be a confirmation of the potential short' term reversal.
Final target and take profit level are shown in the chart
good luck!
🟢 AAPL - 3D (06.10.2022)🟢 AAPL
TF: 3D
Side: Long
SL: $137.69
TP 1: $152.38
TP 2: $156.92
TP 3: $161.46
Apple should show some growth in the coming weeks with the support of the 200D EMA.
RSI and MACD look like they could support the movement. 1M time frame also looks good to make way for the growth.
AAPL: Time to buy!Today, AAPL just released its newest Q3 earnings report, beating both expectations for earnings and revenue. The company reported 1.29 earnings per share, compared to the prediction of 1.269 by analysts, and reported 90.14 Bil of revenue, beating expectations of 88.74 Bil. Although there was less growth in IPhone sales, all other aspects of the company look quite optimistic. In the face of a wave of earnings compression, Apple is doing surprising well. Now, I consider myself to be an investor and not a trader, but in order to fine-tune my entry, technicals are needed. As Apple's stock price just hit support at ~$145, boosted by positive earnings, we could see a buying wave in the next few months or so.
Boost this idea for it to reach other investors!
Apple: App, App and Away?! 🍏Surely, it has been a roguh ride for the Apple stock but things start to look rosy. Our primary expectation centres around a continued lift-off, so that the support at $133.20 will be further left behind. The most important step will, however, be to overcome the red zone between $159.74 - $171.30, as the bears have a 40% chance to pull the price to new lows from there.
APPLE LONGWe are expecting the Price to fall below at our crucial support zone between 132$ and 137$ and then bounce back for a reverse of the trend.
MACD is already in a bullish momentum since lines crossed.
RSI looks positive
Williams alligator green line crossed with red. We need to see all lines cross for a buy signal.
Things are getting a bit fruity (AAPL)Apple
Short Term
We look to Buy at 153.98 (stop at 149.64)
Preferred trade is to buy on dips. Previous support located at 153.00. The 50% Fibonacci retracement is located at 152.51 from 128.86 to 176.15. The 50 day moving average should provide support at 155.40.
Our profit targets will be 163.76 and 176.00
Resistance: 165.00 / 176.00 / 180.00
Support: 153.00 / 140.00 / 129.00
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Apple (AAPL) - Taking a bite out of its Market CapGood Day. We've seen recently in the markets, an over-exuberant reaction to the possibility of the Fed inexplicably changing course, in the face of generationally-high levels of inflation, that threatens to become endemic, and create longer-term problems for the US (and other global) economy.
Mr Market may have realised they could have got their bets 'slightly wrong'.
And these past few weeks, we've been tracking Apple - taking profits, and exiting completely in anticipation of THIS move.
Forget cognitive bias and your emotions - sometimes you can be bearish on the broader market, and yet still bullish on the stock. If that's the case, depending on the weakness of the broader market, it may be time to sell, take profits and wait for the next opportunity to scale in.
Let me know what you see in the charts above.
Order Flow, Liquidity, Market Structure = all the confluences we use and need to know, when trading.
Check our profile if you're interested - we look to post regularly here, and we're also posting frequently on our other platforms. Cheers.
Best,
Figuring Out Finance
APPLE IS TURNING GREEN 🍏 - MARKET IS ON!!!My theory that APPLE will be the crucial chart is paying dividends.
APPLE Share is on the Rise, above key resistance of 154$
My targets are 212$ and 249$
I had told everyone here: Things can get better faster than most think:
I also shared with you today how Tech beats inflation (i used the Tesla chart given that Elon tweeted today):
Market could be on the rise again and our Saturday morning could be something like this:
Call me crazy, i don't mind, after all i'm super fine even if i would be making sense to just myself but during the 'Panic days' I posted this: If there is something about the markets is the 'correlation' with America. I have learned how to pay attention to the 'signals' Americans give. In this case it was Biden signaling the rebound and i paid attention, that's all.
Empire strikes back. Negative GDP was painted Green.. Professor is Long.
One Love,
the FXPROFESSOR
What to expect from Apple's upcoming earnings report All eyes will be set on the earnings of tech heavyweights including Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) this week.
Apple is scheduled to publish its fiscal third-quarter results on Thursday and while the company had decided to forgo issuing a revenue guidance citing “the continued uncertainty around the world in the near term,” officials had earlier cautioned about issues that have affected the company’s operations.
Supply chain woes
“We're having supply constraints that are caused by the COVID-related disruptions and by the silicon shortages” Apple CFO Luca Maestri told analysts during an earnings call in late April.
Maestri estimated the impact of supply chain constraints on the group’s June quarter revenue to be in the range of $4 billion to $8 billion, “substantially larger than what we've had during the March quarter.”
During the March quarter, the iPhone maker’s revenue surged 8.6% year over year to $97.3 billion, topping analysts' average estimate of $93.89 billion, according to data from Refinitiv.
iPhone sales climbed 5.5% from a year earlier to $50.6 billion in the March quarter following the release of Apple’s new lineup of iPhones including a new 5G-enabled iPhone SE. The strong sales came despite the impact of COVID-19 disruptions on customer demand in China, one of Apple’s largest markets for iPhones.
Despite the lingering supply chain issues, Apple is predicted to top Wall Street's projections in the June quarter, according to JP Morgan analyst Samik Chatterjee.
Analysts polled by Yahoo Finance expect Apple’s revenue for the April-June period to come in at $82.6 billion, up from $81.4 billion last year. Chatterjee expects product segments outside the Mac to be unaffected by supply issues.
Strong Mac sales
In the fiscal second quarter ended March 26, Mac sales climbed almost 15% year over year to $10.44 billion. Mac sales account for nearly 11% of Apple’s total net sales during that period. But CEO Tim Cook in April acknowledged that Mac orders have also been affected by COVID-19 disruptions and silicon shortages.
“We've got lots of customers that we want to get the new Macs to. And so, we're working hard on them,” Cook said earlier.
In terms of the group’s services revenue, Maestri in April said the growth rate for the June quarter will likely be less than the 17% jump in services revenue reported in the March quarter.
iPhone 14 to spur demand
Meanwhile, some analysts expect the upcoming iPhone 14 lineup to spur demand for Apple’s phones when it comes out in September. But without a new release during the recent quarter, sales will likely be subdued.
KeyBanc analyst Brandon Nispel trimmed his revenue forecast for the July-September period by about $10 billion, to $388.5 billion, and for fiscal year 2023 by about $14 billion, to $408.5 billion.
The average consensus estimate of 40 analysts surveyed by Yahoo Finance is for full-year fiscal revenue to rise 7.6% year over year to $393.53 billion.
AAPL from a technical perspective
Apple stock have closed lower than it opened for the previous seven trading sessions as traders start to second guess their pricing-in of the upcoming earnings report.
Apple’s stock closed down nearly 1% on Friday and another 0.7% on Monday. The pullback follows an admirable ~12.0% gain the stock has booked since the beginning of July. Further movement to the downside will break the stock out of a tidy upwards channel that the stock has enjoyed over this time.
Easy trading Setup For APPLE (AAPL) – Triple BottomHi Traders,
Looking at Apple Stock today on the 1-hour time frame.
We see a nice potential triple bottom playing out.
Price has been respecting the descending trend line as well as the neckline of the triple bottom.
Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it.
Once the market opens, I will be looking for a retracement back into the neckline.
My long position will trigger then and my targets are previous resistance.
Let's see how this plays out. ( I'm not a massive triple bottom trader however, this one has me curious haha )
Have a good Tuesday!
The Vortex Trader
AAPL Apple : Short-term buy to key retest level 16.5Very straight-forward technical analysis .
Apple broke below substantial support trend-line beginning of May 2022.
The support was stretching higher with higher lows since early 2020, this changed just about a week ago.
The drop below the trend-line continued with a sharp drop from 155 to 139 at the lowest.
Connecting short-term lows provided support around 139.
Currently, short-term highs and lows converge into a 'falling wedge' pattern which may be bullish .
The only confirmation of bullish substantial movement would be with a break higher than 155 back to the long-term trend-line and therefor the breakout up of the 'falling wedge'.
A more likely scenario and the projection of this chart, is a retest of 155 post breakout - Which once retest confirms, would be the continuation of the down-trend.
In summary, Apple with high probability is going back to retest the long-term breakout, which makes for a very short-term buy.
**We must remember Apple went from $54 in March 2020 all the way to $180 early 2022.
There's plenty of room for Apple to correct down.
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Apple: Are we at the bottom yet?!Apple
Short Term - We look to Buy a break of 140.40 (stop at 136.34)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Posted a Bullish Hammer Bottom on the 4 hour chart. This is positive for sentiment and the uptrend has potential to return. A break of 140.00 is needed to confirm follow through bullish momentum.
Our profit targets will be 149.76 and 156.00
Resistance: 140.24 / 149.76 / 156.00
Support: 136.00 / 132.61 / 123.00
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AAPL Weekly AnalysisDrawing this curved channel we can see consistent rejections along the top (red) line, price has recently hit this line and been rejected
There are two options now for price recovery, at the yellow line, which is a trend established from previous price points
Or the 200MA (in green) which has conversely seen a lot of support touches
The 200MA entry is a more reliable choice in my pov
The breakdown is a result of a rising wedge pattern
Will Apple Bounce Off The Branch Or Fall From It?Will Apple Bounce Off The Branch Or Fall From It?
Apple ( NASDAQ:AAPL )bounced off of its "branch" or trendline four times on the daily timeframe! It would be nice to see a bounce from the "branch" for a fifth subsequent time. 3 out of the four times APPL bounced, it was trading above the 200 MA! The fact that it bounced a fourth time from the same branch is significant because it was trading under the 200 MA. In my opinion, a candle would need to form under the branch to take Apple to the downside. The formation of a candle under the branch would give us another strong area of confluence. At the point, we could say, "Apple feel from the branch!"
Take a look at the Apple branch and ask yourself, "Will apple bounce off the branch or fall from it?"
Peace & Prosperity,
Al