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
Applelong
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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Thank you so much for reading! If you found my idea useful, please like and follow! It would mean a lot :)
I encourage you to do your own research and be cautious when trading, this is not financial advice but meant for educational purposes.
My goal is to help as many traders as I can become a profitable investor.
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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
MEDIUM APPLE VIEW DIRECTIONAL BIAS bullishHEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is an update of the idea posted in 31 march in which I've successfully predicted last move this is the place I've been waiting for the market to come
and now I'm bullish
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be cirtainedif anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational bias on top of your own analysis.
like for support!!!!
APPLE STOCK ANALYSIS MEDIUM TERMHEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be cirtainedif anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational biase on top of your own analysis.
like for support!!!!
SELL APPLE TODAYGOOD EVENING,
1)we are above the VWAP .👌
2)the right order and strong condensation of the 4EMA.👇
3)bull divergence confirmed by STOCHASTIC .💪
4)protected by the last resistance. 💪
all these indicators say buy in a loud voice.
+ if it breaks the resistance buy at 182
+ if it bounced sell at 174
so BUY and open your wallets.🤑
GOOD LUCK.❤️
Apple Short Term Update
It looks like we may see a rally this week. The markets are oversold and we may see a few more days perhaps week of rallying. MACD for the 1D is showing that Apple could move higher. Unfortunately, the MACD on the 1M continues to edge closer to crossing, so the possible rally will be short lived.
Targets
- $168
- $172
-$ 176
If we can not break resistance of $166, we should follow the dotted yellow line back under $160.
Apple - 2 long ideas - An Apple a day...General
After years of general rise in price i dont feel comfortable to buy stocks at this point and hope for a retrace. 2 Scenarios under which i would be happy to buy are marked in the chart.
1. Long (Orange arrow)
Requirements
- Price drops under level 1and retakes it
Target
Shortly under the $200 mark
Invalidation
- Price cant retake level 1
- Price falls again under level 1 after retaking it
Stop- Loss
- Slightly under the generated swing- low in the process of falling under level 1
Time duration
Days, weeks, months, years... ;)
2. Long (Green arrow)
Requirements
- Price drops and area 1 and retakes it
- Area 1 becomes support after retake
Target
S/R level at the recent swing high
Invalidation
- Price cant retake area 1 after dropping under it
Stop- Loss
- Under area 1
Time duration
Days, weeks, months, years... ;)
Good luck
Additional: I linked to 2 short scenarios aswell. I have no preferences - in best case i can take all four trades (2 shorts, 2 longs)
We recommend buying apple stock if the resistance line is brokenPrice is near buy entry level of 152.33 in line with 61.8% Fibonacci retracement . Price can potentially bounce to the take profit level of 168.92 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is supported by stochastic indicator as it is at the support level .