Inv Cup and handle for Apply to $100Inverse Cup and Handle has formed on Daily with Apple.
The price has broken below the brim level
The moving averages are all bearish 200 <21 <7 -
The first target is $100
CONCERNS
There are bullish signs with global stocks, which might cause a fake out.
We can also see a weak break below the brim level, which could make this analysis wrong.
Appleshort
The Big Apple Goes Rotten?I've been following Apple over the last 6 months and I can't help but shake the feeling this ascending broadening wedge "could" end up playing out. I know it's incredibly popular to be bearish now, which is usually a sign for me to put on the contrarian hat, but I still see this a decent probablity.
AAPL/Apple, hold on to your butts In this idea I love how easy this is to see what is about to happen here. Real simple pattern. I don't trade stocks, but I can see the patterns in any chart. If you agree throw me a like and follow me for more charts and concepts that keep you in the gains. Much Love to my Supporters ND
AAPL over the hill. AAPLOut of momentum, with massive velocity to the downside, volatility shift to the negative on the 4 hourly. Betting on Elliott Wave C here. Down, down, down. SPX picture for background.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
AAPD ( APPLE BEAR !X ETF) for LONG SETUPNASDAQ:TSLA
NASDAQ:AAPD
AAPD is in a reversal from a swing low corresponding to an AAPL market top
AAPL recently completed a 30% since June 17th the YTD high of the SPY.
AAPD on the RSI color-coded candles is showing a reversal within the day.
I am expecting a 32 and 50 % retracement. By extension on the AAPD which
is a bear inverse ETF I expect a ( 0.32 of 30% = 9) rise from 9% to
(0.5 x 30= 15%) 15% rise with the middle of that being 12% ( this is more or
less fibonacci extensions. I see on the chart EMA divergence and convergence to
demarcate a stop loss level there or simply $0.10 below the EMA 200.
Accordingly, the stop loss is $0.25 below the current market price ( "CMP")
while the targets are $2.16 to $3.60 above the CMP. The reward to risk
is more or less 10X making this a swing-long setup with limited risk.
That said, one risk is the relatively low volume and so liquidity is
constricted.
I will trade this with a call option on the $24 strike expiring in September
16th closing a 2-3 days beforehand to mitigate time decay expectant
for a 75% return in 2/3rds of a month where the cost will be
$50 on one contract.
APPLE Short Position (NEW)We expect that the price will increase to the 180 price levels and then the price will drop to the 160 price levels. RSI is overbought. On 4h we can see that potential bearish divergences forming , but we still wait for bearish divergences on 1D timeframe to get more confirmation which may come at the key resistance.
Entry, stop-loss, and target levels are in the chart.
Apple (AAPL) looks weak!! Coming off a strong month Apple has been on a tear, but don't let that fool you. As you look at the wave count you can see we are in a B wave (FOOLS RALLY), which gets almost everyone that does not know the power of Elliott waves. We could see Apple rise to about $170 before a pullback to around $150, or we just pullback due to the CPI DATA coming out Wednesday. Should be an interesting week!
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.
Apple downside indicatorsThanks for viewing,
Why would anyone be bearish on a stock that has gone up over 200% in the past 18 months? I'm just watching the chart.
If you look at the chart you see some concerning trends, mainly;
- Volume dropping off since March 2020 as the price increases meant the stock was less and less of a bargain.
- Some rather strong RSI bearish divergence - where every higher price highs are shown as lower highs on the RSI - which is at the least a sign of slowing momentum.
- Dividend return having significantly weakened in 2021.
- Higher inflation, which tends to drive investors to seek higher dividends or safe havens (since the US10 year isn't a safe haven anymore with an annual return of 1.44%. Given the CPI for October 2021 sits at 6.2%, that yields a *negative* 4.76% annual return that counts out treasuries as a safe haven). Apple has scope to raise its dividend as it currently only pays out around 25% of net profit as dividends - but right now the dividend is rather negative and should the price rises stall I would imagine we could start to see some strong selling pressure as investors see their unrealized gains melt away or leveraged traders / investors turn negative.
When I am watching the RSI I watch for 3 peaks of lower highs that then pushes the RSI below the 70 level. Once that happens, prices tend to weaken and I would expect an RSI of sub 40 to be next for a significant retracement. I don't have a target yet but After its 2000 peak it retraced 80%+ and ~60% during the 2008-9 financial crisis, so the downside is clearly there for anyone to see. Bearish RSI divergence was also evident in 1999-2000 and 2007-8.
I tend to agree with Michael Burry's general thesis that stocks that have priced in significant future growth will be hardest hit during periods of inflation.
Anyway, just putting it out there. I am not an investor and not shorting.
Look after those funds everyone
Apple needs more juiceApple
Short Term - We look to Sell at 154.48 (stop at 160.14)
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 155.00, resulting in improved risk/reward. Posted a Double Top formation. The bias is still for lower levels and we look for any gains to be limited. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 137.56 and 130.14
Resistance: 155.00 / 171.00 / 182.00
Support: 137.00 / 123.00 / 118.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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 $180 early 2022.
There's plenty of room for Apple to correct down.
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I know it is hard to believe...but Apple is going much lower I think Apple has finished a 40 year bull move and is currently in the middle of a correction that will retrace 50% minimum. Target is 91$ and possibly to the $70's. Nobody will want to believe it, but it is happening. It will happen something like this. Fall to 116-118$. Bounce to $150. And then the C wave will take it below 100$ to my targets.
Apple falling far from the tree? Apple - Short Term - We look to Sell at 154.48 (stop at 160.14)
We look to sell rallies. Posted a Double Top formation. The bias is still for lower levels and we look for any gains to be limited. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 138.36 and 130.14
Resistance: 155.00 / 170.00 / 182.00
Support: 140.00 / 130.00 / 120.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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