#AAPL ANALYSIS.. NEVER SAY NEVER.. In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will come eventually and oil prices were the leading indicator of this..
Disclaimer: Please do your own due diligence when it comes to investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
Appleshort
Apple: Technical Gap Analysis 1D (Apr. 26)X FORCE GLOBAL ANALYSIS:
Apple has shown great strength in its recovery from the damage caused by the corona virus (Covid-19). In this analysis, we explore a purely technical approach to Apple (AAPL), using the gap theory.
Analysis
- Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between.
- As a result, the asset's chart shows a gap in the normal price pattern
- Gaps have a tendency of getting filled.
- Thus, when we see gaps below the price during an uptrend, it indicates that there is a probability of a correction
- Apple's chart on the daily is rather choppy, and presents room for multiple gaps
- Gaps that have been filled are marked by green
- We currently see two major unfilled gaps both above and below the current price level
- While the Relative Strength Index (RSI) moves in an uptrend, creating higher lows, we have not yet broken the descending trend line
- The Moving Average Convergence Divergence (MACD) shows a potential death cross, as the bullish histogram show signs of weakened momentum
What We Believe
Based on the gap theory, given that all gaps fill, this would be the most probable scenario; we see a rejection at the descending trend line support, and as prices fill the gaps below, a double bottom is formed on the daily. Then, we see a breakout from the descending trend line resistance, and a continued bullish rally to fill the gaps above. However, it's imperative to note that gaps don't get filled all the time.
Trade Safe.
Apple Support - lower than you thinkHi, thanks for viewing.
I think there is less demand for over-priced (subjective call) personal electronics at the moment. People are rightly thinking about more essential items, paying down debt, and increasing savings.
Probably worth pointing out how strong the 200 week moving average is as support - somewhere around 185, which is lower than people think. Anyone out there thinking that they are safe because "Warren Buffett bough Apple" need to look into the recent cut-losses by Berkshire Hathaway. Warren said many many times in the past things along the lines of "I don't understand electronics firms, so I don't invest in them," "I don't understand Apple so I don't invest," "if I ever invest in airlines - then call the Psychologist because I have lost my mind." Not direct quotes, but anyone who has followed Warren Buffett for a long time will know what I am talking about.
So, what happened recently? Berkshire cut losses on Delta Airlines - shares bough expecting the bail-out would somehow replace lost customer demand and bleak fundamentals. To hear that Warren even bought Airline shares just doesn't sound right to me. The same here, they invested in Stocks they didn't understand as well as their traditional 'bread and butter', departed dramatically from a value investing philosophy, and they will have to take their losses - just like everyone else. Apple is over-valued. Anything that is 'consumer discretionary' that may be affected by the steep drop-off in consumer demand will be sold - at least until the future comes into sharper focus. I bought a cheaper smartphone recently after getting annoyed at having to charge my iPhone before the day was over. My new phone has an 11,000Mah battery and I don't even need to charge it every day - every second day is more than enough. I don't need to pay crazy prices for cordless earphones, or $1000 for a computer stand etc etc. Apples has a good product, not necessarily the best in class, but they are compensating for lower sales by raising their prices - that makes them more vulnerable to lower consumer discretionary spending in the event of an economic downturn.
I am not sure if I will be a buyer at $185, because we are in the biggest economic shock of a lifetime. But there will likely be a bounce at that level.
Now we can watch how this market unfolds. The forces at play are massive US, ECB, BOJ stimulus versus a massive supply chain, and demand shock. Unfortunately, the Fed cannot make people able to afford their credit card bills, their rent, medical costs, cannot re-create a supply chain, or convince anyone that savings aren't essential right now. Long-term, they will have to convince the public that massive and un-serviceable Fed and Public debt isn't something to worry about. That owning public debt that yields below inflation and cannot be paid from income is a good idea. I am very concerned that all the monetised debt this year and next will be met with lower and lower demand as people realise they are not being adequately compensated to hold it, and that at maturity it will be paid in newly printed devalued USD. US Treasuries are a promise to deliver USD in the future, that promise to pay is very unlikely to be funded by additional income, so T-bonds are effectively a promise to print money. Anyone who knows about gold, knows that all the brakes have been taken off the gold price recently. ZIRP (that can never be raised), global uncertainty, negative real yields of 10 year T-bonds, and a struggling equity market, all lend strength (and reduce the opportunity cost to hold it) of gold.
Ok, I ended up going a little off-road there. But we are over-all in a "risk off" environment. Safe havens will out-perform vs equities or treasuries (treasuries have stopped being a safe haven). Corporate debt is definitely not a safe haven.
Is your iPhone 11 PRO ready for Christmas ?Apple, Apple, Apple : the action is defeating the gravity since so much years now.
What is Apple ?
"Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Four tech companies along with Amazon, Google, and Facebook".
Revenue : US$265.595 billion (2018).
Net income : US$59.531 billion (2018).
You heard correctly. My bear radar is on the BIG FOUR now. We move on to serious thing !
Today the price needs a significant pullback. Is it the beginning of a major crash ? As the market is clearly irrational it's little earlier to say it. But, at least, a correction is due.
Simplified Technical Analysis :
RSI divergence on Daily timeframe is alarming. And a bearish divergence is forming on weekly too. We are way over-extend over the weekly 9. MFI shows signs of reversal. Pattern looks mature.
Type of market : Irrational (BUBBLE).
Type of trade : Speculative reversal.
Support to take TP1 : EMA 21 (yellow one).
Stop-loss : Just over 272.16
Please let me know in the coming section which asset you want me to analyse ! Have a nice day everyone.
DISCLAIMER : I'm not financial advisor. You trade at your own risk. I can't be responsible for your losses !
Analysis of APPLE 28.11.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 267.40
• Take Profit Level: 269.00 (160 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 266.00
• Take Profit Level: 265.00 (100 pips)
USDJPY
A possible long position at the breakout of the level 109.60
GOLD
A possible short position in the breakdown of the level 1452.00
USDCHF
A possible long position at the breakout of the level 1.0000
EURUSD
A possible short position in the breakdown of the level 1.0990
AAPL - Irrational Exuberance - Watch for a Pullback - Gapfiller Quick one on AAPL:
- Tagging 3 ATR on the weekly and daily time frames, suggesting that a pullback is likely
- The trend (as shown from the curved line) has gone parabolic, which is impossible to continue on that path
- Price has become detached from the 9 ema, suggesting that the run has reached a stopping point (most likely for a breather before moving higher)
- There is also a gap on the daily chart visible at around $232-$231, which is likely to be filled
My target would be around the $235 range on the daily time frame (a pullback to the 21 ema)
My broader target (requires a more substantial pullback to occur) is around the $230 range (retracing to the 9 ema on the weekly time frame).
Bear in mind that when the weekly candle ticks over, these targets will change (because they are based on the dynamic targets of the moving average).
Apple Trading Vision : to the New Records !Hello, dear stock Trader!
Monfex is at your service and today we overview Apple.
AAPL broke the strong resistance level - All-Time High , has already tested it locally and going to the 127% Fibonacci level. But we have on many indicators the strong bearish divergence and is sign that near $ 250-255 we will can suggest a sell position to the support zone of levels Fibo and the support line ~ $ 225-220 .
Market Cap
1068.379B
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Analysis of APPLE 15.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 237.50
• Take Profit Level: 240.00 (250 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 231.60
• Take Profit Level: 230.00 (160 pips)
USDJPY
A possible long position at the breakout of the level 108.50
GOLD
A possible short position in the breakdown of the level 1487.00
USDCHF
A possible long position at the breakout of the level 0.9995
EURUSD
A possible short position in the breakdown of the level 1.1000