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Iphone8

Key Price Zones to watch when Apple will release iPhone 8 In my previous analysis, AAPL's price was near 145$ and my analysis showed that it had the potential to reach 160$ to complete a bearish harmonic pattern... two bearish harmonic patterns. That's exactly what happened. During August, as the buzz around iPhone 8 increases, AAPL enjoyed a bullish boost that drove it beyond the PRZ of the two patterns that you see in the chart. But it didn't last long... AAPL's price fell last week back into the PRZ AAPL's price fell and closed below a daily channel AAPL's price is approaching the nearest structure support - 155$ The false breakout that we got to the PRZ has provided us with a stop loss zone - If you wish to trade the bearish patterns your stop loss should be above August's highs. On the other hand, if you think that AAPL's recent drop is a buying opportunity than 154-156$ is your potential support zone (potential buy zone) Next target zones for bearish trades - 150$ and 144-145$ 160$ has been set as resistance now that AAPL broke below the bottom of the channel - It is the first target zone for those who are interested to trade the bullish uptrend. Previous record high (around 168$) is the next bullish target zone See more trading ideas and markets analysis in my newsletter #WeeklyMarketsAnalysis on Twitter
NASDAQ:AAPL
by themarketzone
Apple: Future after iPhone 8 The journey of technology behemoth Apple, Inc. from Apple I to iPhone 7 has been a spectacular one. Its valuation crossed $800 billion this year and is onto becoming the first trillion-dollar company. It's not been a smooth ride all the way. Like every company, Apple too had to go through phases of ups and downs and failures. It too made products that flopped - Apple Portable, Apple III, Macintosh TV - to name a few. It all changed when Steve Jobs returned to Apple in 1997, 10 years after he was fired. Not many know that in 1997 the company was on the verge of bankruptcy and was saved by Microsoft, by pumping in $150 Million and ended the rivalry between the two innovators, Gate and Jobs. Apple was once again being steered by Jobs, as an iCEO - interim CEO - hence the alphabet "I" prefixes the products he innovated as an iCEO. Apple with its iPod launch created a generation of fan followers that would go on to make their every product a success, no matter how flawed it was. iPhone 4 has call drop issues, iPhone 6 would bend when pocketed - yet, people bought them and made them Apple's success stories. Now that Apple's next flagship - iPhone 8 - launch is around the corner, and speculations are that Apple is going for a complete design overhaul, it's time to analyze the stock and try to make out what it would mean for the company and its future. Analyzing the stock of Apple, I see it making a long-term high in February - March 2018 at price level of around $175. So multiplying it with the number of outstanding shares of 5.165 Billion gives us the approximate valuation of $903.8 Billion - guess Apple will not be a Trillion - dollar company, at least not in 2018 or anytime soon. In the following chart, I have also marked a few intermediate highs and lows - time targets at approximate, price targets do not mean much. High in the first week of October, then low in the first week of November, then High in the second week of December and the final low in the second week of January before moving towards its long-term high in. As always, we will update when changing dynamics necessitates so.
NASDAQ:AAPLLong
by UnknownUnicorn1307339
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