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Shortapple

AAPL has IndoChina headwinds SHORTAAPL is here on a 120-minute chart in what appears to be a falling wedge pattern. As volatility gets compressed further it could break down or break out with a bais for the latter. I believe that the rise of generic phones in China and Inda with comparable cameras and other functionality has impacted AAPL as had the rising prices of its flagship products. Time will tell how this plays out. In the meanwhile, I will consider that AAPL stays in its wedge and play the top trendline with a short and go long from the bottom. At present , with price at the upper resistance trendline, I will add to my short position. I see AAPL staying underneath the 0.5 Fib retracement level of the uptrend for the time being.
NASDAQ:AAPLShort
by AwesomeAvani
AAPL - 1HR Chart - Update After Morning Fake NewsAAPL sank premarket on actual facts from Credit Suisse. iPhone sales down over 30% in November. www.streetinsider.com(AAPL)+China+iPhone+Shipments+in+Nov+Declined+Sharply+-+Credit+Suisse/16236895.html Then fake news from Trump tweet with no concrete material erases the factual data loss. Bad news - We are getting screwed for theta time premium in options Good news - This bump in price accelerated the 10WeekMA closer making it easier for this selloff to occur. They are pumping the market hard into the holidays. I understand if people want to reposition or take the loss. I am going to wait until after the tariff deadline - better or worse. My opinion - Trump will look weak if he walks back tariffs without any actual deal being signed. Question - What the hell is in the "Phase one" deal anyways? No one knows. There is zero information on how many phases, whats in each, etc. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
NASDAQ:AAPLShort
by MoneyPatterns
8
AAPL - Sticking To My Before Year End Prediction - Going DownBased on the Daily trend with AAPL, and the high correlation with SPY, I see us taking our trip down before year end. The moving average is too close to price with AAPL. The blue resistance line is multi-year (forming in 1998 see Outter Space Chart) and I don't see price going beyond blue resistance by more than $10. By next week the 10WeekMA will be around $263. This implies that price will either cross the MA in a downtrend, or price will go outside blue resistance to escape. Since the resistance has held for almost 20 years, I consider this strong, so price will go down. Weekly chart below shows weekly trend extremely close to Bearish flip. Outter Space chart below shows blue multi-year resistance will most likely not be exceeded. We stay within blue lines...just like since 1998 LOL Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
NASDAQ:AAPLShort
by MoneyPatterns
AAPL - Weekly View Confirms DowntrendAAPL on Weekly view confirms downtrend is just starting. We have hit the blue log resistance line (from Outter Space AAPL chart) and rejected. We saw this coming, so this is good. Based on current price trends I am currently in December Puts, looking at the April 2020 puts later. Good- We have broken white trend line and are at the top of the rejection. We have time until next stop. Next stop is pink line. We see if pink line holds. Based on previous trend, we see that when price hits top blue resistance it rejects pink support as well. Price continues rejection down until hitting blue log support line (possibly a little lower like last time as shown). Bad- We have to wait for the big correction. No biggie. It's coming. I feel the gaps outside the blue log support in the $123 area WILL get filled. Just not yet. The break outside the major log blue lines will indicate an overall LARGE market correction. AAPL is a major component of SPY and several other ETF's like XLK (where 50% is MSFT and AAPL of the whole ETF). When AAPL and few other major cap stocks fall, this will be the signal to fill lower gaps. I understand people love AAPL. The math does not support the price evaluation at this level. I am still long term believer in what AAPL offers, although I do not own their products. AAPL Outter Space View - showing major log support Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
NASDAQ:AAPLShort
by MoneyPatterns
2