APPLE Waiting for a breakout?Currently going sideways in a range, I'm expecting a break out sooner or later. Some daily key levels marked with trend lines. These MAs should be used as S/R confluences.
0R2V trade ideas
AAPL 6% UP ? A popular stock + Above the average line 150 + triangle converging,
good quarterly report = Potential for a 6-8% increase / All time high ?
Only an idea and not a recommendation for trading!
Apple in a head and shoulders?Could go both ways. If the neckline breaks we'll see $160.
Use a stoploss please.
Apple's Ecosystem Growth
Apple Inc., ( NASDAQ:AAPL ) stands as a behemoth, with its ecosystem continuing to thrive, albeit with some nuances. The latest fiscal quarter results showcase a tale of mixed fortunes for the tech giant, revealing both triumphs and challenges across various product lines. Let's delve into the intricacies of Apple's recent performance and explore the dynamics that shape its trajectory.
Ecosystem Milestones:
Apple's CEO, Tim Cook, proudly announced an all-time revenue record, emphasizing the ecosystem's robustness, with paid subscriptions experiencing double-digit year-over-year growth. The installed base of Apple devices has surpassed a staggering 2.2 billion, illustrating the company's pervasive influence in the global tech market.
Hardware Performance:
While the overall product sales saw a marginal uptick of less than 1%, the performance across individual hardware categories varied. iPhone sales demonstrated resilience with a 5.9% increase, underscoring the enduring popularity of Apple's ( NASDAQ:AAPL ) flagship product. However, iPads faced a challenging comparison due to the launch of newer iterations, resulting in a 25% decline. Wearables also experienced an 11% dip, indicating potential shifts in consumer preferences. Mac sales, growing by less than 1%, contributed $7.7 billion to the quarter's revenue.
Services and Subscriptions:
Amidst the hardware fluctuations, Apple's ( NASDAQ:AAPL ) services business emerged as a beacon of growth, with paid subscriptions witnessing strong double-digit expansion. CFO Luca Maestri highlighted the milestone of surpassing 1 billion paid subscriptions across the company's platform, marking a significant doubling of the tally in just four years. Looking ahead, Maestri expressed optimism, anticipating a similar double-digit growth rate for the services business in the upcoming quarter.
Global Perspectives:
In terms of regional performance, CEO Tim Cook shed light on the contrasting fortunes of emerging markets. India exhibited robust double-digit growth, portraying the market's untapped potential. In contrast, China experienced a 13% decline, particularly in iPhone sales. Cook, however, expressed enduring optimism about China's long-term prospects, emphasizing the achievement of a new installed base 'high watermark' and robust year-over-year growth in upgrades.
Enterprise Expansion:
A noteworthy revelation during the earnings call was Apple's ( NASDAQ:AAPL ) strategic push into the enterprise sector. Tim Cook articulated the company's intention to expand its hardware presence beyond its traditional consumer-centric approach. With the upcoming Vision Pro debuting, Apple ( NASDAQ:AAPL ) aims to cater to the needs of enterprises, offering a seamless transition from personal to professional tech usage. Cook's statement that employees, given the choice, prefer using a Mac at both home and the office highlights Apple's ( NASDAQ:AAPL ) ambitions to capture the enterprise market.
Conclusion:
Apple's ( NASDAQ:AAPL ) recent fiscal quarter paints a portrait of a company navigating the complex interplay of hardware sales, services growth, and global market dynamics. As the tech giant continues to expand its ecosystem, delve into emerging markets, and target enterprise clients, the future holds both challenges and opportunities for Apple Inc., ( NASDAQ:AAPL ) Investors and tech enthusiasts alike are keenly watching how the company steers through this dynamic landscape, anticipating the next chapter in Apple's storied journey.
AAPL Update: 01/28/2024Apple looks as if it has topped in the ABC pattern as predicted. There is the possibility this is an impulsive move higher. If that were the case, then my ALT (turquoise) would be the ideal count. MACD never made a new high, and it dropped very hard and fast for a wave 4. These reasons help to re-enforce my thoughts this has been corrective. Next I want to see us make a 3 or 5-wave move lower into my target box. We should hit the 1.0 because almost everytime A=C at a minimum.
At this time, I still own those 2 puts with a strike of $170. If this is the c wave of larger A wave, then we should get a hard drop soon. It is towards the bottom of that hard drop that I will sell those puts ideally before it starts the last 4-5's of the count. Let's see what next week brings shall we.
AAPL Share Price Falls 3% After ReportAAPL Share Price Falls 3% After Report
After the close of yesterday's trading session, the once first-largest company by capitalization, Apple, reported on its activities for the 4th quarter of 2023. The actual numbers exceeded expectations:
→ revenue: actual = USD 119.5 billion (expected = USD 117.9 billion);
→ earnings per share: actual = USD 2.3 (expected = USD 1.99).
It would seem that things were going well, but this was due to the holiday period and the traditional seasonal increase in purchases of Apple products. In the future, analysts can expect a decrease in revenue, as was the case in 2023.
Confirming this possibility, Apple gave weak guidance for the next quarter given the decline in demand in China.
As a result, in post-market trading, AAPL's share price fell approximately 3% to the support level (shown by the black line) drawn near this year's lows.
The AAPL stock chart today shows that:
→ level A looks like an important resistance: the price cannot overcome it in order to move up along with the index;
→ a new threat of a bearish breakdown of the lower blue trend line has emerged - if it happens, the bears may try to test the important low of autumn 2023 (level B).
While the picture looks flat, given that AAPL's share price has been in an A-B range since the middle of last year, the situation could be potentially bearish given that the price cannot rise in a bull market.
Investors' hopes may be associated with the presentation of the Vision Pro headset, as well as with achievements related to the introduction of AI. As Tim Cook said, the company has “a lot of internal work going on,” but Apple is not revealing details yet so as not to “come to the forefront.”
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APPLE Stock Chart Fibonacci Analysis 020124 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 190/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AAPL - short positionHi traders
Let's have a look at AAPL chart.
The price is approaching the resistance zone where it got rejected already 2 times . We are expecting that before the succesfful breakout we will get one more rejection therefore it could be a great entry for the short position. The stop loss should be placed above the ressitance line becasue if the price breaks this key level successfuly, the price will enter into the discovery mode and can go much higher before giving a deeper pullback.
The target for shorts is in the middle of the range which we've shown on the chart. We're expecting that the price will bounce from this support and will continue the uptrend.
Target for shorts: 190 $
bullish for appleplease keep in mind i dont day trade stocks, if i would i would take this trade, apple has been unbelievably bullish for a long time in multiple timeframes from high to low, price has retested a previous resistance zone which is now acting as support, giving us a long opportunity, lets see how it plays out
AAPL CalendarShort the 197.5 Strike for Feb 12 and Long the same strike Feb 18 Calls
A 3% volatility increase would put my breakeven at 185~
5%+ as low as 180.
Debit of .39 | Current Mark @ .47
Limit order: .84 GTD 2/5
Expecting a possible retreat to the .382 level, possibly even the .5 level, then a bounce back up.
I am kind of hoping for this as I'm also short a SPY call at 487 with a couple weeks left and would prefer not to roll. This spread gives me upside protection and will break even if the MAG7 decide to drop.
APPL history continues to repeat 🍏♻️boost and follow for more! thanks ❤️🔥this may be the 4th triangle breakout in recent history, break higher from it and we should rally to 200 by ER report end of week..
with a good ER report I expect to see new all time highs, and 220-240 in no time! 🎯
also a friendly reminder the Earnings report is after market close thursday, so we have a lot of time for the hype to build up until then... also im interested if they announce another split soon... it always gets so bullish when they do that haha xD
🍏💻 Apple Inc. (AAPL) Analysis 🌐📱📊 Industry Impact:
Apple, a technology giant, known for smartphones, tablets, and smart devices.
🔄 Customer Retention:
Ability to retain existing customers and attract new ones evident.
Half of recent Mac and iPad buyers were new to those products.
🚀 Innovation and Product Launch:
Continuous innovation highlighted by the upcoming Apple Vision Pro spatial computer.
Vision Pro mixed-reality headset set to launch early next month.
💡 Market Positioning:
Initial pricing challenge at $3,499 for widespread adoption.
Positions Apple as a significant player in the virtual reality (VR) and Metaverse space.
📈 Market Analysis:
Bullish outlook on Apple (AAPL).
Suggested entry above the $172.00-$174.00 range.
🎯 Upside Target:
Upside target set in the $230.00-$240.00 range.
📣 Conclusion:
Apple's innovation and market positioning contribute to a positive outlook.
Entry suggestion and upside target align with potential growth in the tech sector.
Stay informed for evolving developments! 📰💹 #AppleInc #AAPLAnalysis #TechMarket 🌐📊
AAPL Apple Options Ahead of EarningsIf you haven`t bought AAPL ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the 205usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $13.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HUGE week aheadMega Cap earnings watch 1/29 – 2/2
FOMC interest rate decision 1/31
Tuesday 1/30
MSFT 4:05pm
EPS = 2.76
Revenue: 61.03 B
GOOG 4:15pm
EPS = 1.60
Revenue: 70.71 B
Wednesday 1/31
FOMC interest rate decision 2pm
Forecast = 5.5%
Thursday 2/1
AAPL 4:30pm
EPS = 2.09
Revenue: 118 B
AMZN 4pm
EPS = 0.81
Revenue: 166.04 B
META 4:15pm
EPS = 4.84
Revenue: 38.82 B
2/2/24 expiry options data:
MSFT
Put Volume Total 27,937
Call Volume Total 38,517
Put/Call Volume Ratio 0.73
Put Open Interest Total 59,468
Call Open Interest Total 56,336
Put/Call Open Interest Ratio 1.06
GOOG
Put Volume Total 13,367
Call Volume Total 15,280
Put/Call Volume Ratio 0.87
Put Open Interest Total 28,401
Call Open Interest Total 29,549
Put/Call Open Interest Ratio 0.96
AAPL
Put Volume Total 74,647
Call Volume Total 113,516
Put/Call Volume Ratio 0.66
Put Open Interest Total 132,308
Call Open Interest Total 181,737
Put/Call Open Interest Ratio 0.73
AMZN
Put Volume Total 39,778
Call Volume Total 106,244
Put/Call Volume Ratio 0.37
Put Open Interest Total 84,809
Call Open Interest Total 144,001
Put/Call Open Interest Ratio 0.59
META
Put Volume Total 23,907
Call Volume Total 34,968
Put/Call Volume Ratio 0.68
Put Open Interest Total 47,291
Call Open Interest Total 47,228
Put/Call Open Interest Ratio 1.00
1/29 – 2/2
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We're Selling Apple Stock Ahead of Historical DipIn the ever-evolving landscape of stock trading, historical patterns often provide valuable insights for strategic decisions. This year, we're applying this wisdom by selling our Apple stock holdings, anticipating the usual dip in February and March.
Historically, Apple’s stock has shown a pattern of decline during these months. This trend, observed over several years, suggests a seasonal adjustment in the market’s valuation of tech stocks, particularly those as influential as Apple. By selling now, we aim to protect our investments from this predictable downturn.
But this isn't a retreat; it's a strategic pause. The expected dip isn't just a risk; it's an opportunity. If the pattern holds true, it could mean buying back Apple stock at a more favorable price. This wait-and-see approach could potentially amplify our returns once the stock rebounds, which it traditionally does post-March.
This decision reflects our commitment to proactive and informed trading strategies. We closely monitor market trends and historical data to make decisions that align with our goal of maximizing returns while mitigating risks.
To our valued clients and investors, this move is in line with our ethos of adaptive and intelligent investing. We believe in capitalizing on market trends and historical insights to optimize our portfolio performance.
Remember, in the world of stock trading, timing is everything. By selling Apple stock now and waiting out the historical dip, we aim to re-enter at a more advantageous position, turning a traditional downturn into a fruitful opportunity.
Stay tuned for further updates, as we navigate these market dynamics with a keen eye on maximizing investment potential.
APPLAPPLe should make a corrective wave to $170 before any bounce in my view.
Let's see if it happens.
Trade with caution.
AaplJust wanted to share what i see going on with aapl here.
Weekly candle closed with a grave stone doji.. whenever aapl closes with a weekly grave stone doji there's a high chance of a pullback coming in the two weeks.
Aapl is displaying a very large Ascending triangle setup here. If this pattern were to play out then aapl is headed for 220-230..
There is a chance appl could correct from its weekly candle and also still break out to new ATH..
We could trade inside this triangle 180-200 for most of February then make a move higher in march as long as 180 holds.
So if we pop higher this week to 200.00 area and get rejected then id be looking for the pullback to support or 180.
If we close over 200 then i would say a break out maybe under way to new ATH.
If we lose support or 180 then 165 is the next target
If this does not turn out to be the top, throw away the T.AThis is the last shot at calling a top for this resilient infuriating stock.
If this doesn't work, then I have no idea what will.
Monthly MACD has Bear divergence, which can help the case here.
Apple Back to 182 Consolidation AreaApple Inc.
Explore
A Bearish Perspective on Apple Stock
Apple Inc., the tech giant known for its innovative products and services, has been a darling of Wall Street for many years. However, some analysts are turning bearish on the company’s stock. Here’s a closer look at why.
Underperformance in 2023
Despite gaining an impressive 49% in 2023, Apple’s stock was the worst-performing FAANG constituent of the year1. The company reported negative revenue growth in all four quarters of 2023, the first time since 2001 that the company’s revenues fell YoY for four straight quarters1.
Downgrades in 2024
The start of 2024 hasn’t been positive for Apple either, with three brokerages downgrading the stock within the first two weeks of the year1. Redburn, Piper Sandler, and Barclays have all downgraded the stock1. While Redburn and Piper Sandler now rate the stock as a “Hold” or equivalent, Barclays downgraded the stock to a “Sell” equivalent with a Street-low target price of $1601.
Concerns Over iPhone Sales
Some brokerages are turning bearish on Apple amid fears of an extended slowdown in iPhone sales1. Analysts are especially worried about the outlook for iPhone sales in China, which is the company’s third-biggest market behind the U.S. and Europe, and accounted for around 19% of its fiscal year 2023 revenues1. Apple is facing tough competition from domestic Chinese smartphone companies like Huawei and Xiaomi1.
#AAPL: Faire entryStill a fantastic company, I would love to enter for a swing around 180.
Long term I would wait a massive correction to enter.
FAW- APPL (H4) : IT IS CLEAR IN THE BEARISH NEAR $180FAW- APPL (H4) : IT IS CLEAR IN THE BEARISH NEAR $180
The powerful resistance is active and APPL is clearing the bearish zone. Its clear that APPL will fall due to having continuous resistance in the same zone.
Previous close: 194.50
Open: 195.22
Volume: 54.46M
Avg Vol (3M) : 54.1M
P/E Ratio : (TTM) : 31.62
Market Cap : 3002.24B
Beta : 1.29
Forward Dividend & Yield : 0.96(0.49%)
Earning Date : Jan 21- Feb 05, 2024
1y Target Est : 199.90
Note: Keep following me for more updates and information about different pairs of the market.
APPLE: Market of Buyers
The price of APPLE will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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