GynecomastTrader

GynecomastTrader

After the last couple of ER breakouts, the price has hit a temporary top and consolidates, pulling back to the major trendline. It looks like the same thing is happening now. Depending on the angle of the decline, $118 or so could prove a great entry point just before the next blowout ER. That price would give AAPL a P/E around 15 depending on EPS. I believe the...

GynecomastTrader

Past few ERs have been preceded by consolidation. There were flag patterns before the previous two and a triangle before that. I suspect this is the start of yet another consolidation. If market holds up, I would suspect this will breakout after consolidation.

GynecomastTrader

Chart has consolidated nicely just before 3 of the last 4 ERs and resulted in breakouts. $128 price target.

GynecomastTrader

Geopolitical risks. Currency risk. If oil stays low, it's gonna lead to massive layoffs. Take caution. Chart agrees.

GynecomastTrader

Last ER, we had a flag breakout suggesting $128 in February. Latest flag suggests yet another ER breakout and $132 in late February.

GynecomastTrader

Fundamental info ON chart.

GynecomastTrader

The measuring implications for this flag pattern suggest a 26 point increase, from the point at which the price broke resistance, in about 4 months. Therefor, I'm expecting $128 late February. This would give AAPL a P/E no greater than 18.74 (that's assuming they only MEET and not exceed Q1earnings expectations). The market is willing to pay 19.03 times earnings...

GynecomastTrader

After 4 days of nasty declines, a hammer at support suggests a long-awaited breakout is still possible, assuming the market holds up.