Previously, we highlighted the major 5 Waves up inside a Rising Channel that began in in early 2009 or over 8 years ago! This is the dominant pattern and we are looking for short opportunities or options spreads as we near the top blue upsloping channel line. We will be using indicators to support any entry.
AAPL's minor pattern started in June 2016 and has formed an additional 5 wave pattern which is near completion.
On the flipside, AAPL's has mastered the art of financial engineering. Though they have a stock pile of cash, AAPL continue to borrow money by issuing low interest rate bonds and buying back hordes of stock (reducing the float) and increasing dividends. If this continues, maybe the party in AAPL will never end.
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AAPL's minor pattern started in June 2016 and has formed an additional 5 wave pattern which is near completion.
On the flipside, AAPL's has mastered the art of financial engineering. Though they have a stock pile of cash, AAPL continue to borrow money by issuing low interest rate bonds and buying back hordes of stock (reducing the float) and increasing dividends. If this continues, maybe the party in AAPL will never end.
If you like my analysis on AAPL, please follow me. Thx!
AlgoTrend Capital LLC