On this weekly chart we see a nice bearish pattern forming I will Pickup later this week a short on the QQQ. My stop loss will be any close above the $91.27.
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When looking at the chart of Sirius XM Holdings Inc. (NASDAQ:SIRI), it is not hard to predict who will win this war of becoming the preferred software and music service in everyone's cars. Yes, you guessed right; without a doubt, it will be Apple Inc. (NASDAQ:AAPL). After all, the iPhone is one of the most popular devices among smartphone users. Also, most high...
Apple (AAPL) gave us 2nd day continuation down move. Here is quote from yeasterday's morning review www.evernote.com "Apple closed on low of the day. And I expect to see some follow through below $594.43.".
It was a bit slow but gave two good Short opportunities: on break down of previous low of tha day and then pullback close to that. It stalled in front of...
Apple (AAPL) was down yeasterday 1% . In the morning it went through prev high of the day and gave another $3 up move but reversed and get back below our pivot point at $601 with engulfing bear move right to $597.29. I started to trade it for Short on retest of failure point at $601 and when it confirmed resistance there from another side it built some...
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind.
Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
This is a 4 hour chart of the QQQ and it shows both the bullish and bearish side of the argument. I have a bias to the bear side due to bearish divergence on the weekly chart and also the head and shoulder pattern. However, the bullish argument is that we have an inverse head and shoulder pattern ( green) opposing the Bears, and also the fact that we are still in...
As i have labeled in the chart, AAPL has broken out of its triangle formation and is pushing higher to the next SupDem level. It's important to note that this is a MINOR supdem level and that it has already been tested once already on 2013-12-05, so the chance of it bouncing off that zone AFTER breaking out of a triangle pattern is very slim.
I am predicting...
we have a nive run up since Q3 of last year, with 38% retracement during Q1 this year. Once price broke above it's high of 575 or so, we should look at the price to move up to the 1.618 extension. I don't like price gaps, but they're part of everyday life in equities. If the market drops $20 or so, look for a little more slide to follow, to fill in the recent...
AAPL has hit a home run with the 4 key elements seen on chart. Due to the 700 level in 2012 that is the target it could easily get there by the June 2 split date. After the split there will be a great deal of shares and could drop after the split. Depends on many factors..I will sell prior to split and look to re-enter after if makes sense. See my earlier post...
AAPL bullish pattern overthrown by incoming selling climax, or how an hanging bullish pattern can hide a mega bearish one, or how shit your pants in a low odd event, well you get the idea. I think we will see a lot of unforeseen breaks lower despite of bullish looking charts, bigger patterns/market shifts in play influencing the markets just being careful here....
AAPL has been lagging since breaking trend last January. Has held 500-515 very well lately and looks like a solid investment going forward. Would wait until after the quarter results on 4/23 as it might lead to a better price.
Price: Anything below 530 should work well.
Stop loss: Below the purple trend line, 450-ish currently( -14%).
Take profits around...
Tesla Motors is , in our opinion, a tech company vs a manufactoribg company. We believe this explains its' parabolic rise in price. Others may strongly disagree.
Regardless of how much one may be sympathetic to the concept, we see nothing from a fundamental standpoint to support the current or previous valuation. Others may strongly disagree. Be that as it it...
Many erroneously believe that market targets cannot be known until a stock has been trading for a specified period of time. As our clients are well aware, we identify the relevant targets very early in the trading cycle, sometimes even before the first 15 min of trading on the date of the IPO.
How is this possible?
Contrary to what many are taught , the ...
