This is my detailed analysis of AAPL and it is a strong Sell for the following reasons:
1. End of multiple wave 5s.
2. Triple Fibonacci targets reached.
3. Wave 4 as a triangle confirmed the 1 year move up as the last wave.
Our job as traders is not to predict. It is not to guess. Our job is to INTERPRET the market action.
Apple, at least in my opinion, is showing very obvious signs that the party is over and institutions are dumping the stock.
Here is my quick 10-minute analysis of why AAPL is a short here, along with a simple option trade and how you can spot similar setups in the future.
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently approaching a quite massive previous weekly resistance area at the $175 level which is now turned strong resistance once again.
You can also see that over the past couple of weeks, Apple stock had a rally of...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Apple stock is currently retesting a quite obvious previous resistance area which is turned resistance once again.
Just recently we also had a bullish ema crossover, which is always considered a bullish sign, so from here I do expect a short term...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly timeframe Apple stock just recently tested and already rejected a very obvious previous weekly resistance area which was turned resistance once again.
You can also see that we are having a bullish weekly ema crossover, however I personally think that we will...
AAPL holding in strong, but may get a punch down to the 100D EMA. Not a huge EMA trader, but I have had more success using them to the downside than upside. I may try for a short to that area. Watch for the levels!
Upside 9er on daily chart on Friday with the start to a corrective phase cycle. Near term key pivot level is around 177, expecting the rally to fail Apple should correct back to lower levels possibly to the Dec 3 low near 160. Good luck trading!
We are breaking down AAPl while AAPL breaks down. It followed my prediction of a gap of and retest but was pulled under by $SPY. If we continue downtrend then I would expect to see it reach support by weeks end.
For next week AAPL : Sideways to Bearish, But Longtrend is Bullish
You can also find my profile in linkedin : Emirzal Andis or my blog www.emirzalandis.com
I am using my own Trading Strategy named "ANDIS4BAR" to make these all analysis. This strategy is very useful to make analysis for all financial instruments i.e : Forex, Gold, Cryptocurency, Index, Stocks....
