Shares of Apple Inc (AAPL) jumped in early trading on Tuesday just ahead of comments from new Federal Reserve Chairman Jerome Powell. A doucle top is in play at the moment, what it may indicates that a healthy correction is likely for the sessions to come.
Good luck fellow traders.
Apple has put in a bullish pinbar testing channel support on the daily time frame.
Zoom into the 15 minute chart and we have an inverse head and shoulders pattern with RSI divergence this is the confirmation we need to get long.
I would buy a break of the pinbar high at 172.
The $170.00 level is a very important support for the share price. It may hold it into earnings but then it could break it lower. Aggressive traders can buy it at $170.00 for a few Dollar bounce, but I would rather wait for the bounce to possition myself short for some sessions. It seems the share price in looking for a lower support (at least $164.00 - $162.30)...
There have been many disputes over the first 1 Trillion-dollar company. Many say it is Google or Amazon - on the other hand, I say APPLE. The market capitalisation is calculated by (share price X shares outstanding). Currently, APPLE's shares outstanding is 5.09B, so in order for the company to get to 1 trillion dollars, the price would need to reach $196.50....
I remember buying AAPL at 119.00 and I sold off my shares near 140-150. Another opportunity has risen. AAPL has broken out of a head and shoulders pattern. Also, the 50 MA is providing support and the coppock curve has a lot more room to move positive so this could be a chance to get back in. (If the stock does fall then it will probably fall into the top of the...
Just bought in on apple at $155.
RSI and Stoch oversold, rejecting from support at 155. Gap filled at 153.
No matter the hate this company gets they make money and lots of it. I believe the iPhone X will be a massive success even if it is £999.
I bought AAPL when my market order was filled at 119.00, because it had exploded out of a short-term flag pattern and long-term cup and handle, and I'm going to keep my position till September on the announcement of the iPhone 8, but I would look out for the Coppock curve forming an ascending triangle meaning there could be a deceasing in price in the few months.
Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has.
This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would...
APPLE-US - S/R waves that could effect the future price.
As price is now above the SMA - so price is trying to climb higher, but are now rejected by the Red resist level.
Once break, it will face the Resist zone. so for price to climb higher at this point is not easy, as rejection is strong.
Short term S/R Level and Zone Trade
(always wait for price to touch...