from 2016-04-24 to 2016-07-26 - between 89.46 and 101.01 w-formation was created Usually a w-formation is an trend-reversal-formation. And this w-formation was even created under the extended downside trendline after alltime highs in 2015 132.84 (2015-07-21): start of the downside trendline after alltime highs in 2015 123.60 (2015-11-04): end of the...
134.63 alltime high 132.84 start of the downside trendline 123.79 end of the downside trendline 123.79 trading box between the downside trendline & 1st low after alltime high 119.94 trading box between the downside trendline & 1st low after alltime high 119.19 low price of the alltime high trendreversal formation 112.52 trading box after false breakout of...
Appears as tho AAPL should now pullback to key support for a retest of the confirmed wedge aswell as the fib retrace. You could certainly short this on the way down as well. Look for AAPL to pullback with the S&P500, with both likely bottoming around the same time during september.
It's likely to have a long flat correction in wave (4).
NASDAQ:AAPL Currently the market are overbought and probably will down until the weekend, however I am optimist about the earning incoming and probably it will go up, I expect reach with positive earning about $105 or more. My suggestion is sell today (at good point) and buy at day 25 according the market. Let's await for next week. Trade wisely.
Apple have recently bounced on a double bottom, making an descending triangle formation. In addition to that, it bounced off a trend channel from 2012. A very good entry would've been @92$, but there's still a possible for another long entry, before we shoot for the skies. If this analysis is succesful, then you have an entry around 95$ with a target to 119,5$......