Short Term Elliott wave view in Apple (AAPL) is calling the decline to 170.44 on June 4 as wave II. Wave III is currently in progress. Up from 170.44, Wave (1) has ended at 196.79 as a 5 waves impulse. Wave 1 ended at 184.99 and wave 2 pullback ended at 181.14. Wave 3 ended at 196, wave 4 ended at 194.57, and wave 5 ended at 196.79.
The stock is pulling back in...
The trend is developing nicely, using the 8 and 21eMA’s as dynamic support. A doji marked a swing low around $196, prior to its burst towards the April high. Enjoying its most bullish session in nearly a month yesterday, we think bulls will try to break this higher once more. Even if it’s not achieved today, we'd look for $196 to hold as support as we head into...
I am not some end-of-world theorist, I am just applying Jean-Paul Rodrigue's Stages of a Bubble of the Apple Inc stock.
I do believe that the current price correction is not over, as the MMAR shows that since 2008/09 each correction has been longer than the previous one. And currently Apple isn't even halfway through.
But if we apply the Stages of a Bubble...
Catch the dip @ 38.2%/50%/61.8% retracement points.
261.8% target remains a possibility but seems less likely for bullish target, 425% seems more likely.
Goodluck
IG: @BULLRINGANALYSIS
Easy to say/noted that AAPL has been following an upward trend & triangle pattern for some time now. The beginning of 2019 will be interesting for apple to say the least after massive drop in late 2018. Despite the drop, Apple has MUCH room for growth.
P.S : RSI Levels in good position for upward movement
not financial advice
In the four latest setbacks we have seen a turn between fib 0.5 and 0.618 (2013 was just below 0.5).
Support area 150.
Target 180.
Possibly a good swing coming weeks.
The price chart for Apple Inc. (AAPL) is presented in this analysis on a 6 hour timeframe. Price action on November 20, 2018 closed below the long term bullish trendline in Apple that had been established since June 27, 2016.
Support as drawn on the chart for Apple is between 160.62 and 149.93.
Price closing below 149.93 indicates trouble ahead for Apple, while...
As you can see the indicators clearly depicting APPLE on the 1D (Daily) chart.
Indicators used are;
HAZEMA V101 by JustUncleL (though I removed some lines in the settings to make it look this way, as it was too crowded with those lines but tweak it as best suited to you via settings)
Also you may need pro account to be able to add this indicator to your...
clearly we see the global price and its continuous evolution, you can see that it always has the same pattern, and also every time the major channel of the trend widens considerably, product in which the price has a wider space where can go, you have to consider this can be critical also the volatility of the price increase the volume strongly.
//But::/ simply,...
- Apple breaks neckline
- Potential supports labeled below
- Definitely doesn't look pretty...
Should be interesting to see where it falls too
- Sell Stop - 210.00
- Apple breaks neckline support
- Potential supports labeled below
- Definitely does not look pretty...
Will be interesting to see if it continues to fall!
- Be cautious of upcoming US elections
Stop Loss / Sell:
- 210.00
Technical Analysis and Outlook
The Apple stock finished lower coming from of Mean Resistance 222.50 , and it is resting at Mean Support 214.50 and completed inner Stock Dip 213 . Once the stock extends the descend by closing below Mean Support 214.50, this would confirm that a short-term bearishness is very real indeed, while progressing to Key Support...
Called the apple top, to this support, Im expecting this support to break, if you like Divergence, we got a massive divergence formed on the DJI / apple as well. Apple just came out with their new upgrade to a phone buy the rumor sell the news type deal with this one mirroring T.A. Expecting a retest of major support. Use as much Leverage if you like or not much...
The previous post played out perfect down to the tick.
APPL gave us a nice bounce and now a correction.
Watch for the this breakout for a long to around $240
