Shooting star on the weekly would be quite serious. At the very least a test down to $480.
The sell off Apple experienced in the second part of the day pushed it right to the 38.2% fib retracement.
Very nice ascending triangle forming on Apple. Pending breakout. $405 target.
Testing $500.00 seems to be in the stars for Apple tomorrow. Extremely impressive volume today. Bullish cross on Stoch also helps confirm the turnaround. Cross above $500 will be a trip to $516.
Forming a symmetrical triangle. Wait for the break.
Forming a symmetrical triangle. Wait for the break.
On July 31st we saw Apple following a similar 30 minute pattern as we saw today. Question is whether or not it can complete the pattern with a run tomorrow.
Only hope for the bulls right now is for Apple to not lose this rising trend line.
Triangle forming on Apple. Wait for a break to either side for an explosion.
Apple will have to battle the 200 DMA and the $481 resistance level if it wants to move towards $500 in the coming weeks. Would be interesting to see if we can at least break the 200 dma this week and test the $481 at least once.
Two weeks of consolidation between $240-$246 is finally over with a break towards the upside. Upside should continue towards $265.
The end of day run broke us out of the symmetrical triangle on the 30 minute chart. Volume is there to support it.
Following a similar pattern we witnessed in May. Break above $460 needs to occur asap.
Apple sold off with the rest of the markets but found a reliable support early on indicating relative strength.
Closing month of July proves to be the healthiest green close all year.
The current pattern Apple is forming is an ascending triangle. As long as all the red bars are kept tight here..we can see a break and a runner to $453.50.
Google above $900 = long. Google below $880 = short.
Apple did set a higher high than on May 31st. Good news is that unlike 05/31, we did not hit $457 and reverse into a down day. RSI is telling us a pullback is in order. Ascending volume for the past three days indicates that there might still be room for more running before pullback.