Apple Retesting All-time-high BreakoutApple is currently retesting the all-time-high breakout zone. If you're looking for an entry with a close stop loss for Apple, this would be the moment you would enter the market.
Given that we just reached a new all-time-high by overcoming MAJOR resistance, the chance of us breaking to the upside and continuing to make new all-time-highs is very likely. The resistance above is very minimal and above that is all open sky.
Applelong
#APPL Apple US Stock longs at D1 and weekly demand levelsApple weekly timeframe is pausing before it breaks out creating second leg out
Price did not pullback yet to weekly demand at 158, previous weekly demand imbalances at 150 and 142 have played out nicely
Longs at new weekly and daily demand levels
Apple long term buy?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 head and then rebound). AAPL recently released the iPhone X so since that's so recent there is not much room for its sales and profit to be counted in today's earnings report - but maybe in Q4.
So, if the stock rises I may cancel my take profit and go long-term. But, if it falls as I previously said I may buy for a medium-term swing trade.
Long AAPLApple reported spectacular results for third-quarter fiscal 2017, driven by the impressive Service segment performance. iPhone sales were also steady in the quarter.
Earnings of $1.67 per share and revenues of $45.4 billion surpassed the Zacks Consensus Estimate of $1.57 and $44.7 billion, respectively. On a year-over-year basis, earnings grew 17.6% and revenues increased 7.2%.
Total iPhone unit sales came in at about 41 million, up 2% year over year. Revenues from iPhone grew 3% from the year-ago quarter to $24.8 billion (54.7% of total revenue).
Services revenues - including revenues from Internet Services, App store, Apple Music, AppleCare, Apple Pay, and licensing and other services - surged 22% year over year to nearly $7.3 billion. App Store sales were a big contributor. The company remarked that it is now the size of a Fortune 100 company, much earlier than the company expected. Across the segment, the number of paid subscribers grew 20 million to a total of 185 million in the last three months.
Apple sold 11.4 million iPads in the quarter, up 15% year over year. Revenues of $5 billion were up 2% from the prior-year quarter.
Apple Mac unit sales were up 1% year over year to approximately 4.3 million, while revenues grew 7% from the prior-year quarter to $5.6 billion.
Other products - including revenues from Apple TV, Apple Watch, Beats products, iPod, and Apple-branded and third-party accessories - increased 23% year over year to over $2.7 billion.
APPLE @ Daily @ Basic Scenarios after all-time high 2015Main DownSide Trend - 132.84 (2015/07/20) & 123.60 (2015/11/04) - BreakedUp 2016/08/01
The question i am asking myself is: "Are all bearish formation are processed - and be left behind ???"
the SellOff day in August`15
the selling pressure in january`16
the trendreversal in hune`16 & july`16
the DownSide Gap in may`16 & august`16
From there the actuallity TradingBox is essential - for higehr prices !!! `Cause it confirms only waht iam trying to explain. How ever, i am thuiking the chart speaks for itself. A good price action above 112.52 & 108.13 while the next 5 trading days next week should animate more traders to except a better development again - and even as consequence create a new upside trend into 123.79 & 119.94 at least. Before it again goes to 134.63 at least (even all-time high) and higher !?
But don`t get euphoric !!!
I am personally pretty neutral, `cause this autumn we`ve got a sideway trend under the dash ...
Only when AAPL trade this week above the TradingBox (112.52 & 108.13) this week - so in the next 5 days - i`ll get long again probably :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AAPL Long 2016/20172016/11/17. Apple stock predictions for next months and years.
Apple stock price predictions for November 2016.
The forecast for beginning of November 113. Maximum value 124, while minimum 107. Averaged Apple stock price for month 115. Price at the end 117, change for November 3.54%.
Apple stock predictions for December 2016.
The forecast for beginning of December 117. Maximum value 128, while minimum 114. Averaged Apple stock price for month 120. Price at the end 121, change for December 3.42%.
Apple stock price predictions for January 2017.
The forecast for beginning of January 121. Maximum value 135, while minimum 119. Averaged Apple stock price for month 126. Price at the end 127, change for January 4.96%.
Apple stock predictions for February 2017.
The forecast for beginning of February 127. Maximum value 137, while minimum 121. Averaged Apple stock price for month 129. Price at the end 129, change for February 1.57%.
Apple stock price predictions for March 2017.
The forecast for beginning of March 129. Maximum value 143, while minimum 127. Averaged Apple stock price for month 134. Price at the end 135, change for March 4.65%.
Apple stock predictions for April 2017.
The forecast for beginning of April 135. Maximum value 137, while minimum 121. Averaged Apple stock price for month 131. Price at the end 129, change for April -4.44%.
Apple stock price predictions for May 2017.
The forecast for beginning of May 129. Maximum value 143, while minimum 127. Averaged Apple stock price for month 134. Price at the end 135, change for May 4.65%.
Apple stock predictions for June 2017.
The forecast for beginning of June 135. Maximum value 136, while minimum 120. Averaged Apple stock price for month 130. Price at the end 128, change for June -5.19%.
Apple stock price predictions for July 2017.
The forecast for beginning of July 128. Maximum value 142, while minimum 126. Averaged Apple stock price for month 133. Price at the end 134, change for July 4.69%.
RED-Weekly
BLUE-Monthly Channel from 2009
Purple- Daily Channel
APPLE @ daily Chart @ with new Yearly High (last Monday)
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 downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed
After the breakUP of the downside trendline after alltime highs in 2015 the breakUP was etablished by two new lows
(a) even above the w-formation (101.01)
(b) even above the downside trendline after alltime highs in 2015 (102.24)
Right here right now we got a short term trading box
116.19 (2015-09-19): yearly high of 2016
112.71 (2016-09-23): Friday (last trading) Closed
111.55 (2015-09-23): intraday low of friday
To trade new yearly highs is the mid-term trading zone essentiel
False breakOUT of the downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed
112.38 (2016-04-14): highs while the false breakOU-formation in april`16
108.07 (2016-04-17): lows while the false breakOU-formation in april`16
1st target is 119.19
112.71 (2016-09-23): Friday (last trading) Closed
only if the share falls while october (or while the next 4th quarter`16)
under 103.91 (gap before the w-formation was created)
under 102.87 (gap after the w-formation was created)
under 102.47 (low after the the w-formation was created)
the big technical picture will not be constructive. So even above 102.47, even above 102.87 & even above 103.91 the big techical picture is still sugessting higher prices. Higher prices until 119.19 and higher - while this year 2016.
Long-Term BUY Signal
Meanwhile also the 100 SMA is only 70 Cent under the 200 SMA !!!
Usually a 100 SMA upside cross over the 200 SMA is suggesting also higher prices ...
112.71 (2016-09-23): Friday (last trading) Closed
102.06 (2016-09-23): 200 Daily SMA
101.36 (2016-09-23): 100 Daily SMA
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
APPLE @ basic Scenario since ATH (freestyle)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 the downside trendline
108.13 trading box after false breakout of the downside trendline
The 1st target ist 119.19
- but i am thinking that the share will oscialating between 112.52 & 119.19 in september`16.
In the 3rd Quarter should be the trading box (119.19 & 123.79) only a question of time. So that the shares should raise up into new alltime highs 2017 - even 134.62
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps