Time to SHORT Apple ....! very likely bearish momentumShort Apple @CMP
TARGETS - 127 / 120
SL - 163
Hello Traders,
welcome to this free and educational m technical analysis .
On the weekly timeframe you can see that Apple stock is currently having rejection from previous weekly resistance area which we had at $160
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
Apple
We do not recommend holding any shares of Apple stockBased on my analysis, it appears that holding shares of Apple (AAPL) may not be advisable at this time. The current price is facing strong resistance, and there is limited upward pressure to push the price higher. Therefore, I recommend avoiding AAPL in your portfolio as the price is expected to decrease to $137, which is a significant support level. It is important to note that breaking out of the $147 resistance level may prove challenging for AAPL in the near future.
Is Now the Time to Buy Apple Stock?Like many other companies, Apple has experienced fluctuations in its stock value over the past few years. The COVID-19 pandemic led to a surge in technology stocks as people began investing in home offices and entertainment, causing Apple's stock to reach a record high of $180.68 in January 2022. However, macroeconomic issues have since caused consumer spending to slow, leading to a decline in many technology companies' stocks. In 2021, Apple's stock fell by 26.8%. While it has since risen by 22%, it remains 13% below its January 2022 peak.
Despite this, now is an excellent time to invest in Apple's stock after its decline from its all-time high. In the fiscal year 2022, Apple's iPhone accounted for 52% of its revenue, earning $205.5 billion, a 7% increase year-over-year. Apple's stock fell by 15% from October 2022 to January 2023 after concerns arose regarding COVID-19 restrictions in China, where 70% of all iPhones are produced. However, Apple has made several moves to strengthen its iPhone business, including plans to move production out of China and focus on India.
Apple has also indicated that it plans to maximize iPhone profits by producing more of its components in-house rather than partnering with companies such as Samsung and LG. Apple is expected to begin using its own displays, WiFi, and Bluetooth chips in the iPhone, providing significant cost savings.
While Apple is a diversified company, the iPhone is its main revenue generator. As a result, the company's efforts to strengthen its iPhone segment are crucial for its long-term success. Apple has also expanded its digital services business, which accounted for $78.1 billion in revenue in fiscal 2022, a 14% year-over-year increase. This is double the growth of the iPhone segment, and services have a significantly higher profit margin than products.
Apple's services are well-positioned for growth, particularly as the global music streaming market is projected to grow at an average annual rate of 14.7% through 2030. Apple's services are optimized for use with its products, particularly the iPhone, which has a significant market share. As a result, the company's services are expected to provide substantial growth for years to come.
Apple's stock may be down 13% from its all-time high, but its future remains bright. The company's improved iPhone business and promising growth in digital services make it an attractive investment option. Apple's forward price-to-earnings ratio has dropped 15% over the past year, making it a compelling buy at present.
AAPL stock still maintains positive momentumApple Inc. (AAPL) is a well-known technology company that produces and sells consumer electronics, computer software, and online services. The stock of Apple Inc. is listed on the NASDAQ stock exchange, and it has been one of the most popular and widely traded stocks in recent years.
The performance of AAPL stock is subject to many factors, including market conditions, global economic trends, and company-specific developments such as product launches, earnings reports, and mergers and acquisitions. In general, positive momentum in a stock indicates that buyers are in control and the stock is trending higher.
If AAPL stock is maintaining positive momentum, this could suggest that the market has a positive view of the company and its future prospects. However, stock prices can be volatile, and short-term momentum may not necessarily indicate long-term success. Investors should do their own research and analysis to evaluate the company's financial health, management, and competitive positioning before making any investment decisions.
It's important to note that investing always carries some level of risk, and past performance does not guarantee future results. Before making any investment decisions, it's important to consult with a financial advisor and conduct thorough research to assess the risk and potential returns of any investment opportunity.
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APPLE I Wait for retest of previous structure and continuationWelcome back! Let me know your thoughts in the comments!
** APPLE Analysis - Listen to video!
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Apple -> Attacking The All-Time-HighsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153.
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
On the daily timeframe you can also see the beautiful breakout above the resistance, I am now just waiting for a retest and bullish confirmation before the next impulse towards the upside is very likely to happen.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Google - A Manipulation Dump and an Antitrust Exit PumpIf you have a taste for anything like freedom of speech, neither Google nor YouTube are companies you will like. This thing started as a search engine that actually had the motto "Don't Be Evil" before it was corrupted by the Chinese Communist Party when "very smart people" wanted to get it into China.
You see, doing business with "China" right now always means licking the boots of the "Chinese Communist Party."
This means you have to toe the Party Line, and that means topics like the June 4 Tiananmen Square Massacre and the persecution against Falun Gong, and Hong Kong democracy have to be suppressed in accordance with whatever the regime says during the previous, current, and future 2 hour periods of each and every day.
It was then that Google developed a taste for its own form of shadowbanning and thought itself smart to roll out the CCP's ethos into its worldwide business model. When you search for content you get curated whatever gibberished and extreme leftist-establishment stuff it thinks it can give you to either attempt to nudge your opinion and values (DONALD TRUMP BAD!), or to just cover up the truth (try finding an update on the pandemic situation in China that isn't 2 weeks old).
As scary as all of that is, more terrifying is the way that Google is able to control the editorial direction of every single website on the planet, especially news media, by strictly controlling the web ads market, which it has controlled 90% of for many years.
Don't want to follow the Party's edicts on stuff like the Marxist revolutionary group Black Lives Matter destroying cities? Don't want to promote masking, social distancing, and mandatory vaccination during a "pandemic"?
Then they take your site's ad revenue away, for real.
Hint: there aren't many ways to make money with a website whose product is free words ("news") besides advertisements.
On Jan. 24 the US Department of Justice finally launched an antitrust suit against Google , seeking to financially penalize and force Google to divest its share of the markets.
What's scary about this for investors is that Google inked $209 billion in revenue from web ads in 2021. According to Q3 Financials, ~$167 billion of its $207 billion in revenue for the 9 months ending in September 2022 came from web advertisements.
This part of its business is pretty much what Google actually is. The search engine is really just there to dominate the Internet for the purposes of keeping the ad revenue train clutched in their own claws.
And curiously, when the DOJ made the suit's announcement, Google's share price only fell $6, and over the course of two days, before rebounding in the big tech short squeeze.
This is kind of a big deal because Google losing its web ad business means Google goes out of business, and US Government antitrust lawsuits aren't this kind of thing that they drop one day or that the courts or a jury will side against the administration on.
Google's Q4/FY22 earnings is Feb. 2 postmarket. This timing is especially significant considering that the FOMC rate hike is Feb. 1.
The question when facing a strange price action situation underwritten by big fundamental changes with multiple culminating timing catalysts is always: Is the stock going to go up or is it going to go down?
The thing about Google's monthly bars is there's a very small gap at $81.05, which was conveniently evaded in the October dump and kept off during the Nov-December market retrace.
The clearest view of overall price action is on the weekly candles:
My thesis is that Google will have a terrible earnings call, regardless of whatever data it puts out, because of the pending lawsuit. I suspect markets will bear trap with FOMC, regardless of the fundamentals. All of these come together to make me believe that February prints $79-$81.
Makes for a nice 25% short.
But when this arrives, I believe Google and the Nasdaq in general will actually turn around and really trend hard upwards, regardless of the fundamentals.
This makes for a nice 29.5% long if Google really only retraces into the $95 gap, and a 50%+ long if she goes into the $81 range.
I believe the reason a tech pump will happen is because the sector attracts the biggest suckers (retail, Robinhood, Reddit, Cathy Woods, Jim Cramer) and Wall Street will be using them to empty their bags.
Citadel and JPM and friends always buy low and sell high. They don't buy high and sell low. That's what you do.
If banks and funds did that, they'd be broke like you are, and we'd have Bear Sterns every month.
Once big tech starts to trend upwards, you have to be careful. The market will more or less do what Tesla did the last two weeks and just go uppy as weekly puts expire worthless.
And there will be no real sign of anything fundamental that should stop the train. Everyone will flip bullish for one reason or another (mah 200 DMA, meh trendlines, moh 76.321847234% Fibonacci) and it'll seem like it's time to get back to the good old days of 2021.
But it's not 2021. It's 2023, and everything is broken. Summer is going to be harsh, and Autumn will scare you.
And then the Chinese Communist Party will be destroyed by Wuhan Pneumonia seemingly overnight, and all the plans will be interrupted.
My advice to traders is to just risk a lot less and try to keep your risk within your winnings as much as possible. Also, if you really do see a black swan with China that crashes markets, don't buy that dip. Not even a scalp. It won't be like COVID hysteria was with 1,000 point up and down swings on the Dow this time. Everything will just gap down and stay down.
Liquidity will be a precious commodity.
One thing I've learned is that people never believe in what they think can't happen until it's unfolding in front of their face. Then they come back and are like "Wow it really did happen!"
Even I am subject to that flaw, because the length of time things take to unfold makes actually believing you are right very, very difficult.
That being said, I believe that we're looking at overall feverish bull market hysteria heading into May.
But what happens starting in May and heading into July is very likely going to change everyone's lives forever and ever.
LYFT - Buy the Dip, Ride the LiftAccording to the Internet, Lyft is down some 30% post-market following an earnings call that says the company slightly beat revenue and active rider targets, but reduced guidance for Q1 '23 by roughly 10%.
Q1 spending and travel being down under the conditions of a) post-Christmas and b) in an economy where credit card debt and credit card rates are climbing high count as a surprise to absolutely nobody.
This kind of situation immediately piques my interest. It piques it because the move smells of big money manipulation, the #1 sign that something is about to reverse and a big move is pending.
But the news only caught my interest because a Twitter friend had DM'd me about a trendline astrology breakout on Lyft last month, otherwise I had never looked at it, and so I have had it in the back of my head all this time that a pullback to the trendline would actually be worth looking at buying.
Now that I've actually looked at Lyft, I like what I see.
There's a smaller precedential fractal on Silver futures that illustrates the kind of play I've been looking to see manifest.
Trendline breakout --> retest --> more up is a very common pattern that MMs like to play.
China Watch
The markets are shaky right now, as is the rest of the world. The reason is, the Wuhan Pneumonia pandemic situation in mainland China is countless times worse than the media and Xi Jinping and his Chinese Communist Party are telling the world. The regime still claims that under 100,000 people have died from COVID over the last three years.
Just go take a look at how many people have died from COVID in countries with 5-30% less population, countries that aren't the origin of the pandemic, and ask yourself if there's even a 0.001% chance that the CCP isn't just lying and covering up the situation because the Party is _highly_ unstable right now.
If you still don't believe it, then remember the Party covered up the 2003 SARS epidemic too. A lot of people died, but the communist regime has always claimed only a few thousand died.
It's almost like an evil communist dictatorship has to lie a lot to keep its political power in tact, or something.
It's almost like evil communism doesn't lift anyone out of poverty and isn't saving any lives, or something.
What a revelation.
Regardless, the CCP will fall in our lifetimes, much like the USSR fell on Boxing Day '91. When the Party goes, a lot of things are going to go with it, because China is a much bigger deal than Russia. This is humanity's oldest country, self described as the ("Middle Kingdom"), and the only country to have roots to a 5,000 year old traditional, divine culture.
It's also the only country where its government has gone so far as to commit the unprecedented crime of live organ harvesting during the persecution of Falun Gong and Uyghur Muslims, and is composed of the most wicked and shameless rogues, and is the most heinous mafia, in all of human history.
When the Party falls, a lot of governments are going to try to take China. And on top of that, what comes out of China as, and after, the Party falls, will implicate many of the same governments and the corporations they formed these "public-private partnerships" with.
A lot of individuals will also be implicated. The Sam Bankman-Fried scandal will seem rather insignificant (although you'll also see what was really behind that).
All of this combines to mean that any bull market can be sharply and immediately truncated by both geopolitical and natural disaster risks. You have to bear this in mind and take profits on the way up if you're lucky enough to get a winning position!
The trade
On the monthly bars, LYFT isn't really amazing at first glance. I, mean, it could go to $0 right? Everyone knows everything is going to zero because FEDERAL RESERVE and because RECESSION and because ECONOMY.
This is the problem with the bear narrative right now. Instead, you should be looking for bull impulses inside of the prevailingly bearish fundamentals.
But then I looked at the weekly and I saw what needed to be seen.
Namely, the last 6-8 months of trading have been a play on the '20 low of $14.56.
More over, this earnings dump was arranged with a failure to break the $18.58 September '22 high, which has created a double top
To me, this, combined with the fact that tech should really be the next thing to pump in anticipation of a July --> December genuine bearpocalypse, leads me to believe Lyft actually bottomed in December.
All and all, the play is simple:
1. Buy under $12
1. a) Don't get scared
2. Don't want to see a new low set
3. Targets are the $18.58 double top, May '22 $22.82 gap candle, and the $30 gap fill.
What's not to like on the risk/reward in this trade for a company that isn't about to head towards bankruptcy?
Moreover, it's not like we're about to see another round of pandemic lockdowns in the next three months, so travel demand ought be hot going into the summer.
Moreover, I joked in my Intel short-long-short call from last week that the most profitable trade in the US equity markets has to be buying the dip after an earnings dump and waiting for the gap fill/gamma squeeze to play out lol.
Intel Corporation - Buy the Raid, Ride the Wave
Good luck, stay safe, and choose a future for yourselves by opposing the CCP and all of its Marxist-Leninist garbage.
APPLE Head And Shoulders! Buy!
Hello,Traders!
APPLE broke the neck-line
Of the H&S pattern that
The stock formed below a
Horizontal key level
And the breakout is confirmed
Thus, we are bullish biased
And we will be expecting
A move up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
#AAPL Trading plan!Hello friends!
In this idea, I describe the reasons based on which I consider trading in one direction or another.
Resistance level - reversal;
There is energy accumulation before the level for breakout;
The stock looks better than the S&P500;
Yesterday's close below the level (a good signal);
Parabolic energy accumulation before the level.
The stock looks very good, on the chart we have a two-month parabolic accumulation.
If we analyze only the chart, the stock looks like it has potential for medium-term growth upwards.
But let's not forget about the news from the Federal Reserve System (Fed) on March 22, 2023, where
they will discuss further plans regarding the interest rate. So, if the price opens below the level of $153.35,
I plan to buy on the breakout of this level. If the price opens above the level, then I plan to buy on the price
pullback to the level of $153.35. I will describe 4 targets in case of good execution of my plan, where I will close the deal.
Target №1: $160.00
Target №2: $163.00
Target №3: $170.00
Target №4: $176.00
Despite all the targets, at any moment if I do not like the market, the trade will be closed. Be careful, the market
is very unstable right now, enter only from strong levels and with stops!!!
Wishing everyone profits!
APPL: $318 | Buildig a Short Position one big volume spike or unusual Price moves
then time to pull the trigger
sizing entry 10% | 20% Reserve 70% at Key Levels Lower Highs or when Good News has no impact anymore
==
is it a phone company (motorola) . a tech company (tesla) . a design company (ogilvy) . a lifestyle company (harley david)
oh a RELIGION like BiTCOIN just look at the Price Action
with a never ending Higher Lows
AAPL's Inverted Head and Shoulders: Breakout? Laugh? Caution?Our good friend, Tommy, has been closely watching Apple Inc. (AAPL) with his hawk-like vision and a pinch of dry humor. He recently spotted an interesting technical pattern on the stock chart: an inverted head and shoulders. Tommy believes that if this pattern confirms a breakout, AAPL could rise to $168 before experiencing a more significant downward move closer to $120. Let's dive into the details and explore the importance of the $156-$157 level, while keeping in mind that a healthy dose of humor can't hurt.
Inverted Head and Shoulders: A Classic, But Not a Cliché
Tommy, ever the keen observer, has identified an inverted head and shoulders pattern on AAPL's chart. This pattern, like a good dad joke, is well-known and well-worn but can still pack a punch. The formation suggests a potential bullish continuation, and if it confirms a breakout, AAPL could be on the verge of making an upward move.
The $156-$157 Level: No Laughing Matter
As much as Tommy loves a good chuckle, he's adamant that the importance of the $156-$157 level is no laughing matter. This critical level acts as a linchpin for the inverted head and shoulders pattern. If AAPL manages to break above this level, it could propel the stock towards the $168 target, validating Tommy's keen observations.
However, Tommy wants to make sure everyone understands the gravity of the situation. If the $156-$157 level fails to hold, it would be like the punchline of a joke falling flat. In this case, AAPL could face significant downside risk, possibly sending the stock spiraling towards the $120 level.
Conclusion: Brace for Impact, but Don't Forget to Laugh
In conclusion, Tommy's analysis of AAPL's inverted head and shoulders pattern could prove to be a critical insight for traders and investors alike. If the breakout confirms and AAPL surpasses the $156-$157 level, we could see a short-term rally towards $168 before a more significant decline. However, if this crucial level fails, the stock could plummet, and the joke will be on anyone caught off guard.
As always, it's essential to approach the market with caution, and proper risk management techniques should never be taken lightly. Remember, while a bit of dry humor can lighten the mood, never underestimate the importance of critical price levels and the potential impact they can have on the market.
Apple -> All Eyes On The BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is once again retesting the quite strong resistance area exactly at $156.
You can also see that this is already the fourth retest from a weekly perspective and the more often we actually retest a zone, the higher the likelihood that we will eventually break it, so from a weekly timeframe I am now just waiting for a breakout above the resistance and a retest and then definitely the continuation towards the upside.
On the daily timeframe you can also see that Bulls are always trying to push Apple stock above the resistance, I think that we are definitely ready for a breakout with my next upside target being at $165.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Appl trade ideaHello friends!
In this idea, I am describing the reasons based on which I am considering trading in one direction or the other.
The resistance level is a mirror image;
The price has been approaching this level for three days;
There is a parabolic rounding before the level;
There is an accumulation of energy before the level for a breakthrough;
The stock looks better than the S&P500;
Yesterday's close was below the level (a good signal).
This idea is for intraday trading. At the time of writing this idea, the pre-market is below the level.
Assuming the price opens below the resistance level of $153.35 and slowly moves towards the level,
I plan to buy on the breakthrough. I have indicated the risk-to-profit ratio.
Target: $156-$157.
Be careful, the market is currently very unstable, only enter from strong levels and with stops!!!
Profit to all!
BBY Best Buy - A Ripe Opportunity for 50%Best Buy is a company that I never liked. However, recently I had to deal with them and found that the stores are in much nicer shape, the inventory is much better, the web experience is actually pretty clean, and moreover, at least here in Canada, there's actually nowhere else to buy electronics. They pretty much have the market cornered.
What I found is that while prices were low because consumer spending is in the toilet, inventory is also low because China has been smashed up pretty hard by the Wuhan Pneumonia pandemic, and the situation with Xi and his Chinese Communist Party is likely to get a lot worse before it even begins to try to get better.
You have to be careful with equity longs over the next 4 months, especially the more bullish it gets, because the Chinese Communist Party's collapse is the big black swan that nobody believes is coming, but that the US and Wall Street seem to know is on the way.
When the calamity unfolds, a lot of things are going to change in the world. No human beings are really prepared for what is going to happen. Humans and governments always make their plans, but reality always gets the last laugh.
What this ultimately means is that for the electronics sector, demand should increase because we're heading into the spring and summer months of the North American markets, but supply will be low because the guys who were making things have been disrupted, and in the worst way.
In other words, we're looking at a bullish impulse inside of prevailing bearish conditions, which is the premium short setup. But often the best short setups are precluded by outstandingly easy long setups, which is where we're at with Best Buy.
I currently believe that since the prevailing narrative across all markets has been so bearish for so long, that we're about to get a bear trap that will see equities and indexes dump rather aggressively, because everything is about to go off hard to the upside.
I believe that the real market crash will begin to unfold somewhere around the end of July of this year, and in the meantime, markets are going to pump while Wall Street gets positioned on the real "Big Short."
So for Best Buy, there are some nuances to the chart that's been setup.
One is that on the monthly bars, the price action can only be described as unclear.
COVID and October lows have never breached or even touched the long term trendline, and yet there's an unbroken double bottom at $49. While double bottoms normally give me a big reason to believe they're about to become a magnet, I think that going from $86 to $45 in the next few months is just really not the most likely option.
On the weekly bars, we get a much more lucid situation:
Weekly, Best Buy is still trading well below equilibrium of the range measured from the ATH to the October low, and under the 200 DMA. None of these are bullish factors, but we also want to buy weakness when going long.
In terms of upside targets, Best Buy has an enormous gap over $116 that was never touched on the way down. Instead, the MM algo left a spike candle at $112 and proceeded to dumpster it.
Both of these areas become targets to aim for on a long trade.
On the daily candles, recent price action was clearly a breakout play against the 200 DMA, with the recent FOMC rate pump activity being a re-raid on the August of '22 highs.
This means I expect a pullback near the lows, primarily because price algorithms like to return towards lows after taking big highs during news drivers. But I feel it's also very obvious on Best Buy because there's a nice fat gap under the equilibrium between October lows, the recent highs, and the daily 200 DMA.
Upside from the $75 area to the $115 gap is 50% and the time horizon is roughly 3 months. Stop out if it sets a new low.
Good luck, and don't get caught being afraid on coming price action. Even more importantly, don't get caught being greedy if markets start to pump.
Humanity will soon face an enormous tribulation that will be hard to pass. More will be at stake than trading accounts.