AAPL Daily Chart
|July 10, 2014
Price printed another green Heikin Ashi below Fibonacci $196 at the top of the channel, at this level I am waiting for a breakout at $96 with volume to re-enter long since DMI still bullish and strong, support at the 5MA ($94.84) and Fib $93.54
April 5, 2014
AAPL failed at major decade number $550 after a nice wedge breakout from $532 to $549 them price didn’t hold above Fibonacci $541.55 and Friday finished a couple pennies below Fib $532.65. Notice how the price is right at support 50MA-Day and about to enter bearish zone, Indicators are neutral on DMI and MACD.
March 22, 2014
I am long short term with my eyes on Friday’s low $530.58, below this level Fibonacci $532.65 breakdown will be confirm and the next target on bearish zone will be $523.74, but if we bounce and hold above $532.65 the bulls will try to test $550 before Earnings report.
AAPL Price is moving sideways inside a symmetrical triangle wedge very near to apex, you can see the huge battle at Fibonacci $527.53 with not clear winner.
February 16, 2014
AAPL Price finished last week $0.67 cents above 50sma and is right at resistance (wedge) Heikin Ashi candles still strong and this is 9th green candle without shadow, usually apple moves 9 to 15 Heikin Ashi candles; notice also that DMI still strong and has a lot of room for the bulls to navigate.
On DMI the only time in 10 years that ADX was below 10 was on November 2011 when price breakdown 20 points before a huge move from $417 to $644 and on July 2012 price moved in a tight range 20 points before breaking out from $595 to $705, in both occasions Apple was trending up the same is doing now. Other robust indicators are neutral including Heikin Ashi candles.
The levels to watch base on Volume profile and price action road map Fibonacci are $540.50 for the bulls and $$515 for the bears. Trade On
I'll be watching Key number $546 above this level price will confirm 50sma and wedge breakout and will test for sure next Fibonacci resistance $552.41 them $572.50; support is at Fibonacci $542, averall price action still Bullish and strong.
October 31, 2013
AAPL Price is inside an uptrend channel above Fibonacci $513.80, Yesterday price action printed a inside bar with clear levels to watch: $540 and Fib $513, above $540 is a buy with some some resiatnce at $543 or below $513 can be a short with a $490 target.
October 10, 2013
AAPL still inside the triangle wedge pattern and havent hold above Fibonacci resistance $490. Notice the Volume profile where the real money is $476 and $514 I am bullish but waiting to see momentum above $490
October 1, 2013
AAPL is under accumulation inside a triangle wedge pattern , notice that on DMI Bears still in control but they are very weak since ADX is below 20, I am watching $470 or fibonacci support $466 to enter long or if price breakout the wedge with average volume.
September 26, 2013
AAPL Failed at Fibonacci $490.27 but still above 10sma, robust indicators are neutral with ADX below 20 we may see sideways action from here until a new catalyst
September 26, 2013
Price is right above the 50SMA and directionals are getting closer for bull crossover, however I am not long yet since my momentum indicator DEMA 21 ($476.26) is resistance, I may get half position above the 10SMA and the other half above DEMA 21. DMI and MACD still bearish!
September 11, 2013
AAPL twerking again.
Twerking is a type of dancing in which the dancer shakes her hips in an up-and-down bouncing motion, Apple released two new Iphones yesterday and traders didn’t like their show since price is down almost 7% but it’s not a surprise to me since Apple has breakdown 66.66% of the times after a new Iphone has been release. Getting technical Price is heading to breakout point major Fibonacci support $466.22 at this point there is three possible scenarios:
September 8, 2013
1. Price bounce at $466 and rally to new highs
2. Price breakdown and finished the year around Fibonacci support $388
3. Apple twerk around Fib $466 and stay there for a couple weeks or months.
Price is inside a Bullish Flag pattern with resistance at DEMA 21 $502.98 and support at $490, ADX is heading down meaning there is not strength but Apple September 10 special event can bring the bulls or the bears to the table. I am long with ultra tight stops.
September 3, 2013
AAPL Made another green Heikin Ashi spining top after price failed at $514, DEMA still bearish but DMI is bullish with a lot of room for the bull to run.
McBillion Bulls: Enter Long above DEMA 21 $501.50 resistance/exits $514, $530, $544 Option traders use Sept 525 Calls at $3.00
McBillion Bears: Enter Short below $485 Resistance/exits $472, $466 Option trader use Sept 450 Puts $2.00
August 23, 2013
AAPL is making Heikin Ashi spining tops after a +47 points move from a triple top pattern breakout, because the move was so fast price needs to consolidate before trying to retest Fib resistance $514. The Fibonacci levels to enter long are $495 and $490. Cheers
August 21, 2013
AAPL Fibonacci levels to watch for day and swing traders, there was a breakdown pre-market but decade number $500 hold price pretty well, indicators still bullish but momentum is starting to slow down a bit. If price try to take $506 and fail I'll be watching puts..
August 19, 2013
AAPL just breakout 3 days consolidation (see ascending triangle pattern) and found resistance at Fibonacci $506.09, price may restest breakout before continue is uptrend to $514, Indicators are bullish, follow your roadmap. Cheers
August 5, 2013
Price is heading to major Fibonacci resistance $467 See 1,2,3 but this time Indicators look stronger than before, ADX was flat or heading down on 1 and 2 points but this time ADX is trending up and directional have room on the top and bottom, futures for today are showing a strong bias to the upside however be open mind and watch this level carefully since price failed here before here so it can be an opportunity to short Apple but if price breakout here I will open a position above $467. Trade On