Seems that a lot of stocks are making possible rounded reversal patterns – Apple (AAPL) is no exception. We’ll soon know if these patterns are acutal reversals… or massive bull traps. Let’s look at Apple’s daily chart – if it is to mount a reversal to the upside, it will do so off current levels. …
I previously posted the “Three Hard and Fast Rules of Elliott Wave Theory” and now it’s time to see these simple rules in action on two stocks on different time frames. First, let’s review those rules: 1. Wave #2 Cannot Retrace 100% of Wave #1 2. Wave #3 Cannot be the Shortest Wave (but does…
The selling pressure was not contained today to Financial stocks – the NASDAQ lost 4.94% today, the greatest decliner of the four major US Equity Indexes, followed closely by the Russell 2000 (off 4.82%). Many technology and small-cap stocks fell greater than 5.00% today. Let’s take a quick snapshot of Apple Inc (AAPL) and view…
Apple Inc (AAPL) and Google (GOOG) are telling a different story on their respective daily charts – AAPL sits at support on a potential buy signal while GOOG has fallen beneath resistance on a potential sell signal nearing possible support. Let’s take a quick look to see if we can make any sense of this….
If you recently got disgusted and vowed never to look at a chart of Apple inc (AAPL) again, you missed a major move and locked yourself out of a valuable lesson. Let’s take a look at what’s happened since Apple’s ‘disgusting’ price action after their earnings report and where we stand now. Apple Daily (AAPL):…
There’s so much to be said about Apple’s (AAPL) intraday performance today. From the 10% gap down to a rally to close the day off just over 2%, Apple traders were in for an amazing ride. Let’s look at the intraday and daily chart to see where this leaves us. AAPL 5-min: The bulls truly…
What has Apple Inc (AAPL) been up to in terms of price action lately? Are we coming up on a fresh buy signal? Let’s look closer. Apple Weekly: Price has formed a lower swing high, but has pulled back and held up (especially given a drastic June and July in the broader indexes) in terms…
Is Apple Inc (AAPL) coming up on a short-term buy signal? Let’s look at the price structure to see. Let’s start with the weekly chart: Price may be finding potential support at the rising 20 week moving average, which could set-up a low risk entry (with a stop possibly beneath the 20 period average or…
Technology stocks have been in the news lately, so let’s take a quick look at three very popular stocks showing similar patterns: Research in Motion (RIMM), Apple Inc (AAPL) and Google (GOOG): RIMM Daily: RIMM missed earnings slightly, which sent traders punishing the stock mercilessly, plunging it beneath its strong trendlines and key moving averages. …
Apple Inc (AAPL) is a highly publicized stock which has exhibited a smooth trend recently. Is the most recent action in AAPL a steady retracement or a full-blown reversal? Let’s look to the charts for some clues: On the weekly structure, price has just completed a large run-up in price on declining volume (throughout 2008). …