One day will not change the trend but (RSI) gives the bear camp a reason to hope below 30 but no sell signal so far. ST they have upper H
I will give you a favor, because you and a lot of "wannabe traders" need to learn how markets work. It is quite obvious you are bull when stocks are close to a top and bear when they are close to a bottom. This is normal, you behave like 90% of people / traders. The game is rigged. It was, it is, it will be rigged. Majority must lose a lot. Minority takes all. Greed and fear explain incorrect analysis / trades. Below is how you should analyze Apple. Basic analysis, clear as water. No need for multiple lines : a tunnel and 2 converging lines for RSI are enough. Maybe (and I say maybe) Apple could reach 150 dollars, why not 160 dollars (top of the tunnel) ? But at the end, the stock will lose at least 45 dollars! Why? Look at 2012 and 2015. Always the same story. 45 dollars. 4 and 5. 45. Even a child could understand. No need for a Phd in mathematics. For example, if top is confirmed @145.50, Apple is a SELL until 100 dollars. 100 dollars? Funny, a round number? Coincidence ? I don't think so! By the way, it should take months. But Apple will go south, whatever Warren & friends will try to manipulate. Hope it may help you and all wannabe traders. NB : no need to cry if Apple stops its correction @105 dollars or whatever. This is finance, not perfect science. CM
Qualcomm countersues Apple as smartphone power struggle heats up http://www.cnbc.com/2017/04/10/qualcomm-countersues-apple-as-smartphone-power-struggle-heats-up.html
Apple has a secret team working on the holy grail for treating diabetes http://www.cnbc.com/2017/04/12/apple-working-on-glucose-sensors-diabetes-treatment.html
A personal reading of the Gann method gives me a target of 156 for april 25. Should be somewhere around where Chris Mac has his trend line, but still- 15 bucks in 7 trading days, that will be quite a feat. Maybe Kim Jong nukes Samsung over the weekend and makes it happen though.