🍏 Apple (AAPL): unfolding the bullish triangle●● Preferred count
● NASDAQ:AAPL , 🕐TF: 2W
Fig.1
The wave count on the weekly interval has not changed. More than a year ago, we were waiting for the beginning of a sideways correction in wave ((iv)) of 3 , and, as the analysis of younger time periods shows, it has begun.
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● NASDAQ:AAPL , 🕐TF: 2D
Fig.2
At the moment, the triangle (a)-(b)-(c)-(d)-(e) is predicted as the most frequent pattern that appears in the position of the fourth wave of the impulse . Moreover, the alternation rule requires the appearance of a sideways correction.
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● NASDAQ:AAPL , 🕐TF: 12h
Fig.3
At the end of the triangle, a long trading setup will open.
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●● Alternative count
● NASDAQ:AAPL , 🕐TF: 1W
Fig.4
Globally alternative markup does not require revision either. The only clarification is the following: development of the ending diagonal in the wave (5) of ③ is probable.
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📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
AAPL
Apple -> New All-Time-HighHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe is also showing that Apple is not slowing down at all, there are barely any red candles which means that buyers are 100% in control of the overall bullish market.
And after Apple gapped higher on Friday, the daily timeframe is certainly ready for a short term technical pullback to fill the gap, but then there is definitely a higher chance that the next move on Apple stock will be again towards the upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
AAPL Upward Channel OverextensionAAPL has been leading the market over the past couple of months after running more than 55% from its recent bottom and hitting that mythic $3 trillion dollar market cap.
For the past two months AAPL has been trading within a clear upward channel clearly respecting the top and bottom of the trend. AAPL has been making a series of higher lows and higher highs while making slight pullbacks to key demand levels.
Last week AAPL finally broke up from the wedge pattern on the hourly to finally head up to test the top of the channel trend again. After the gap up and run last week AAPL is starting to look overextended on the hourly while we are also spotting a possible bearish divergence in the RSI forming.
Careful going long on AAPL as so far it is being rejected at this supply zone and we have picked up bearish activity betting on a pullback to $191.50. Risk/reward doesn't favor going long as it is overextended even from EMAs.
Bulls are looking for a break above the channel or $195, target $196.33 or our 0.619 fib extension. Bears are happy as long as AAPL doesn't break above the supply zone and remains below $195.
Part 3 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set.
- SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend
- TSLA potentially shaping up an equilibrium
- NVDA bull break above 420 back into its all time highs sideways chop zone
- AMZN fifth rejection from its 131 chop zone still above support though
- GOOGL still the weakest only tech in a daily downtrend
- MSFT went form daily downtrend to uptrend today
- META same as AMZN in a chop zone rejection 5th time from its resistance.
Part 2 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set.
- SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend
- TSLA potentially shaping up an equilibrium
- NVDA bull break above 420 back into its all time highs sideways chop zone
- AMZN fifth rejection from its 131 chop zone still above support though
- GOOGL still the weakest only tech in a daily downtrend
- MSFT went form daily downtrend to uptrend today
- META same as AMZN in a chop zone rejection 5th time from its resistance.
Part 1 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set.
- SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend
- TSLA potentially shaping up an equilibrium
- NVDA bull break above 420 back into its all time highs sideways chop zone
- AMZN fifth rejection from its 131 chop zone still above support though
- GOOGL still the weakest only tech in a daily downtrend
- MSFT went form daily downtrend to uptrend today
- META same as AMZN in a chop zone rejection 5th time from its resistance.
Celebrating Apple's Historic Milestone: Market Cap Hits $3 Trill
Apple Inc. has achieved an extraordinary milestone - our market capitalization has soared to an unprecedented $3 trillion! 🎉🍏
As you may know, Apple's journey to success has been nothing short of remarkable. From the launch of the iconic iPhone that revolutionized the smartphone industry to the introduction of groundbreaking services like Apple Music, Apple Pay, and Apple Fitness+, they have consistently pushed the boundaries of what technology can do, enriching the lives of millions worldwide.
This significant milestone highlights Apple's strength and presents a remarkable opportunity to consider further investing in Apple stock.
Here's why we believe Apple continues to be an excellent investment opportunity:
1. Continued Innovation: Apple's commitment to innovation remains at the core of its DNA. With upcoming products and services in the pipeline, they are poised to redefine numerous industries and create new growth opportunities.
2. Strong Financial Performance: Apple has a consistent track record of delivering strong financial results and a robust balance sheet provides a solid foundation for long-term growth and stability.
3. Expanding Ecosystem: Apple's ecosystem, encompassing hardware, software, and services, creates a seamless user experience that fosters customer loyalty and drives revenue across various verticals.
Consulting with your financial advisor to evaluate your investment strategy and make informed decisions is recommended as always.
S&P 500 Favors Breakout. Bears and Recessionists = MisanthropesThe bears enjoyed their cycle to the maximum, peak fear is behind us.
Observe your favorite pundits to determine if they have shifted their perception yet. Many have not, Many remain Bearish and are greedily awaiting one more Deep Indiscriminate Sell Off.... they will likely wait forever.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
Long SPX = Long Human Innovation and Business Ingenuity!
AAPL Share Price Hits All-time HighAAPL's price topped USD 189/share yesterday, coming close to the psychological USD 190/share level. Since the beginning of the year, the AAPL price has risen by about 50%.
The bullish momentum is fueled by both the AI hype and the improvement in Apple's product line:
→ Apple Watch Ultra and iPhone 15 expected this fall.
→ According to CNBC, the company is working on a second-generation Vision Pro, as well as a cheaper model of a virtual reality helmet.
→ The line of laptops will be replenished with models with the M3 processor.
The AAPL stock chart shows that the price has said goodbye to the down channel (shown in red), showing a strong pattern near the USD 175 level — first acting as resistance, then providing support (indicated by arrows).
If the bullish momentum continues, we will soon see the company's capitalization reach USD 3 trillion.
Of the 42 analysts surveyed by MarketWatch, only 1 gives a sell rating to AAPL stock. By the way, news about the increase in the target price of the AAPL share is likely to follow soon, its average value, according to analysts, is USD 187.19 today, which is already lower than the current values.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Apple (AAPL) Breaking Higher Suggesting Further UpsideShort term view in Apple (AAPL) suggests the rally from 3.2.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.2.2023 low, wave 1 ended at 166.84 and dips in wave 2 ended at 159.78. The stock extends higher again in wave 3 towards 184.95 and pullback in wave 4 ended at 182.6. The stock has turne dhigher in wave 5. Up from wave 4, wave (i) ended at 185.2 and dips in wave (ii) ended at 183.07. Stock resumes higher in wave (iii) towards 187.24, and pullback in wave (iv) ended at 185.01. Final leg wave (v) ended at 187.56 which completed wave ((i)).
Pullback in wave ((ii)) ended at 185 with internal subdivision as a flat structure. Down from wave ((i)), wave (a) ended at 186 and rally in wave (b) ended at 188.05. Wave (c) lower ended at 185 which completed wave ((ii)). The stock resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 186.15 and dips in wave (ii) ended at 185.27. The stock resumes higher in wave (iii) towards 189.9 and pullback in wave (iv) ended at 188.29. Near term, as far as pivot at 182.6 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
APPLE ATH Fueled by Quintet PowerhousesHow did APPLE make a new ATH?
In the fiscal year of 2022, Apple Inc. amassed a staggering revenue close to $400 billion. The tech behemoth’s financial forecast predicts an even more dazzling $450 billion by 2023. What’s at the nucleus of this financial prowess? Here’s a dissection of the five products and services that are the linchpins in Apple's revenue generation.
1. iPhone: The Standard-Bearer
Since its inception in 2007, the iPhone has been the lodestar in Apple's stellar performance, consistently accounting for over half of the company’s revenue. There was a lull in the iPhone's sales during 2015-2020, but the fiscal years of 2021 and 2022 witnessed a robust resurgence. Could it be the worldwide lockdowns that reignited consumers' affinity for this beloved gadget? One wonders.
Moreover, Apple's unceasing innovation has been a catalyst in this resurgence. The company has been adept at understanding and adapting to market trends, releasing newer models with advanced features such as enhanced camera capabilities, cutting-edge processors, and improved battery life. The introduction of 5G technology in the iPhone 12 and subsequent models further bolstered its appeal. With the ever-evolving landscape of consumer preferences, Apple's commitment to innovation ensures that the iPhone continues to hold its enviable position in the market.
2. Services: A Diverse Armamentarium
Apple's services segment is a multi-pronged affair. The App Store and Apple Music are the twin pillars, but AppleCare, Apple Pay, Apple TV+, Apple Card, and iCloud storage are significant contributors as well. It's been an upward trajectory for this segment since 2013, with no signs of abating.
Additionally, the expansion of Apple's services is emblematic of the company's strategic diversification. As the digital landscape evolves, Apple has astutely tapped into the growing demand for integrated services. Its focus on user privacy and seamless integration across devices has been a strong value proposition. For instance, Apple TV+ enters a competitive streaming market but with original content and collaborations with high-profile creators. Apple’s services segment not only supplements its revenue but also enhances customer retention and creates a more entrenched ecosystem, encouraging users to invest more within the Apple universe.
3. Mac: The Unwavering Pillar
The allure of personal computers has attenuated globally, and Mac's revenue plateaued between 2011 and 2020. However, the Mac remains integral to Apple’s ecosystem, not least because of its role in keeping users within Apple's interconnected iOS operating system.
In recent times, Apple has sought to reinvigorate the Mac lineup through innovation and integration. The introduction of Apple's own M1 chip, as opposed to relying on Intel's processors, marked a significant turning point. The M1 chip has been lauded for its performance and energy efficiency, giving the Mac a competitive edge. Furthermore, the seamless integration between the Mac and other Apple devices through features like Handoff, Universal Clipboard, and Sidecar has reinforced the appeal of owning a Mac as part of the larger Apple ecosystem. This ongoing revitalization suggests that Apple is far from considering the Mac as a legacy product, and is instead positioning it for a renewed period of relevance and growth.
4. iPad: Upon their debut, iPads were an instant sensation, raking in an impressive $19 billion in the first year. There was a zenith in 2014, after which sales experienced a decline. Currently, iPad sales hover in the range of $20-30 billion, cementing their place in Apple’s revenue mix.
5. Wearables & Accessories:
The Rising Contenders Under this category, one finds an array of products including Beats headphones, AirPods, and the Apple Watch. This segment has been climbing the ladder of success since 2015. Notably, AirPods are estimated to constitute a quarter of the revenue in this category.
Apple's foray into the wearables and accessories market is indicative of its visionary approach to emerging consumer trends. The health and fitness boom, for instance, has been adeptly capitalized on through the Apple Watch, which offers features like heart rate monitoring, exercise tracking, and ECG. AirPods, on the other hand, have become something of a cultural phenomenon, merging high-quality audio with sleek design. These products are not just revenue generators; they are an extension of Apple's ecosystem, promoting brand loyalty and customer engagement. By continuously innovating and expanding in this sector, Apple ensures it remains not just a heavyweight in consumer electronics but a trendsetter in lifestyle technologies.
Conclusion: Apple's ascent to become the first company to reach $1 trillion and subsequently $2 trillion in market capitalization is hardly fortuitous. The aforementioned quintet of products and services is the bedrock of its supremacy. With consumers' unabated ardor for Apple’s innovations and the brand loyalty it commands, NASDAQ:AAPL remains a formidable player in the stock market. Is Apple part of your investment portfolio?
NVDA TSLA AAPL AMZN GOOGL MSFT | QQQ Sp500 Trend Analysis Guide- QQQ inside bar need to break yesterdays highs
- SPY hourly trend will be our guide to see if daily Lower high will be set
- NVDA stock inside bar resistance 420
- TSLA bulls likely want to re-test H&S neckline resistance
- AAPL rising wedge Resistance
- AMZN inside bar
- GOOGL still in daily downtrend
- MSFT also daily downtrend
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Red flag 🚩 for bearsHolding mid-bolli after an ugly candle yesterday. Red flag 🚩 for bears ATM. Another push higher for a final wave to put divergence in before a real pullback? What do you think?
$NQ_F NASDAQ:NDX NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX TVC:VIX #Stocks
6 Big Tech Stocks | $QQQ Weekly consolidation Price Trend Guide- QQQ & Sp500 weekly time frame consolidation, low of consolidation likely not set yet, need hourly trend changes back to the bulls first
- TSLA stock confirmed bear break H&S pattern
- NVDA stock broke 420 support and flushed 400 psychological support break than its 394
- AAPL EMA 12 daily and 2D still full bull control
- AMZN bull break to 52 week high lack follow through
- GOOGL continuation of daily downtrend
- MSFT joined team bear with GOOGL confirming its first daily downtrend.
APPLE Still a buy inside the 4 month Channel Up.Apple isn't giving us any reasons to stop buying it as it maintains the Channel Up since the March 2nd bottom.
Trading Plan:
1. Buy on the current Rising Support spot and when it hits the MA50 (1d) again.
Targets:
1. 194.00 (+13.93% as the previous Rising Support rise) on both entries.
Tips:
1. The RSI (1d) is trading inside a Rectangle while the price trades inside the Channel Up. It has two clear levels for 'soft' and 'hard' Buy, which can further aid your buying.
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Price Level Trend Guide TSLA NVDA AAPL AMZN GOOGL MSFT|Sp500 QQQ- TSLA stock forming daily H&S pattern
- NVDA stock 420 support needs to hold for bulls, bear would likely break this level if we even get a slight red day on QQQ
- AAPL 2D EMA 12 still full bull control although its starting to feel slowly at this ATH range
- AMZN nice bull break Thursday looking like its consolidating sideways
- GOOGL back into its chop zone after breaking both sides with no follow through
- QQQ daily EMA 12 support inside bar today forming EQ that will break monday
- SPY 4h H&S confirmed bear break.
AAPL - Rising Trend Channel [MID TERM]🔹Positive signal from inverse head and shoulders formation through 157 breakout.
🔹Next resistance 193 and support 175.
🔹RSI above 70 indicates strong short-term positive momentum.
🔹Technically positive for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
TSLA NVDA AAPL AMZN GOOGL MSFT | QQQ SPY Weekly Analysis- TSLA stock forming daily H&S pattern
- NVDA stock 420 support needs to hold for bulls, bear would likely break this level if we even get a slight red day on QQQ
- AAPL 2D EMA 12 still full bull control although its starting to feel slowly at this ATH range
- AMZN nice bull break Thursday looking like its consolidating sideways
- GOOGL back into its chop zone after breaking both sides with no follow through
- QQQ daily EMA 12 support inside bar today forming EQ that will break monday
- SPY 4h H&S confirmed bear break.
Stock market is going to crash as this candlestick pattern callsThere is a Bearish Harami reversal pattern in the making on the S&P 500 ETF weekly time frame. It looks perfect as a textbook sample.
Stop is above last week's top at $445
Target is just above the opening of the second candle of preceding growth at $392
NVDA TSLA AAPL AMZN GOOGL MSFT | QQQ SPY Price Level Analysis- QQQ healthy pull back last 3 days and bounced hourly uptrend will be the guide
- SPY same with QQQ hourly uptrend is the guide
- NVDA relative weaker compare to QQQ
- TSLA potential 4h head and shoulder
- AAPL ATH closed still the strongest tech , 2D EMA 12 full bull control
- AMZN bull break out of its consolidation
- GOOGL bounce back into its side ways range
- MSFT potential bear flag still need to bounce more