1AAPL trade ideas
219/220 and why it is an issue alt 228219 area plus or minus 1 Has stop AAPL in her tracks reason is we reached major over head resistance and the question is was that the TOP of wave 3 today rally just stopped at a .618 But Cycles and spiral point toward july 5 to the 11th .so if we break above 215.4at anytime I would look for the throwover into the top of the channel that is at 228 plus or minus 1 I have taken a long position this is the second time the first made nice $ best of trades Wavetimer
Market Chatter: Apple's China iPhone Shipments Rise 40% in Maypple Inc.
AAPL
began selling its mixed-reality headset, Vision Pro, in China. However, the product’s price, which is about 18% higher than in the U.S., has sparked a debate among consumers.
What Happened: The Vision Pro is being sold at 29,999 yuan ($4,128) in China, in contrast to its $3,500 price tag in the U.S., CNBC reported on Friday. The elevated price has ignited conversations on Weibo, a Chinese social media platform, where users are questioning the value of the China version of Vision Pro and whether it is worth buying.
Despite the pricing debate, Apple stores in Beijing reported that all of Friday’s training sessions for the Vision Pro were fully booked. Chinese companies such as Tencent, Alibaba, and JD.com have also launched Vision Pro versions of their apps.
AAPL - a bit more to go or has the music stopped?Apple seems to have followed many of the principles of EW on it's climb to here, a short and shallow corrections in wave 2 followed by a deep and long corrections in wave 4 or vice versa. This suggested final wave 5 also appears to have reached some major targets hitting the 0.61 fib extensions of a number of other waves. However, I can't help but think that maybe there is still one more wave to go to complete the cycle on the 0.38 fib extension of waves 1 to 3 of the (labelled here) subminuette waves and the 1.61 extension of 1 to 3 of the current wave, completing as an extended wave 5. Make sense? Lets wait and see what happens.
APPL To The Moon?A gap down below from 212.5-210 or a 212.5 hold could produce a major move to 215 but volume has to be there to support thesis. As always don't to forget to follow Quantum Edge Analytics across all socials.
- This is my opinion and not to be taken as financial advice. Always do your own research!!
Magnificent 7 Trendline ResistanceThe mag 7 has been strong recently and is sitting near ATH, but it has been rejecting all retests of this trendline so far. If it's able to break above and hold on a retest, we should see new all time highs and I'd be looking for longs. However, if it rejects here I'd expect it to move back down to the major trendline support below.
AAPL SELL++++AAPL should test support just under $200 in coming two weeks before possibly printing a new ATH. The daily action has been pathetic since $220, not sure how anyone sees this as bullish. We had a low of $206 and change yesterday and seem to be making lower highs $221, $217, $214, $212, $211.
I had $212.50 puts expiring friday, today I sold them and repurchased 7/5/24 $210 puts
I would sell credit call spreads or puts a few weeks out
A Case Study in Currency DevaluationHello,
I ran an analysis, comparing the returns of AAPL since 1/1/2000 denominated in global currencies. It is important to always think of currency risk, as it is ever-present. We live in an interconnected global economy with many moving parts, and currency is the foundation.
Apple (AAPL): Bullish Breakout and What to Expect NextApple has broken out above the range between $198 and $165, currently trading around $210. This breakout is seen as very bullish, indicating that we can discard our alternative scenarios. We are confident that Wave (4) completed at $123 and we are now in the larger Wave (5).
Current Situation:
Elliott Wave Analysis: We believe that the initial super sub-wave ((i)) of the larger Wave (5) needs to correct after the strong rise since mid-April.
Correction Levels: We expect a potential pullback to the $185 to $165 range. Whether it will reach as low as $165 remains uncertain.
Confluences:
RSI: The RSI is overbought but without a bearish divergence, indicating continued bullish momentum with a "normal" pullback.
Volume: Support should hold around $175, providing a potential entry point during the correction.
Strategy:
No Immediate Orders: We are not placing any limit orders yet.
Market Report: If we decide to place a limit order, we will issue a market report to inform our group.
The outlook for Apple remains bullish. We anticipate a correction within the $185 to $165 range, with strong support around $175. We will monitor the situation closely and communicate any order placements through a market report.