A very strong trend developed with higher highs and higher lows from 2009 till 2015 and then the trend rallies and goes #parabolic off the 2016 high low. Parabolic moves always lead to huge corrections. And now we currently seeing new all time daily highs.
2/9
2/9
Chart 1
Monthly: Supporting #trendlines showing the strong bullish trend. A resistance @ $246 appears projected from the rising TL pivot line. The blue rising TL or TL pivot is unconfirmed. The slope is a bit too high and monthly closes above will confirm further strength.
3/9
Monthly: Supporting #trendlines showing the strong bullish trend. A resistance @ $246 appears projected from the rising TL pivot line. The blue rising TL or TL pivot is unconfirmed. The slope is a bit too high and monthly closes above will confirm further strength.
3/9
Chart 2
Monthly Chart: Fibs are drawn off the lows on the trendline to the Oct 2018 high @ $233.47. Cluster Fibs between 148.55-144.24 and cluster support holding above attracts buyers.
4/9
Monthly Chart: Fibs are drawn off the lows on the trendline to the Oct 2018 high @ $233.47. Cluster Fibs between 148.55-144.24 and cluster support holding above attracts buyers.
4/9
Chart 3
Weekly Chart: Fibs drawn off the last swing low. The minimum targets/resistance points are visible. We need to see a weekly close above the rising red TL resistance line. Expecting the target area to be 246.00 - 258.00.
5/9
Weekly Chart: Fibs drawn off the last swing low. The minimum targets/resistance points are visible. We need to see a weekly close above the rising red TL resistance line. Expecting the target area to be 246.00 - 258.00.
5/9
Chart 4
Weekly Chart: Monthly and weekly pivots are calculated with Fibs for potential buying zones. The trend is moving up strongly - we could see the 246 - 258 trade before coming down again. The rising blue TL will yield some clues.
6/9
Weekly Chart: Monthly and weekly pivots are calculated with Fibs for potential buying zones. The trend is moving up strongly - we could see the 246 - 258 trade before coming down again. The rising blue TL will yield some clues.
6/9
Chart 5
Weekly Chart: Here's what I plan to do - most important thing is to wait as the current uptrend is strong. Stop Loss levels are visible.
7/9
Weekly Chart: Here's what I plan to do - most important thing is to wait as the current uptrend is strong. Stop Loss levels are visible.
7/9
Chart 6
Weekly Chart:
Strategy:
Buy 202.50 (ADD 201.00-198.70) SL 190.10 Target 246.00-258.00
Buy 174.80 (ADD 172.00) SL 167.40 Target 192.00-195.00
8/9
Weekly Chart:
Strategy:
Buy 202.50 (ADD 201.00-198.70) SL 190.10 Target 246.00-258.00
Buy 174.80 (ADD 172.00) SL 167.40 Target 192.00-195.00
8/9
Chart 7
Weekly Chart: The weekly Fib targets/resistances are visible. The 2 year target for Apple is $319.00-$332.00 - calculated off inverted Fibs.
9/9
Weekly Chart: The weekly Fib targets/resistances are visible. The 2 year target for Apple is $319.00-$332.00 - calculated off inverted Fibs.
9/9
Correction on 9/9
The 2 year target for Apple is $319.00-$323.00 <--
See Chart 7
The 2 year target for Apple is $319.00-$323.00 <--
See Chart 7
