don't think aapl will be rdy to make the next ryfor multibagger move until after opex week is over
AAPL - Apple Inc - Page 607
Apple to $2,000 by 2015.
At least we're thinking big.
Apple is a title that I like to analyze because it is relatively straightforward, technically speaking. Since its IPO it has grown over 6000%, asserting itself as one of the most powerful companies in the world. Today, even after having lost its charismatic leader, remains in bull mode and nothing indicates that this cycle is close to a reversion.
Nevertheless, in the medium term is likely to experience a slight correction. The high amplitude of the trend line that had been forming since the beginning of the year resulted in an expected correction.
Since the last peak, volumes have been decreasing, showing that the main trend remains bullish. This slight correction is only the normal movement of some investors taking profits.
The price is currently in a support area, which could give the basis for a new upward momentum. My expectation goes for a rebound in this ??support area followed by a break down. Unlike the idea represented in the picture, I do not think that we’ll assist to a direct brake until the consistent long-term ascending trend line. It’s most likely to occur a lateralization until the trend line, followed then (probably) its upward course.
The current point seems to me relatively uncertain for opening a long position, since the supports between this point and the trend line are not relevant. If it reaches the trend line, then yes, it will be a good place to start a long position. Opening short positions in a title so bullish, completely against the prevailing trend, do not seem to be a reasonable option.
Very much so.. The thing was getting rocked EoD on heavy volume expansion.. I was wondering if there was some JPM news knowers insiders selling the crap out of their apple positions... Time will tell...
I just think it was likely that some had added again at these lower levels, obviously real investors or traders got out near the top and what not. The volume just seemed a bit excessive..?