20ma at 582 <-- short term resistance
550 <--- short term support
50ma at 588 <--- long term resistance
100ma at 520 <--- long term support
I'm a little nervous about Apple...but I'm holding on.
I got 7 shares at $590 around the 1st...and it hasn't been near that number since.
My question is this isn't the next Netflix, right?
Netflix shit the bed because of there major screw up last summer...Apple hasn't done anything to screw anything up yet (hopefully the iPhone 5 isn't a bust).
I'm in Apple for the long...but when I see Google/Amazon going up and Apple going down I start to wonder...are all the markets doing bad? Or is Apple something to be concerned about?
After the earnings which came out in Jan, it climbed like nothing was stopping it. Now, with earnings that were just as good, it has had nothing but red days. I like how it jumped $40 the day after they were released but since then it has fallen well below pre-earnings levels. What keeps me confident (and sane) is that if it was $644 pre-earnings, it will one day hit that all time high and probably break it.
"China Mobile in Talks With Apple on Iphone Cooperation"
Posted this in the main thread, will repeat here:
Ok, AAPL chart time.
I think AAPL is 10 points away from getting some buyers to step up.
I took a fib level from the Jan gap low (this is where I feel the afterburners kicked in, the gap and go action), took that out to the highs.
The 50% level of that run is $540.
Next I did some Elliott wave voodoo, assuming the bull stance on this would mean that this correction off the highs here is an ABC correction, if so then A=C which would put it around $532.
We also have a support declining support level coming in around the same range.
This is what the technical analysts at the big firms will be showing their bosses. Whether they decide to act on this kind of stuff, we do not know, but in the $530-$540 range AAPL is $100 cheaper than the highs, which again, is a nice round number that might attract buyers.