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AAPL - Apple Inc - Page 609

post #12161 of 16395

20ma at 582 <-- short term resistance

550 <--- short term support

 

50ma at 588 <--- long term resistance

100ma at 520 <--- long term support

post #12162 of 16395
Although 560 level has held up quite well for the past week, may not continue to do so.

If it should break, next area of support around 555 - 545.
post #12163 of 16395

markets off the cliff now

post #12164 of 16395
AAPL, no longer foolin' around! biggrin.gif
post #12165 of 16395

today apple is going up

 

100%

post #12166 of 16395
Drop below 555, coming up!
post #12167 of 16395
Short term resistance around 565 - 570.

AAPL would need a break through this area to sustain a bounce to 575 - 580 otherwise drop below 555 is still possible. suspicious.gif
post #12168 of 16395

AAPL lagged the NASDAQ100 by 7 days at its top.  If you overlay this index with this stock, you can see how well they correlate. 

 

I would continue to use this index to help guide me with the direction of AAPL.

post #12169 of 16395
AAPL still weak!
post #12170 of 16395

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?

post #12171 of 16395
AAPL's been in a slump since coming off it's all-time high of 644.

Getting close to support around 550 - 540.

600 won't be seen again, until at least the downtrend as seen on the Daily Chart, has been reversed.
post #12172 of 16395

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.

post #12173 of 16395
I bought august calls today near close. I see a possible bounce. Could look better on the chart but with aapl I figure the gains can be so good its worth the risk.
post #12174 of 16395
I bought puts at the close. I expect some more downward action before we bounce.
post #12175 of 16395
post #12176 of 16395
AAPL finally below 550! cool.gif

Will probably get some good buying in this area, at some point! GLTA!!! biggrin.gif
post #12177 of 16395
AAPL 550 - 540.

Good Buy and Hold territory?
post #12178 of 16395

Posted this in the main thread, will repeat here:

 

 

Quote:
Originally Posted by StockJock-e View Post

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.

 

GCEUw.gif

post #12179 of 16395
Close enough for me.

Taking a chance, going Long!
post #12180 of 16395

i think ull get a bounce...

 

look to exit fast however

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