Showing posts with label Apple Inc.. Show all posts
Showing posts with label Apple Inc.. Show all posts

Thursday, June 2, 2016

Apple: More downside coming

Since the $AAPL top-call back in February 2015, Apple has tanked 22%.
The market traced the 4,5,4,5 patter that i indicated, to finally top on July 20 from a count perspective. April 28th marked the all time high but as per the count i will use the July 20th for the start of the bearish count.

Since the top, it seems like we could be unfolding either of 2 patterns both bearish.
1. A and B is complete with a 1-2 of C complete and 3-4-5 pending.
2. ABC X AB complete with a C pending.(not shown on the chart)




Either way prices should fall below the $80 level or maybe even to the $68 level.

Monday, February 16, 2015

AAPL: To the sky or time to die!

On Jan 6th 2011, with price at $49 (price adjusted for splits) , i attempted to call the demise of $AAPL, by posting a monthly chart. Today with with price at $127 I attempt the same madness (calling tops without waiting for confirmation) as counts on multiple time frames all point to downside for the next few months. .
Monthly (just for comparison with the previous post)

Weekly (negative RSI divergence)


Daily (few questions remain unresolved)
1. Is the red 5 over yet or will it extend: Confirmation of a breakdown is if we break 105 in a hurry.
2. Is the red 1 actually a green/blue count (1,2,1,2,1) which will lead to a green/blue (4,5,4,5) to finish the pattern.

Targets will be posted in an update once we see an initial move down.