It looks like AAPL is in a large wave 4 correction. It could reach lower degree wave 4 at It could be the last wave down soon. Then the bounce up is expected in wave 5 as shown on the chart.
Price is bullish due to the expectation for the event in which new devices will be presented. It too made products that flopped Be carefull when iPhone will be unveiled. Till this time it's good point to buy binary options or shares. It looks good for today. There is new support line! It will not go bellow this price! AAPL has finally reached a resistance line around AAPL has reached these levels over a year ago. Does this mean apple may fall?
Yes it could, but it might finally reach an all time high soon. I would stay neutral for now; leaning more to being bearish. When someone talk about a smartphone, what is the device that your mind start to thinking?!
In june the first Iphone was released and it becames immediatly the most loved mobile of all time, in fact when a new one is coming people are ready to literally camping in front of Apple store. The chart confirm this Trend, the popularity have started to rise since Apple proves to still be a good investment. We think this stock continues long despite the doom and gloom ideas about the US stock market. With rumors about delay in Iphone 7 launch and even rumors about postponing the Sep On this moment were sold over millions Iphones and it is getting closer to 1 billion.
Every year created big boom aroud this as well. My offer to open position before the big investment inside the company. I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after Apple in consolidation and moving around the Expect a push toward AAPL lost downside momentum and double bottom pattern emerged indicating reversal. But it has stalled now after shaping the second leg. I believe, fundamentally, that blackberry is undervalued at its current share price and this is why.
Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be It might very well close below EMA 50 today, and that includes rejection of the all time high made back in fall. Next week's movement is critical here, AAPL broke out of a 6 session range represented by the box and has a massive tailwind after IPhone X production news broke tonight.
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