Looks like AAPL could be forming a possible cup + handle formation on the weekly.
But first the price has to decline a little further. Probably $172-175 before reversal in 2-4 weeks. Like to close at or below $185 this week.
Why 2-4 weeks? That's a rough estimate of when a "trade deal" might be worked out. A successful trade deal will undoubtedly send the price higher. If this is a cup+handle then to new all time highs.
However, today Apple faces several headwinds. Tariffs would require they up the price of their phones by 11-15% to maintain current profit margins.
Supreme court is allowing an antitrust lawsuit to move forward
Declining sales, especially in China.
Chinese recession in progress.
Price is very likely to close under $185 this week.
A price reversal is likely to accore off the last Gann Fan blade, pointed to by the blue arrow.
But first the price has to decline a little further. Probably $172-175 before reversal in 2-4 weeks. Like to close at or below $185 this week.
Why 2-4 weeks? That's a rough estimate of when a "trade deal" might be worked out. A successful trade deal will undoubtedly send the price higher. If this is a cup+handle then to new all time highs.
However, today Apple faces several headwinds. Tariffs would require they up the price of their phones by 11-15% to maintain current profit margins.
Supreme court is allowing an antitrust lawsuit to move forward
Declining sales, especially in China.
Chinese recession in progress.
Price is very likely to close under $185 this week.
A price reversal is likely to accore off the last Gann Fan blade, pointed to by the blue arrow.
Nota
"Ta-da!"
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.