Changing Apple to SELL instead of HOLD.
Will update if I see a major change...
Wave Failure:
Target: $118
Nota
Next support level is around $160Nota
Apple looking to ‘Double Retrace’.Nota
Apple heading to $140Nota
*Thinking about downgrading Apple from SELL to STRONG SELL...Further analysis might conclude that Apple's super cycle is over and long-term target could be $50.00.
Nota
Near-Term: $118Nota
Breaks $89....look out below...Nota
Yellow = NormalGreen = Extension
Nota
Apple is broken...Nota
Sub-Wave 1 Retrace = .382C wave should be near completion
Nota
$152.59 is a key level for Apple...If the level is broken Primary Wave 3 will continue to extend...
Nota
The more I study Apple's chart the more I don't like it...Nota
Apple had extending 3rd and 5th Waves...Nota
Apple's best days look to be over...Nota
Near-Term Target = $119.00Nota
Apple Cycle Wave 1 down still extending...Nota
$145.89 is a critical level for Apple...Nota
Apple has warned investors about its growth in the most recent quarter, citing weaker sales in China.In an unexpected disclosure, the iPhone maker said it expected revenue of about $84bn (£67bn) in the three months to 29 December.
That is down from its November forecast of at least $89bn - a prediction that had already disappointed investors.
The firm's shares have already fallen more than 28% since it offered investors that outlook.
In a letter to investors on Wednesday, chief executive Tim Cook said the firm's miss was due primarily to China.
"While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China," he said.
"In fact, most of our revenue shortfall to our guidance, and over 100% of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad."
Nota
Just noticed Apple has an Expanding Ending Diagonal Triangle in the 5th Wave position...Nota
Man this is not good...Nota
Target of $118 will be here before you know it...Nota
Apple broke extension trigger...Wave 5 Target hit...
Apple is about to fall hard...
Dagangan ditutup: sasaran tercapai
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.