Apple Bullish wedge……buy point. January 5, 2011
Posted by wallstreetbuddha in Analysis, Stocks, Trades.Tags: AAPL, Breakout, Trend
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Apple’s trading activity has be very quiet. The volatility has calmed down significantly. As we break into new highs, its seem that nobody is selling. With earnings coming around on January 18th we should quietly rally into earnings day. Christmas sales should be robust and be reflected in this next earnings report.
From a technical standpoint. I see a bullish wedge as well as new highs. This is a great entry point for lowest risk. A robust trend could develop at this point. However, I would caution as there could be a selloff on the day of earnings. Often times hot stocks like this react violently as the INSIDER TRADING peaks.
Yes, INSIDER TRADING happens all the time. Meanwhile, manage your risk and don’t lose sleep over it. This is a excellent place to enter into apple whether you’re swing trading or buying for the long term.
Good luck.
The Apple Run is finished. For now. May 5, 2010
Posted by wallstreetbuddha in Stocks, Uncategorized.Tags: AAPL, Breakout, Invest in Apple, Short AAPL, Trade Apple Stock, Why is Apple stock going down
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Apple has really been moving. It is officially in correction mode as it has breached the 10day ema. Well if you missed the run, no need to worry. I had posted the entry and exit points here when the stock broke past the $215. As you know the strategy was 3-4 months in the works. Lots of waiting. The Entry strategy is posted here. The exit here. Stay tuned and follow! Will catch the next 25% move on Apple.
Chart Below: Shows entry and Exit point, as well as breakdown of the 10 day EMA. Good luck.
Apple Correction Eminent? April 21, 2010
Posted by wallstreetbuddha in Uncategorized.Tags: AAPL
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After the Apple earnings blowout. Trading was halted briefly. As soon as Apple started trading it hit a peak of 265. Todays trading action would indicate that the trend is still intact. On the daily charts it has not broken and closed below the 10 day MA.
I would not go short just yet. However, day-traders may want to short the 265 price. There is alot of selling volume in the last three days compared to the last breakout prices from the $227 area. We may see a correction to the $227 level in which you would go long. The stock has been so strong, I would think twice about shorting this.
Apple…..I love you, But I can’t marry you April 18, 2010
Posted by wallstreetbuddha in Analysis, Trades.Tags: AAPL
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Apple has been on fire!!! Unfortunately, with the Goldman Sachs getting probed by the SEC, I believe that this will set off a wave of selling in the next few days. I took the breakout at $215 and the stock is already up 25%. No need to get greedy. I took most profits but still hold a small position as the trend is not officially over. We are still above the 10 day MA. You may ask why I’m cashing in some profits. Well, market action says it all. Friday, if you observe the volume on Apple, we have huge volume with little upside. This suggests heavy churning in the stocks, usually a sell signal for me. I could be wrong, but hey, catching 25% moves can make you rich. As with all breakouts, there is no way to tell if it will fail. If you observe the chart below, there was a previous breakout that failed. I was also in that trade. But if you set your stops, very little is lost.
Will Apple’s New Ipad launch the stock to the moon? January 27, 2010
Posted by wallstreetbuddha in Uncategorized.Tags: AAPL
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Today’s new release of the much anticipated Ipad has stirred much talk in the world of technology. If the new Ipad is anything like it’s other products, we can suspect that the stock price will take off from here.
This short analysis is based strictly of price action. Often times its can contradict popular opinion. A word to the wise—the obvious is often the losing trade.
Below is a chart analysis:
In the big picture we see that the stock has been in an uptrend. The two year chart also shows that we are at all time highs. I truly believe fundamentally speaking Apple will be at the $400 level in the next two years.
HOWEVER……At these prices volume indicate we may go into a short period of consolidation.
The chart below is a closer look at the uptrend. What concerns me most at this point is the unusual volume of trading that has taken place in the past couple of days, this could signify a correction. How far? No one can predict. Being at the all time high, I think that AAPL is due for a correction. Either way a critical price is established with volume being the indicator. I don’t typically like to short healthy companies. Sure the stock may go down, but right now the trend is up.
For those looking to make a quick buck. You can trade the range (yellow) or trade a breakout after a significant correction. Market wise, the action isn’t compelling me to take a long position just yet. If it does correct, I expect support at the 200EMA. However, I’m quite bullish on the market in general and very bullish on Apple on a fundamental perspective. So I am expecting to go long on a breakout to higher prices. That would be above $215. Enjoy.
AAPL-Apple. Can Apple survive w/o Steve? June 20, 2009
Posted by wallstreetbuddha in Uncategorized.Tags: AAPL
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With the recent news about Jobs’ liver transplant, one would expect the investors to be a little skittish about the future of Apple. In the most recent chart I don’t see any abnormal selling. The chart suggests the uptrend is intact. However we are approaching a critical price level $150 where the stock snapped, back in Oct ’08. This could be a resistance point to observe. We could have a reversal. But we’ll see when we get there. So for all you long term loyal Apple investors, I don’t see anything to panic about – yet. Fundamentally speaking, you couldn’t find a healthier company. I have an Iphone, and indeed it does “change everything” Best of Luck to Jobs. Stay tuned kids, if the stock starts to act up, I’ll let you guys know. Follow my RSS Feed or on Twitter
AAPL—-Nice little run in the past few weeks. May 17, 2009
Posted by wallstreetbuddha in Stocks.Tags: AAPL, AAPL Breakout
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AAPL 1yr Chart
AAPL 2months/Daily
Apple broke below the 10day MA. It looks as if it will start to trade in range between $133-$122. I really cant say where the direction is going. But, when the market hit’s $133, I’ll check the market action to determine if a breakout may ensue.
Good luck.
