AAPL is starting to fail.Changing Apple to SELL instead of HOLD.
Will update if I see a major change...
Wave Failure:
Target: $118
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Next support level is around $160Note
Apple looking to ‘Double Retrace’.Note
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Apple heading to $140Note
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Thinking about moving about from SELL to STRONG SELL....Note
*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.
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Near-Term: $118Note
Breaks $89....look out below...Note
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Yellow = NormalGreen = Extension
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Apple is broken...Note
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Corrected ChartNote
Sub-Wave 1 Retrace = .382C wave should be near completion
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$152.59 is a key level for Apple...If the level is broken Primary Wave 3 will continue to extend...
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The more I study Apple's chart the more I don't like it...Note
Apple had extending 3rd and 5th Waves...Note
Apple's best days look to be over...Note
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Near-Term Target = $119.00Note
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Apple Cycle Wave 1 down still extending...Note
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$145.89 is a critical level for Apple...Note
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."
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Just noticed Apple has an Expanding Ending Diagonal Triangle in the 5th Wave position...Note
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Man this is not good...Note
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Target of $118 will be here before you know it...Note
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Apple broke extension trigger...Wave 5 Target hit...
Apple is about to fall hard...
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.