Tag: Apple

Apple Inc. Stock Code AAPL.NAS

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both lines above the zero line. MACD is hinting at a bullish price trend. We think price is likely to move higher to the next price resistance at $164.06 in the next 2-3 weeks.

Strategy                  

$145.00              Buy

$164.00              Price Target

$137.90              Risk Management Stop

3 weeks              Trade Duration

Apple Inc.  Stock Code AAPL.NAS

Outlook
Price broke above the cloud last Friday, and this could signal the end of the correction and a resumption of the bullish trend. Conversion and Base lines had already had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is turning bullish with both lines moving towards the zero line and moving higher. A breakout of an Ichimoku V-shaped price structure gives a price projection target of $141.20 which we think can be achieved within a 3 weeks period. There is also a good chance we may see the previous high of $144.78 tested again.

Strategy                  
$133.00              Buy
$144.75              Price Target
$127.50              Risk Management Stop
3 weeks              Trade Duration

Outlook
Price broke above the cloud on 1 December and has stayed above the cloud along the upper edge of the cloud. Yesterday price broke above a recent Double Tops’ high at $125.18, which could be a hint of more upside ahead. Conversion and Base lines are still bullish. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and a bullish crossover was seen. We think price is likely to move higher to the previous high of $138.05 in the next 2 weeks.

Strategy                  
$126.00              Buy
$138.00              Price Target
$120.00              Risk Management Stop
2 weeks              Trade Duration