September 18, 2016
iPhone 7 Launch
Can Apple return on the growth path, of course we mean the stock price? This is many of the analysis concern. For traders, the concern is can the stock make money? True or true? The features of the phone are just the features.
Read the story on Bloomberg website, As iPhone 7 Sales Start, Apple Has Scant Supplies for Buyers.
Let come back to the Technical Analysis desk, study the chart. What have you got out of the chart. See the analysis below, thinking out loud. Have fun!
No Right No Wrong – Only Make Money
Trading is personal. No Right! No Wrong!
When we reading the chart bar by bar, we see the previous week was a bearish week; a big bearish candlestick. However, last week, the market ended bullish. A very aggressive bull, market open gap down at 102.65, and making a low at 102.53. The bull joined the race, drive the price up hit the high at 116.13, and ended at 114.92 as stopped by the bear.
Picture worth a thousand words, read the remarks on the chart of the trend of thought. Will the stock pullback retest some level before continue to push north? Will see.
Manage your risk.
Apple Inc Stock Weekly Stock Chart
September 16, 2016 Apple Inc Weekly Chart
A Bigger Picture – Stock Chart with Fibonacci
See the swing high to swing low, the price action close above 50% level and meet the 61.8%. The price action will respect the 61.8% level, true or true? Manage your risk.
Pay attention to the swing low, no price action has closed below it the most was just a spike.
September 16, 2016 Apple Inc Weekly and Fibonacci
Take Apart the iPhone 7, in 80 seconds. Wow!
See Bloomberg video on Take Apart the iPhone 7, in 80 seconds. Have fun!
Disassembling and Reassembling the New iPhone 7
Have you ever seen the internal of a iphone? You could see the internal of the iPhone 7 in the Bloomberg link. You could also learn how to open up the iphone 7. This is done by the iCracked technician.
See Bloomberg video on Disassembling and Reassembling the New iPhone 7. Have fun!
Remember if you did not break it do not fix it!
Moses US Stock Analysis
AmiBrokerAcademy.com
Disclaimer: All information, data and material contained, presented, or provided on amibrokeracademy.com is for educational purposes only. It is not to be construed or intended as providing trading or legal advice. Decisions you make about your trading or investment are important to you and your family, therefore should be made in consultation with a competent financial advisor or professional. We are not financial advisor and do not claim to be. Any views expressed here-in are not necessarily those held by amibrokeracademy.com. You are responsible for your trade decision and wealth being.