AAPL (Apple, not Orange)

This is getting closer to the 52200 mark?

Can someone provide some analysis of the candles for the last 5 days? one major spike to the 52000 mark? before a temporary rise? Its looking way oversold IMHO ?

dl.dropbox.com/u/4385922/AAPL1411.png

This was an Elliot wave analysis done by Ramiki for Forbes magazine. He had done another one earlier this year which was also right. I read his blog every week.

A bit out of date, but still interesting.

www.forbes.com/sites/greatspeculations/2...of-apple-correction/

I am waiting to get into ISA funds which have apple. The ones I like are:

GLG technology fund
AXA framilington technology fund

Gee

This is approaching strong support. On this chart(hopefully the right apple) that supports at 528.69.
If that level breaks then this can drop all the way down to main trend line at 450.This level is the perfect place to go long on apple.



This chart is different to the previous chart i posted due to possibly posting apple price of a different exchange. This is traded on a few exchanges .
The chart above is for the apple traded on the Nasdaq

DYOR
remo

hi wave rider
heres the supports


click on image to enlarge.

Support. 570,,562(gap),,548.5,,522.18(strong support 100% retrace),,516.2,,479(minor trend line),,476.68(gap),,448(main trend line),,425.1(gap strong support)

Resistance. 604(gap),,621(down trend line)




click on image to enlarge.

If you look at the weekly chart you can see a clear island reversal. If only i spotted this earlier.

I suspect that this is going to do a full retrace back down to 522.18 at which point id go long with a $10 stop .below the near by support. If that level fails then its heading towards the main trend line.

who would have thought apple could go down so quickly.....This goes to show no company is immune.

DYOR
remo

Remo - what supports do you have in mind?

Wow
I did not relise apple had fallen so much...i know a lot of people are starting to get unhappy with them recently.
Take the new iPad . I don't think many people relise this but they have released 2 new iPads this year. Normally they only change the iPad once a year. I've got the new iPad ,well the old one now. Also they have recently released the smaller iPad .
That will actually compete with the iPad and I think that the previous CEO (steve )of apple was dead against this.He was a visionary man .
No company can stay on top for ever.

I will be looking to trade apple from now on.

Remo