Self Directed Investor Inc
SDI: "Empowering investors with ideas and education"
Symbol Lookup »  
Topics:ChinaETFsEarningsEconomyEnergyForexGoldIncomeLessonsIdeasTrading

  • Other news: News from PR Newswire
| More

Updating Apple AAPL Inflection and EMA Levels

Thu, Jan 10, 2:42 PM ET, by Corey Rosenbloom

After some volatile action, Apple (AAPL) prices have settled within a short-term trading range or descending triangle pattern.

Specifically, prices have bounced between a key support level and falling daily EMAs.

Let’s update our current Apple charts and note these short-term levels along with the Weekly Chart Fibonacci and potential targets should Apple break free from this range soon.

In our last update, I highlighted the EMA Compression and potential breakout levels from the late November 2012 push between the 20 and 50 EMA. Price stalled and reversed from the 50 EMA to retest the $500 key support level.

From there, price traded between the falling 50 day EMA and the horizontal $500 support line which leads us to our current compression level.

The key focal point on the Daily Chart – from a resistance standpoint – would be the $550 confluence of the falling 50d EMA, January swing high, and the upper Bollinger Band. Keep this in mind as you study the weekly chart below.

The key chart-based support level is the $500 ‘triple reversal candle’ bottom that has held (so far) from November to January.

While short-term traders can play price movement towards or away from these levels during the compression phase, other traders may decide to wait for a breakout from the current consolidation boundaries before putting on a new position.

A bullish breakthrough would likely trigger on a clean breakthrough above $550 while a bearish breakdown would trigger on a clean break – and close – under $500.

Let’s raise our perspective to the Weekly Chart to confirm these levels and note potential upside and downside breakout targets.

I drew two classic Fibonacci grids as labeled from the August 2010 swing low and the June 2011 swing low to the September 2012 high into $701 per share.

The purpose here is to find potential confluences or overlap in the Fibonacci levels.

In terms of the Fibonacci grid, price has recently been consolidating between the 38.2% level of the larger grid and the 50% retracement of the short-term grid.

Price found resistance into the 38.2% level of the short-term grid into $550.

I mentioned the $550 level on the Daily Chart, and we can see from the Weekly Chart that we have two more indicators to align at this level: The falling 50 week EMA and the 38.2% short-term Fiboncci grid from 2011.

What levels are important from the Weekly Chart?

Once again we note the $500 support confluence and any breakdown here could lead to a sell-swing toward the loose Fibonacci confluence near the $460 per share level.

An upside breakthrough above $550 would clear the confluence resistance barrier and could suggest a continuation at least to $600, and a breakthrough above $600 would be a clear bullish reversal (late) confirmation signal.

Once again, short-term traders can play between the $500 and compressing $550 boundary (though watch the immediate 20d EMA at $530 first) while others can wait for a breakout above $550 or beneath $500 to try for a breakout play toward the weekly chart Fibonacci levels.

Be safe and monitor real-time developments with these key pivot levels on the Daily and Weekly Charts.

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey's new book The Complete Trading Course (Wiley Finance) is now available!

blog.afraidtotrade.com


SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
This Article's Word Cloud:   Apple   Chart   Corey   Daily   Fibonacci   Once   Price   Weekly   above   afraidtotrade   again   between   breakout   breakthrough   bullish   chart   clear   confluence   current   falling   from   grid   have   into   late   level   levels   note   play   potential   price   prices   push   resistance   reversal   share   short   support   swing   targets   term   these   this   toward   traders   trigger   update   wait   while   would

| More

Gambling on a Trend Reversal in WYNN: Big Picture View
Fri, Feb 12, 1:31 PM ET, by Corey Rosenbloom

Casino stock Wynn Resorts (WYNN) was a darling rising stock of 2013 but the trend ...

A Quick Dual Reversal Up for Stocks and Oil
Fri, Feb 12, 11:51 AM ET, by Corey Rosenbloom

After sinking to new swing lows together, stocks and Crude Oil reversed higher off positive ...

Feb 12 Gold Update on Stellar Rally through Targets
Fri, Feb 12, 10:11 AM ET, by Corey Rosenbloom

If you’ve not been watching or trading gold, you’ve missed something incredibly exciting and rare. ...

High Volatility Market Update and Stock Scan Feb 11
Thu, Feb 11, 3:41 PM ET, by Corey Rosenbloom

Yesterday’s divergences into resistance set the stage for a down-swing – and that’s precisely what ...

Gold Stalls into $1,200 Target with Trade Planning
Wed, Feb 10, 1:51 PM ET, by Corey Rosenbloom

Gold is challenging the underside of the $1,200 key target level after a strong rally. ...

February Scan for Top Five Most Extended Stocks from 200 day SMA
Wed, Feb 10, 12:31 PM ET, by Corey Rosenbloom

Which five stocks are most over-extended above AND beneath their 200 day Simple Moving Average? ...

Corey's Feb 9 Chaotic Market Update and Stock Scan of the Day
Tue, Feb 9, 3:51 PM ET, by Corey Rosenbloom

Up, back down, up, back to a new low, and now off to a new ...

February 2016 Sector Strength and Weakness Charts
Tue, Feb 9, 11:31 AM ET, by Corey Rosenbloom

Which of the nine major sectors is currently the strongest, which is the weakest, and ...

Down to New Lows We Go in Stocks
Mon, Feb 8, 12:21 PM ET, by Corey Rosenbloom

Two months into 2016 and the stock market is falling to fresh new downtrending lows. ...

Corey's February 5 Trend Day Market Update and Stock Scan
Fri, Feb 5, 4:11 PM ET, by Corey Rosenbloom

Tech stocks lead the market lower and there are some surprising drops in major names. ...

Corey's Midday Market Update and Stock Scan Feb 4
Thu, Feb 4, 6:41 PM ET, by Corey Rosenbloom

Yesterday saw a bullish “surprise” reversal and today gives us the opposite – a bear ...

Sell Swing Market Update and Stock Scan Feb 2
Tue, Feb 2, 9:12 PM ET, by Corey Rosenbloom

Stocks fell sharply from a key overhead resistance target – with divergences – to produce ...

Google GOOGL Surges to New Highs on Earnings
Tue, Feb 2, 1:22 PM ET, by Corey Rosenbloom

Google (GOOGL) broke impulsively higher to a fresh new all-time price high today after yesterday’s ...

Feb 1 Crude Oil Trade Planning Levels
Mon, Feb 1, 1:12 PM ET, by Corey Rosenbloom

Crude Oil (@CL) broke lower at resistance with stocks this morning. Let’s overlay a Fibonacci ...

The Bullish Breakout and Uptrend Continues in Google GOOGL
Fri, Jan 29, 6:22 PM ET, by Corey Rosenbloom

With the market bounce continuing today, Google (GOOGL) – one of our “strong stocks getting ...

Jan 28 Wide Range Day Update with Stock Scan
Thu, Jan 28, 6:22 PM ET, by Corey Rosenbloom

Price is pivoting between the wide range from yesterday’s Fed Announcement. Let’s update our levels ...

There's the Break but Will it Hold?
Wed, Jan 27, 6:22 PM ET, by Corey Rosenbloom

There we go! The S&P 500 surged above 1,900 this morning! However, is this the ...

Rally into Resistance Update and Stock Scan Jan 26
Tue, Jan 26, 6:22 PM ET, by Corey Rosenbloom

Today’s action so far completely erased the bearish action of yesterday, but price still couldn’t ...

Jan 25 Market Update and Trending Stock Scan of the Day
Mon, Jan 25, 6:22 PM ET, by Corey Rosenbloom

The consolidation continues into the 1,900 level in the S&P 500 and we have new ...

Start Your Week with Corey and a Live Briefing Monday
Mon, Jan 25, 1:12 PM ET, by Corey Rosenbloom

I’m excited to announce that I’ll be returning for a fifth time to join a ...

Market Breadth Update Then and Now Jan 21
Thu, Jan 21, 6:22 PM ET, by Corey Rosenbloom

What’s Breadth suggesting about the current market? And how was it extremely helpful in calling ...

The Top Five Best and Worst Dow Stocks So Far in 2016
Thu, Jan 21, 1:12 PM ET, by Corey Rosenbloom

With the S&P 500 falling over 11% at the beginning of 2016, which big-name stocks ...

Three Quick Charts Underscore How Bad 2016 Has Been
Wed, Jan 20, 1:12 PM ET, by Corey Rosenbloom

As we focus on the US Stock Market, let’s pull the perspective back. Let’s focus ...

Downtrending Twitter TWTR Cannot Catch a Break
Tue, Jan 19, 3:52 PM ET, by Corey Rosenbloom

“Stocks which are weak tend to get weaker.” Twitter (TWTR) continues to demonstrate the power ...

Relentless Selling Market Update and Trending Stock Scan Jan 15
Fri, Jan 15, 6:22 PM ET, by Corey Rosenbloom

Can buyers catch a break? Or better yet, catch a falling knife? Not yet it ...

Big Reversal Rally and Market Update with Stock Scan Jan 14
Thu, Jan 14, 6:22 PM ET, by Corey Rosenbloom

Some might say we were way overdue for a larger rally or snap-back bounce for ...

Critical Pivot Level Planning for SPX and NASDAQ
Thu, Jan 14, 1:12 PM ET, by Corey Rosenbloom

With the downside target fully achieved on a second “crash,” we prepare our next move ...

$30 per Barrel Achieved for Crude Oil - What Now
Tue, Jan 12, 1:22 PM ET, by Corey Rosenbloom

Crude Oil finally (and fully) achieved its downside round-number target of $30.00 per barrel this ...

The Surprising New Impulse Low for the Russell IWM
Fri, Jan 8, 4:22 PM ET, by Corey Rosenbloom

Just how low can this market go and how many more support levels can it ...

The Catalyst and Targets for a Bullish Rally Jan 8
Fri, Jan 8, 3:42 PM ET, by Corey Rosenbloom

Are stocks set to bounce (rally) after multiple days of selling? Divergences at support say ...

More Selling and Jobs Market Update and Stock Scan Jan 8
Fri, Jan 8, 3:22 PM ET, by Corey Rosenbloom

You would think that a stronger Jobs Report this morning would be a catalyst for ...

The Five Surprising Downtrending Dow Jones Stocks at Fresh New 52 Week Lows
Thu, Jan 7, 4:12 PM ET, by Corey Rosenbloom

Are you ready to be surprised? Five leading, well-known stocks in the Dow Jones Industrial ...

Weekly Distribution Arc Trendlines and Targets for SP500 and Dow
Thu, Jan 7, 1:22 PM ET, by Corey Rosenbloom

2016 begins very bearishly, and the selling continued this morning. Let’s focus on the Dow ...

Jan 6 Another Crash Market Update and Big Stock Scan
Wed, Jan 6, 6:42 PM ET, by Corey Rosenbloom

2016 is off to a bearish beginning as the S&P 500 plunged to fresh new ...

The Year in VIX and Volatility (2015)
Tue, Jan 5, 3:52 PM ET, by Bill Luby

Every year one of my most-read posts is my annotated overview of the year in ...

Smith and Wesson SWHC Surges on Day of Obama Executive Order
Tue, Jan 5, 3:52 PM ET, by Corey Rosenbloom

Leading gun manufacturer Smith and Wesson (SWHC) surged on the very day President Obama announced ...

Trade Planning and Targeting for Google and Amazon GOOGL AMZN
Mon, Jan 4, 4:12 PM ET, by Corey Rosenbloom

Big trending stocks Google (GOOGL) and Amazon.com (AMZN) took a big bearish hit (gap down) ...

Every Single VIX ETP (Long and Short) Lost Money in 2015
Mon, Jan 4, 8:12 AM ET, by Bill Luby

Just one month ago, in The Current VIX ETP Landscape, I plotted all twenty-four VIX ...

The Case Against High Stock-Market Volatility in 2016 (Guest Columnist at Barron's)
Sat, Jan 2, 3:52 PM ET, by Bill Luby

About a month ago, when Steve Sears and Barron's asked if I would be interested ...

Flat but Not Boring Year for 2015 SP500
Thu, Dec 31, 1:32 PM ET, by Corey Rosenbloom

If the 2,060 level for the S&P 500 seems familiar for you, that’s because it ...

Dec 29 Big Holiday Bullish Trend Day and Surging Stock Scan
Tue, Dec 29, 2:52 PM ET, by Corey Rosenbloom

Another holiday week bullish breakout triggered with this morning’s gap, creating a bullish short-squeeze. Check ...

Dec 28 Reversal Market Update and Trending Stock Scan
Mon, Dec 28, 3:52 PM ET, by Corey Rosenbloom

Stocks played off a key pivot level this morning, but reversed off support mid-morning. Let’s ...

Intraday Bears Everywhere Except Bonds Monday
Mon, Dec 28, 12:32 PM ET, by Corey Rosenbloom

If you’re following Money Flow across the main markets this Monday morning, you’ll notice the ...

Enhancing Performance with Low Volatility ETPs
Mon, Dec 28, 12:22 PM ET, by Bill Luby

One theme that I will spend more time on in 2016 and beyond is the ...

Stellar Bullish Trend Day Update and Surging Stock Scan Dec 23
Wed, Dec 23, 4:12 PM ET, by Corey Rosenbloom

Santa Claus continues to deliver the bullish goods to the market today! First, take a ...

The Santa Claus Rally Finally Appears!
Wed, Dec 23, 12:22 PM ET, by Corey Rosenbloom

It’s about time! The famous “Santa Claus Rally” occurred this holiday week. Many traders were ...

Netflix NFLX Struggles to Hold Key Support
Tue, Dec 22, 11:22 AM ET, by Corey Rosenbloom

Will Netflix (NFLX) hold critical support and bounce higher to continue the uptrend? Or perhaps ...

Tracking Money Flow and Sector Rotation Video
Mon, Dec 21, 7:42 PM ET, by Corey Rosenbloom

James Ramelli and I presented a featured webinar earlier in December entitled: “How to Follow ...

Big Stock Scan and Midday Market Update Dec 21
Mon, Dec 21, 3:52 PM ET, by Corey Rosenbloom

Today’s session – while bearish – is showing hopeful bullish signs. What are they? Let’s ...

A Bottom Fishing Buy for Chipotle CMG?
Mon, Dec 21, 12:22 PM ET, by Corey Rosenbloom

Might Chipotle (CMG) be flashing a “bottom fishing” bounce (buy) signal at current lows? More ...

  More articles:  1 2 3 4 5 6 7 next »

ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »

Updating Apple AAPL Inflection and EMA Levels | Self Directed Investor | Copyright © 2008 - 2016, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum.com -- a subscription-based online social networking forum of serious individual investors. | MarketNewsVideo.com -- videos appearing on SDI are produced by Market News Video. | TickerTech.com -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.