Apple Inc. (AAPL) for Friday (8/19/2016)

Tomorrow, Friday  (8/19/2016) is 3rd Friday of the month options expiry … GLTA.

   Apple Inc. (AAPL)

  Analysis of Apple Inc. (AAPL)’s Daily, Weekly, Monthly, (d-w-m) chart activity through Thursday’s (8/18/2016) close at  $109.08:
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions,  look to take partial profits on any retracement to 107.16.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 104.77.   Be prepared for a potential short term price pull back to the 106.55 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …    103.68
If Short, exit all contracts at …    110.23
         ————- see also: ———————-
  —–
20160817d aapl
  Chart #1 (above, daily, PP-Sup-Res)  Apple Inc. (AAPL)
  •   :: Pivot point   109.23
  •   Support (s1)  108.87       Support (s2)  108.65
  •   Resistance (r1) 109.45   Resistance (r2)  109.81
  •   Simple Moving Average (Close 50):   $100.29    (uptrend)
  •   Simple Moving Average (Close 200):  $103.10   (downtrend)
Currently the Moving Average Convergence Divergence (MACD) is bullish since it is trading above its signal line.  The MACD crossed above its signal line 31 days ago.  Since the MACD crossed its moving average, APPLE Inc.’s price has increased 14.18% , and has ranged from a high of $110.23 to a low of 94.37.  The MACD is not in an Overbought/Oversold range.  There have been no divergence signals within the last 5 periods.
MACD Value:    2.629      MACD Signal Line:    2.558
            —————————————-
 Checking the Relative Strength Index  (RSI) for Apple Inc. (AAPL) finds the RSI above 70 at 70.8515.
          —————————————-

  Additional Apple Inc. (AAPL)  DAILY chart info:

  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
    Note (2): prices are vulnerable to a correction towards 102.81.
  • The upper projected target is: 113.23.
  • The lower projected target is: 105.33.
  • The projected closing price is: 109.28.
Note:   these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.

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Disclosure:   I own Apple Inc. (AAPL)  shares.    So, first and foremost, I am doing this “Bull and Bear“, “PROs/CONs“, analysis for myself, as my homework and my due diligence, on my investment in Apple Inc.  Sharing what I am seeing, opens the door to family, friends, co-workers, neighbors, and readers, to read that which interests them, or that which they asked about,  … and ignore that which doesn’t … after all it’s your money.  Please feel free to add to the discussion.   The  (d-w-m) in any of my blog titles advises my readers that the article will include charts, .. daily, weekly, and monthly charts along with observations,  analysis, and projections. …

PROs and CONs, two other things specific to Apple Inc. … China and India. 
  ———————-

-–  Monday, 8/15/2016   thru    Friday 8/19/2016  ——

 

Hope the above Apple Inc. (AAPL) Support and Resistance calculations for Friday, 8/19/2016  help your investing and trading planning today …

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