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View Full Version : The Master Pivot Point On AAPL Revealed



akivojuqerupe
08-11-2015,
Apple Inc. (NASDAQ:AAPL) has started to fall again, trading at $527.06, -15.04 (-2.77%). Many investors and analysts are perplexed, wondering whether it is headed to new 52 week lows, below $500.00 per share. The charts tell the truth and will be explained below.

Note the bottoming tail on November 16th, 2012. That was the low pivot in the second half of 2012 and even though the price was retested and pierced, it never closed below that low. This puts a line in the sand at the low of $505.75. As long as AAPL does not close below this low pivot on the daily chart, it has potential to bounce. We have seen this bounce many times in the last few months and never has the stock closed below it.

Should Apple Inc. close below $505.75, it will fall fast. This would represent a technical breakdown with the next major support being at $470.00 - $475.00. Secondary support and the ultimate low would be $425.00. Both represent buying opportunities. The $470 - $475.00 level would be a near term major bounce while the $425.00 would be a long term hold level for major upside.

Gareth Soloway

akehuhar
08-12-2015,
Free pivot point calculator for stocks at

Apple Pivots

any comments on it?
__________________
Vicorka

No matter what you use to make a trading decision, if you make money, you are right.

Price volume and volatility Index and Stock Charts for technical analysis

ajalgsbt24
08-12-2015,
We are not far away from that $425 target. Congrats on the prediction. Apple needs to come up with a new product or else.

aixuzayimau
08-14-2015,
Last two trading sessions decline was on high volume. It looks like a panic on one side and buyout at low price on the other side. This is the first sign. AAPL may drop lower, yet after such big volume I would expect to see slow down with possible reversal. There are no bullish signs on AAPL, yet, I would start monitoring for AAPL more closely for it.
__________________
Vicorka

No matter what you use to make a trading decision, if you make money, you are right.

Price volume and volatility Index and Stock Charts for technical analysis