The Bites Keep Coming For Apple

Seeking Alpha2022-06-23

SummaryApple initially created support at $150.With that support breaking, it created support at $132.We will examine the latest break below $132 in this article.Apple Inc. (NASDAQ:AAPL) has been in a...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

KY56
2022-06-24
KY56
Nice.👍
Silver36
2022-06-23
Silver36
Nice
Helloyah
2022-06-23
Helloyah
close monitor
Krishnan76
2022-06-23
Krishnan76
[Like]
Jialatsia
2022-06-23
Jialatsia
Meep
ps14
2022-06-23
ps14
Law of Newton

Leave a comment

160

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1100864406?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-23 11:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100864406","market":"us","top_or_hot":-1,"title":"The Bites Keep Coming For Apple","media":"Seeking Alpha","content":"<div>\n<p>SummaryApple initially created support at $150.With that support breaking, it created support at $132.We will examine the latest break below $132 in this article.Apple Inc. (NASDAQ:AAPL) has been in a...</p>\n\n<a href=\"https://seekingalpha.com/article/4519684-the-bites-keep-coming-for-apple?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A32\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Bites Keep Coming For Apple</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Bites Keep Coming For Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-23 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4519684-the-bites-keep-coming-for-apple?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A32><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple initially created support at $150.With that support breaking, it created support at $132.We will examine the latest break below $132 in this article.Apple Inc. (NASDAQ:AAPL) has been in a...</p>\n\n<a href=\"https://seekingalpha.com/article/4519684-the-bites-keep-coming-for-apple?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A32\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://seekingalpha.com/article/4519684-the-bites-keep-coming-for-apple?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A32","article_id":"1100864406","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100864406","pubTimestamp":1655954846,"sourceInfo":null,"weMediaInfo":null,"summary":"SummaryApple initially created support at $150.With that support breaking, it created support at $13","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"苹果不断被咬","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"SummaryApple initially created support at $150.With that support breaking, it created support at $132.We will examine the latest break below $132 in this article.Apple Inc. (NASDAQ:AAPL) has been in a long term uptrend which appears to have come to an end during late April 2022. It then saw a clear lower low on a macro timeframe, contributed to by rising inflation globally, coupled with supply chain issues. This article covers Apple's break of its previous low and how it can potentially land at $117 next.Apple is in a three wave structure where, if wave three numerically replicates wave one, it will land at $117. Apple topped out in this current structure at $182. Dropping to $150 to form the now wave one downwards before seeing an attempt to break above $182 but ultimately failing at the $179 region. This can now be interpreted as the macro wave two, with a drop below $150 confirming the wave three. So far, Apple has bottomed in the current pattern at $132.Firstly we can look at the monthly chart to identify the three macro waves in play. Then, we move to the weekly chart to examine the latest break down.Apple monthlyIn the monthly chart above, we can see wave one $182-$150. Wave two, $150-$179. A clear break below $150 technically commences the wave three. We can also see the initial attempt at creating support at $132. Now we can move to the weekly structure to examine this latest lower low.Apple weeklyHere, it is possible to identify the macro wave two high at $179 in more detail, with a clear drop to the $132 region before finding a bullish weekly candle. In order for a three wave pattern to form, ideally a bullish candle is needed in a bearish set up. This is the signal that confirms the mismatch between buyers and sellers.In a bullish pattern, the opposite is needed, a bearish rejection which then would confirm the mismatch in an upward structure. This break of $132 is specifically relevant, as with the bullish candle formation it technically creates an internal wave inside the macro chart that can see Apple potentially go lower again. However, concentrating on the monthly chart, it is clear Apple has broken lower again from its previous support.If wave three numerically copies wave one, Apple will land at $117, where I will be then looking for three wave patterns lending to its next immediate direction. I would expect Apple to complete its third wave and land at target in the next 90-120 days. An immediate move above $153, which is the high of the bullish weekly candle, would lower the probability of the third wave completing and a break above $182 before touching $117, rendering the third wave a fail. Given the advances Apple has made downwards since its break of $150, I have listed a strong sell for this equity.About the Three Wave TheoryThe three wave theory was designed to be able to identify exact probable price action of a financial instrument. A financial market cannot navigate it's way significantly higher or lower without making waves. Waves are essentially a mismatch between buyers and sellers and print a picture of a probable direction and target for a financial instrument. When waves one and two have been formed, it is the point of higher high/lower low that gives the technical indication of the future direction. A wave one will continue from a low to a high point before it finds significant enough rejection to then form the wave two. When a third wave breaks into a higher high/lower low the only probable numerical target bearing available on a financial chart is the equivalent of the wave one low to high point. It is highly probable that the wave three will look to numerically replicate wave one before it makes its future directional decision. It may continue past its third wave target but it is only the wave one evidence that a price was able to continue before rejection that is available to look to as a probable target for a third wave.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9041861357,"gmtCreate":1656033725379,"gmtModify":1676535754920,"author":{"id":"4108818574232180","authorId":"4108818574232180","name":"KY56","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"4108818574232180","authorIdStr":"4108818574232180"},"htmlText":"Nice.👍","listText":"Nice.👍","text":"Nice.👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041861357","repostId":1100864406,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043779477,"gmtCreate":1655972270599,"gmtModify":1676535743077,"author":{"id":"3580287392112193","authorId":"3580287392112193","name":"Silver36","avatar":"https://static.tigerbbs.com/ea5a4a1ccca1fe1dae7bcad4f70147ad","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580287392112193","authorIdStr":"3580287392112193"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043779477","repostId":1100864406,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043783086,"gmtCreate":1655965177645,"gmtModify":1676535741738,"author":{"id":"4099650032870960","authorId":"4099650032870960","name":"Helloyah","avatar":"https://static.tigerbbs.com/04a600ad88159fff17f3cf715916ac3a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4099650032870960","authorIdStr":"4099650032870960"},"htmlText":"close monitor&nbsp;","listText":"close monitor&nbsp;","text":"close monitor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043783086","repostId":1100864406,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043797641,"gmtCreate":1655961663183,"gmtModify":1676535741172,"author":{"id":"4092398047561370","authorId":"4092398047561370","name":"Krishnan76","avatar":"https://static.tigerbbs.com/31fa8fd76ec086206260c57800ac85e7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4092398047561370","authorIdStr":"4092398047561370"},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043797641","repostId":1100864406,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043704714,"gmtCreate":1655959997138,"gmtModify":1676535740930,"author":{"id":"4087959350378170","authorId":"4087959350378170","name":"Jialatsia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4087959350378170","authorIdStr":"4087959350378170"},"htmlText":"Meep","listText":"Meep","text":"Meep","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043704714","repostId":1100864406,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9043705269,"gmtCreate":1655959860251,"gmtModify":1676535740905,"author":{"id":"4116500995250332","authorId":"4116500995250332","name":"ps14","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4116500995250332","authorIdStr":"4116500995250332"},"htmlText":"Law of Newton","listText":"Law of Newton","text":"Law of Newton","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043705269","repostId":1100864406,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":160,"commentSize":19,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100864406"}