$AAPL . Bearish cross and support

$AAPL continues to gap down on news that China Mobile is reducing its subsidy for iPhone 5c; a move that may have an impact on the sales. Currently, on the Ichimoku chart, a bearish cross is seen with a critical support level at $453.84 . Should the price level close below this or unable to… Continue reading $AAPL . Bearish cross and support

$AAPL : Resistance of the gap and weekly kumo

$ AAPL rises from the lows of $390 till $500 on news that Ichan has acquired stakes in it. On the daily Ichimoku chart, it would have point to a great bullish move. However, with the announcement of the iPhone 5c and 5s, it seems that the market has price in the lack of innovation… Continue reading $AAPL : Resistance of the gap and weekly kumo

$AAPL . Kumo support for $AAPL at $497

$AAPL has fallen on various reports that it is cutting down on parts for iPhone. As it falls, it presents a good buying opportunity (bullish). Currently, $AAPL has drop to about $500 and is trading near the kumo support. It has not pierce through the kumo yet suggesting that the bearish trend is not confirmed… Continue reading $AAPL . Kumo support for $AAPL at $497