Apple News | Apple Stock Analysis | AmiBrokerAcademy.com
January 8, 2017
Gazing Crystal Ball and Planing the 2017 Trade
“Almost since the birth of Apple Inc., critics have declared it was headed in the wrong direction.” read news from The Wall Street Journal Why Apple’s Critics Are Right This Time for details.
“… In 1997, when the company was 90 days from bankruptcy and Steve Jobs returned to save it, that criticism was correct. While things aren’t remotely as bad today, Apple’s critics are correct again. …”
US Stock Analysis – Apple Inc
With powerful charting software such as AmiBroker and data source such as Yahoo! Finance, you could look back as much as the data exist to study how the stock performance. The key in this chart is to see the trend and the pullback. You will be surprise to see the pullback has the almost same strength. You also evident the resistance turns support here. In fact the trading strategy are very much the experience we had in the past. That goes the logic behind the algo trading. The program built on the historical data, pattern and trend. With Algo trading, everything (the major trend) may be become predictable. Now, whatever you may think, it will all depend on the author of the program and the their risk taking.
Apple Inc Stock Price Data Since 1984
Apple Inc Stock Price Data Since 2004
Catching a falling knife can be a calculated risk! If you understand what I illustrated here. But again it all depends as there is always has exception. Have fun!
Apple Inc Stock Price Data Since 2009
We see a double top at the recent move. Bulls and Bears are expecting the retest of the same high may fail. As bulls might be exiting the market worry the price can not travel further north. And as bears exit the market too, as they want to cut their losses. So no one want the price to move up. But when the breakout is conformed, the rally could speed up. Watch!
Moses Stock Desk
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