I HOPE TO WRITE IN A GOOD ENGLISH.... - Temmao81
Apple, what's going on?
The crocodile by Bloomberg on Steve Jobs, fake IPhone's customers in Poland but foremost a beautiful triangle forming in the daily chart. Technical Analysis about Apple.Cupertino, 01-Set-08. After one month since our last article
"Apple's technical analysis of the title", we return to talk about the Cupertino's company and its stock.
For a coincided description of the society and its business, major shareholders and data on capitalization and P/E, you can refer to our
previous analysis.Over the past 30 days, the press has often occupied Apple and we can not avoid reporting the crocodile on Steve Jobs published for an error by Bloomberg last week. In journalistic jargon, the crocodile is an obituary written in advance, to have material ready at the time of need.
A long biography (about 17 pages and 2500 words) with the entire career of the CEO of Apple and its brilliant insights. A glaring gaffe that, even after official denials and excuses, has aroused concern among fans of Apple.
The crocodile is actually a common practice between agencies newspapers but in the case of Bloomberg, popular international financial network, has pushed bloggers and fans to the most disparate assumptions and discussions.
The state of health of Jobs is always under observation. The CEO and founder of Apple had appeared very thin and pale at MacWorld, fueling the suspicion that after pancreatic cancer, defeated a few years ago, could have new problems.
The newspapers have also reserved space for news related to the marketing of new IPhone, and even in Italy, has attracted particular interest the gaffe registered in Poland, where there were the usual fans waiting in front of the shops to buy 3G in the days of its launch except know then that there were only ... actors! Fearing a flop, Orange, the main mobile operator in Poland, has recruited dozens of boys and girls paying to stay patiently in a row, in front of Polish shops in the first days of marketing of the revolutionary product of the company of Cupertino. The same telephone company have admitted that thing, explaining that they have resorted to this expedient to incuriosire customers.
Returning to the technical movements of the stock listed on Nasdaq,
in our last article we had left the stock at about 160 U.S. dollars and, by reference to the close of Friday (today Wall Street will be closed for the Labour Day), one month after a max recorded at 180.45 usd, we have found it at 169.53 usd.
The chart for the moment is noting very interesting.
As we have seen in the
previous analyses, we have two main channels very important that already saw several tests, confirming their technical soundness: a bulltrend (which we continue to colour green) and a downtrend (red color in the chart). You can click on the small chart to see a big chart.
As we can see, the violation of our downward midline Green has unleashed a wave of sales on friday that pushed the action down to 169.53 U.S. dollars, in a fall of about 2.42%. Further confirmation of the goodness technical channel identified.
Most important is to verify the formation of a triangle very interesting from a technical point of view because built with the side top of the main downtrend channel and with the underside of bullish main channel.
It is not often happened that a stock offering technical signals of this kind.
Signals are very important because any violation, upwards or downwards, probably trigger violent acceleration of the prices, respectively, upwards or downwards. Accelerations which can be exploited by technicians who manage their operational strategy on this important technical figure.
Sliding the graph, we try to build a new trendline (blue) on two main minimums of the last 29 sessions in order to obtain a new value for a dynamic support that can help us to understand what is the context of the movement of this stock.
We try to do the same work also to highlight a new bearish trend. This time we take as a reference the last 12 sessions, with special attention to max intraday obtained on August 14 and the minimum prices of August 19 and August 29.
All this work allows us to identify a new triangle... in the triangle! Smaller, more current (considering that the summit indicates a date closer) that, as the main triangle, possibly offer violent accelerations upwards or downwards in case of violation respectively of the top or bottom.
We show these values in the graph (thick black line for higher values, blue line for the values below). Why is it important? Because, of course, could help set a strategy going to anticipate the movement of the main triangle (the top is red, the underside is green).
We check all the best values, zooming in the chart.
You can see the article and all the charts in a biggest versione, visit the portal of finance
http://www.mercatotoro.com/
Da questa quota, come da previsione, è scattata una violenta accelerazione ribassista che ha portato lo stock fino ad un minimo di 127,83 dollari, valore di chiusura della seduta di ieri. Un ribasso del 18,32%, ottenuto in 8 sedute..... per gli altri grafici e il resto dell'analisi cliccate qui perchè il testo è stato pubblicato sul portale di economia e finanza mercatotoro.com
