Incorporating 5 Minute Charts Where It Matters, AAPL ( Apple).

Despite the fact that I don’t get involved with US instruments ( stocks, ETFs or else) this is a very educational chart which I would like to share. It is courtesy of StockCharts.com with thanks.

2016 Low to most recent high Aple is up around %100. Does it deserve a break  after a move of this kind ? Re РFuelling ?

What is the MAJOR TREND of APPLE if a weekly chart is analysed taking a medium term analysis view (months) ? How are we treating the current price action behaviour of the weekly ? Can anyone see a MAJOR TREND REVERSAL ?

Will APPL go anywhere in a hurry ? I doubt. Re-Accumulation process takes a little while unless a major trend reversal is on hand.

Here is the Apple Inc (APPL)  5 minute chart. Why bother ? Check the daily to see where the price is approaching and one may understand my motive in going down to a 5 Minute chart.

After the FLASH-OUT Candle what do we see ? All on the chart enjoy.

apple5min02022018

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.

 

Comments are closed.