Filtering by Tag: aapl

Biotech Index and Apple Should Both Rally From Here

Added on by C. Maoxian.

I'm seeing a lot of buy set-ups on the weekly charts ... among the 20 or so that I've spotted, I'll only feature the ones that I think hold the most popular interest: Biotech (represented by the XBI) and Apple (AAPL).

Risk-reward in the XBI is around six times off the weekly, but day traders should be able to reduce their initial risk very quickly once in the position.

Click to enlarge

Apple's pattern is a bit more complicated and the minimum expected risk-reward (at the $120 target) isn't great off the weekly low, but if it got back to $140, that would be nice.

If both of these set-ups fail, then you'll know we're in for a "bear market" and you should adjust your expectations accordingly. 

Click to enlarge

Apple Back to $120

Added on by C. Maoxian.

Sorry for the paucity of posts, been jetlagged after our return from the holidays.

Seeing this bullish pattern across a lot of things including Intel, Texas Instruments, Taiwan Semi., and Micron -- look at all those charts if you have time. Anyway, Apple has its fans so I thought I'd feature it.  I'm seeing lots of iPhone 6s and especially 6+s in the hands of my Chinese colleagues and elevator co-riders.  I continue to use my $27 robin's egg blue Nokia 1050 happily.

Incidentally, I'm still bearish on Twitter and expect it to get under $35 even with these bullish tech stock patterns.