This is my opinion on the major stock indexes for the week that starts now. In my opinion almost all of the indexes, mainly the american, German and English ones, are reaching a point where the top obtained before the crisis is reached, and a reversal point can occur. In an optismistic point of view we will see in the next weeks the continuancy of growth to the main indexes.
Please find out bellow the video wit my analysis, on the indexes.
This is a short video update to the Apple stock, since my last analysis it has continued to fall, and this friday it has closed with a 3,76% fall to the 509,79 USD's.
My next support is the upward trend line at around 487 USD's, which if broken can easily take the stock to the next support at 421 USD's.
I don't see any signs of change in the downward movement, and the path continues to be open for the short side.
This is my first post where i will do a technical analysis to the Apple Stock. In this short analysis I will not use any fundamental data, or even important events, like the death of the Apple leader or the launch of a new product. I will maintain the analysis focused on the candles, signs, trend and support lines.
For my analysis I use mainly use the following:
Stochastic Indicator
RSI Indicator
MACD Indicator
Moving Averages ( 12, 26 and 52 days )
Bollinger Band
Trend lines
Supports
Resistances
What i see on Apple is an Evening Star built since Augut, and confirmed on November. In the monthly graph we see clearly that the sotck is trending downwards to the rasing trend line drawn with the blue arrow, and it seems not to have any sort of support until reaching it. Also you can see a strong sell sign on the MACD, which is not the best signal for the long traders, maybe a perfect one for the short side traders.
On the daily graph we can see clearly that the 532 USD for stock is behaving like a support, and the technical reaction performed since the 16th of November to the 3 of December has reached a ceiling, and the 532 USD mark is being threatened again.
If the 532 USD break occur the next support is the trend line in blue, near the 470 USD's, and if this is not enough to hold the sotck, than the big problems arise and we easily see that tere is not much support and the fall may go down to 364 USD's, a big fall.
On the contrary a positive signal would be the stock raise and break the 12 days moving Average, in brown and confirm this break by braching the resistance at 576USD's
Also a leave a video I have done to support this analysis,
