AAPL

Jamie J. said:
It seems that the investors haven't been so upset yet. So let's wait for the recovery.
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I mentioned before at:
http://www.elitetrader.com/et/index.php?threads/aapl.293338/page-30#post-4272844
I would not expect any recovery unless I see daily volume rising above 150M shares. Now, I am rising level higher I will wait for at least 180M shares in a single trading session - it would be a sign that some serious money are staring to buy. Until then we may have only a bounce up. Today we ha some Bulls jumped in, but 113M shares is not to reverse seriously AAPL up - the Bears on this stock are quite strong.
 
AAPL is a great company and since may 2013 it made 140%. On the other hand, it only about 2%up from the top in September 2012. Decline in average daily volume from 140M shares in 2010 o 40M shares in 2016 suggests that many investors lost interest in this stocks - most likely many already fully loaded by it. 2% up from September 2012 (3 and half years ago and yes I took the worst point) confirms that. Third time the AAPL is heading to the support levels set in August 2015 and February 2016 and it does not look like todays decline attracted a lot of Bulls to start buying. If the August 2015 and February 2016 support levels are broken, the AAPL may slide down to the $78-84 range where the highest volume was accumulated (see the chart below) - that's where the biggest amount of money were injected in the AAPL.

20160427aapl.png


chart courtesy of http://marketvolume.com
 
Last edited:
"Apple reported its first year-over-year revenue decline since 2003."

http://www.businessinsider.com/apple-revenue-drops-for-the-first-time-since-2003-2016-4

They lowered the estimates further, which means if they beat expectations then everyone will love it again. The analysts already lowered their price targets, go figure.

The latest 10Q suggests they are raising the dividend, yet again, and increasing buybacks. This will probably place a floor on the stock, especially if it shifts from a growth stock to a dividend player.

Although the chart posted above by viktor shows some interesting volume at the high 70's, it also has price support in the low 90's.
 
ScalperJoe said:
"Apple reported its first year-over-year revenue decline since 2003."

http://www.businessinsider.com/apple-revenue-drops-for-the-first-time-since-2003-2016-4

They lowered the estimates further, which means if they beat expectations then everyone will love it again. The analysts already lowered their price targets, go figure.

The latest 10Q suggests they are raising the dividend, yet again, and increasing buybacks. This will probably place a floor on the stock, especially if it shifts from a growth stock to a dividend player.

Although the chart posted above by viktor shows some interesting volume at the high 70's, it also has price support in the low 90's.
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interesting chart recomended by ScalperJoe
20160427_apple_growth.png


Yes, this is the first drop in revenue. The other interesting thing that the highest increase in revenue in 2015 was far below the ones in 2005, 2010 and 2011. Increase in revenue in 2013-2014 was similar to the ones during the first year of after-recession in 2003 and 2009. It looks like the AAPL hit the roof in the revenue growth.

On the other hand, the AAPL is still profitable and it will remain profitable thanks to iPhone market. Besides it, I do not see any bright light for AAPL. Self-driving car is far behind the other companies and it will only increase spending for research and development. Plus, there is still no legal ground to let self-driving cars on the roads. Taking into account China's ban on some essential iPhone services, we could be facing some tough period for this stock, unless they come out with something new that nobody has.
 
Since price stalled in mid April at BB I use, the lows in early February of Triple bottom are iffy of holding. Quad tops at highs, head & shoulder tops early December leans for continued downside. Support 70-75, I don't go by fundamentals.

upload_2016-4-27_21-53-29.png
 
Despite the worst performance, Apple still believes that it has shown good results this quarter. What do you think what to expect from the company this year?
 
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