Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Friday, January 25, 2013

APPLE analysis. Is it time to buy?


Here is an interesting chart that shows a nice reversal pattern in times of bearishness.

We all know that Apple (AAPL) has stumbled more than 12% after the earnings report was released Wednesday afternoon and the market seemed dominated by the bears in yesterday's session. 

However, the gap down could as well mean a buying opportunity. In Elliott Wave principle this is an exhausting gap that indicates the end of a swing (bear swing in this case). This scenario was taken into consideration in my previous analysis on Apple ( http://markettechnicalview.blogspot.ro/2013/01/apple-shares-price-analysis.html ).

What is more interesting is that we have other examples of the same kind in important companies like HP or Groupon. The main clues are: bearish trend, large gap down and unusual high volume. 

So, the question remains: IS IT TIME TO BUY?



Posted by Adrian Filip at 3:53 PM
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