TRADERS SUCKERED INTO APPLE MIRAGE TO DO THIS FOR THE FIRST TIME SINCE 2009 $AAPL $S $TMUS $T $VZ $CRUS $NXPI $QRVO $SWKS $AVGO $QCOM

Twitter
LinkedIn
Facebook

 TRADERS SUCKERED INTO APPLE MIRAGE TO DO THIS FOR THE FIRST TIME SINCE 2009 $AAPL $S $TMUS $T $VZ $CRUS $NXPI $QRVO $SWKS $AVGO $QCOM

In my over 30 years in the markets, I have repeatedly seen traders getting into an aggressive buy mode without asking questions or understand the news. This is happening in Apple AAPL, right now. The chart linked below shows a pattern that has occurred for the first time since 2009.

Let us start with making a distinction between an investment and a trade. As an investment, I am bullish on Apple. The Arora Report is still holding part of the position bought at 18.71. Our target as shown on the long-term chart is 137.00 to 140.00. The rationale behind the target is that Apple stock will run ahead of iPhone 8’s introduction which is scheduled to be a very major upgrade.

Please click here to see annotated long-term chart.

Please click here to see annotated short-term chart.

Very short-term traders are getting suckered into Apple based on a mirage created by not fully understanding the news. At best, the foundation under the recent explosive move in Apple is shaky.

Sprint and T-Mobile

The explosive up move started when both Sprint S,  and T-Mobile TMUS  indicated that orders were exceptionally strong for iPhone 7.

The exceptionally strong orders at the two smaller carriers do not equate to ultimately strong iPhone 7 sales. The reason is that both of these carriers have been offering special benefits and for those wanting to switch from the two major carriers the time to switch is when buying a new phone…Read more at MarketWatch

You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.

See also  QUAD WITCHING DRIVING AI STOCKS INCLUDING NVIDIA HIGHER, MORE ONE MONTH LOWS THAN HIGHS IN NASDAQ

Please click here to take advantage of a FREE  30 day trial.

Check out our enviable performance in both bull and bear markets.

Subscribe to 'Generate Wealth'

Free Forever

More To Explore

30 Day Free Trial

Cancel within 30 days and you owe nothing

When you take a FREE 30 day trial, you get access to powerful techniques used by billionaires and hedge funds to grow richer. You can continue to use these powerful techniques to grow richer even if you cancel your subscription. You come out ahead by subscribing no matter how you look at it.

A fortune is to be made from AI stocks.
Get the list of 18 AI stocks to grab your share of the profits — no cost to you.

A fortune is to be made from AI stocks.

Get the list of 18 AI stocks to grab your share of the profits.

AI is a $1 Trillion Market

Making A Fortune
In Artificial Intelligence

Golden Age of Artificial Intelligence

Skip to content