Tuesday, February 10, 2015

Annual Trading Forecast on Apple (2015)

Apple stock (NASDAQ:AAPL) is currently trending northwards and it should continue doing so this year, although there could be some southward corrections along the way, which should be short-term in nature.

The Apple stock experienced a smooth bullish run last year; consolidating when the year closed. The price has resumed its northward journey, reaching a new high at the time this piece is being prepared.

In the chart, the ADX period 14 is around the level 20, signifying that the market currently lacks momentum (although momentum will soon return). The DM+ is above the DM-, meaning that the bulls have been able to survive ongoing onslaught from the bears. The MACD default parameters have both its signal lines and histogram above the zero line. Indeed, there is a Bullish Confirmation Pattern in the market and the supply levels at 125.00 and 130.00 can be attained in the end.

This forecast is ended by the quote below:

“Each trader had different strategies, which was incredibly exciting. While
some made 300 trades a day, there were also traders who only executed one trade a week. And every one of them knew exactly what he was doing. That was exactly what I wanted to do!” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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