PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

January 2nd, 2014: AAPL Wave Count Update

Posted by pugsma on January 2, 2014

1-3-14 (1:30 pm EST):  AAPL maybe forming a triangle for wave iv-(3) of minor 3 of major [3]-P5.    The triangle target is 575 +(575-539) = 611, which agrees with the wave (3) target of 605, where (3)=1.62*(1).  It’s critical for AAPL to the recent 538.80 low if the triangle is to remain valid.

AAPL 60-min chart (1-3-14 mid-day):

AAPL 60-min chart mid-day 1-3-14

AAPL 4-hr chart (1-3-14 mid-day):

AAPL 4-hr chart mid-day 1-3-14

The AAPL bullish intermediate-term wave count still looks constructive as long as price holds the recent 538.80 dividend adjusted low.  AAPL wave count details are show on the 60-min and 4-hr charts below.  Intermediate term targets for wave (3) of minor 3 is at 605 and for the end of minor 3 is at 650.

AAPL 60-min chart real-time like: http://www.freestockcharts.com?emailChartID=d1626faf-26b8-4332-b268-b8e7778fb33f

AAPL 60-min chart (EOD):

PUG AAPL 60-min EOD 1-2-14

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr EOD 1-2-14

AAPL weekly chart (EOD):

PUG AAPL weekly EOD 1-2-14

Sorry, the comment form is closed at this time.

%d bloggers like this: