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Apple (AAPL) 3 Reasons Why AAPL Has Bottomed



 

BotTrigger has been patiently stalking the bottom on AAPL. Evidence suggest that the Bear raid on AAPl has sufficiently run it's course. We've been getting signals that the sellers are exhausted, and that the accumulation phase has very much ticked up month after month. We're not looking at micro fluctuations here at BotTrigger, but the BIG MACRO picture that has been cultivating. This is how we catch the big moves. The system is unconcerned with predictive micro moves but focusing on the probability of what things will look like months and months away, a year away.

AAPl has cultivated major support and we are getting a swarm of bullish signals on the weekly and monthly charts. BotTrigger scans for an alignment of bullish signals all that confer upon one another. It's not sufficient to just have one or even 2 bullish signals. To minimize risk and ensure the highest probability of success,BotTrigger

renders several very key indicators to determine entry of our long trade. We will be long any day now and anticipate a rally of epic proportions is on the horizon for the 2nd half of the year & even more so in 2017.

Long-Term Moving Average

Weekly-200SMA (Simple Moving Average) gauges long-term sentiment of the stock, so it is important to check them when the stock sees its correctional move. If you are a long-term investor on any particular stock, you want to see the weekly-200SMA is rising and the stock is holding above that level if/when the correctional move happens (as long as it stays above it, there is a good chance the stock will move back up in the primary term).

2009 & 2013, both times, Apple (AAPL) has bottomed and reversed back up after hitting the Weekly-200SMA, so it’s definitely a level to watch for a possible bottoming action here as the stock is ‘zig-zagging’ here in the vicinity after hitting the moving average.

Weekly-Chart with 200 Simple Moving Average


 

Bullish Divergence

This is a classic technical analysis when it comes to assessing the major bottoming signals. Bullish divergence occurs when the price-action cultivates lower lows after the decline, while the oscillators form higher lows (hence the word “divergence”) as you can see in the chart below.

Again, in 2009 & 2013 we bottomed this way, and we are forming, yet, another bullish divergence here; not to mention we just covered weekly-200SMA also condoning this bullish divergence pattern in the vicinity.

Weekly-Chart With The Oscillators


 

Fibonacci Retracement

I always say that Fib. 50% Retracement could be the “magic” number. Back in 2013, it was the 50% retracement where the stock has bottomed.

Today, we are right on that 50% retracement and maybe it means nothing all by itself, but when you have the weekly-200SMA in the vicinity and the bullish divergence to fuel the flame, I think we have a good chance that Apple (AAPL) is getting ready to get back up and cultivate an uptrend from here on (of course with minor-term ups and down–nothing goes straight up).

Weekly-Chart With Fibonacci Retracement Tool


Some of the greatest pearls shared by Jesse Livermore:

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“Money is made by sitting, not trading.”

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“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

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“Buy right, sit tight.”

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“Nobody can catch all the fluctuations.”

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“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

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“It takes time to make money.”

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“Don’t give me timing, give me time.”

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