Forecasts for Apple, Nasdaq and FTSE 100

TL;DR

Apple stock has seen volatile movement post-earnings, facing critical support levels ahead of potential bullish or bearish scenarios.

Transcript

hello it's john burford with chart of the week for tuesday the 19th of april the first trading day in the uk that is after the easter break it's been a long one by normal standards and today i'm covering apple now apple is one of the uh major companies to report earnings it'll be i i take it on the um on the 28th of this month i believe and um the ... Read More

Key Insights

• 🏆 Apple stock experienced a bearish trend in February before rallying to $180, testing critical support levels.
• 🤩 The Fibonacci 50 support level at $164 is key for potential recovery or further decline in Apple stock.
• 🛀 The FTSE market shows a potential rollover if support levels around 7530 are breached, with targets at 7400 and 7200.

Questions & Answers

Q: What were John Burford's previous predictions for Apple stock, and how did they compare to the actual movement?

John Burford had a bearish forecast for Apple stock in February, which aligned with the subsequent decline to around $150 before a surprising rally to $180.

Q: What are the key support levels for Apple stock that could determine its future direction?

The Fibonacci 50 support level at $164 is crucial for Apple stock, with a potential move to $152 if this support fails to hold.

Q: How does John Burford analyze the FTSE market, and what potential outcomes does he foresee?

John Burford sees a potential rollover in the FTSE market if it breaks the support level around 7530, with targets at 7400 and 7200.

Q: What is the current wave pattern in the Nasdaq market, and how does Apple stock factor into this analysis?

The Nasdaq market shows a potential five-wave pattern, with Apple stock potentially at a critical juncture for either a rally or further decline.

Summary & Key Takeaways

• Apple stock underwent a bearish trend in February into March, hitting a low around $150 before embarking on a rally to $180.

• Currently, Apple shares are testing the Fibonacci 50 support level at $164, potentially indicating a critical point for recovery or further decline.

• The FTSE and Nasdaq market trends also suggest potential shifts, with support levels being crucial indicators for future movements.