{"id":36082,"date":"2015-05-13T08:17:53","date_gmt":"2015-05-13T12:17:53","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=36082"},"modified":"2015-05-13T08:17:53","modified_gmt":"2015-05-13T12:17:53","slug":"apple-inc-nasdaqaapl-may-rally-anytime-now","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/apple-inc-nasdaqaapl-may-rally-anytime-now-36082","title":{"rendered":"Apple Inc. (NASDAQ:AAPL) \u2013 May Rally Anytime Now"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Apple Inc. (NASDAQ:AAPL)<\/strong> ended the last trading session almost flat with a minor loss of 0.36%. The volume dried to 48 million against the daily average of 55 million. The market may feel excited about the possibility of a partnership of the company with <strong>Alibaba Group Holding Ltd (NYSE:BABA)<\/strong>, on the payment front.<\/p>\n<p style=\"text-align: justify;\">Technically, Apple Inc. (NASDAQ:AAPL) can take pride from the immense price appreciation in the last decade. The 2008 bear market affected the stock like any other stocks, erasing over 60% of the stock\u2019s valuation but it just shrugged off the disappointment in a very violent manner and rallied to $100 by 2012, an appreciation of 10 times in just 3 years! It was followed by another significant long term correction to $55 levels but that was also recovered in double quick time. The last phase of the long term rise has already taken the stock to $130 levels, which is not only a 100%+ appreciation from the last long term swing low of $55 but about 1300% return in just 5 years!<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/AAPL.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\" size-full wp-image-36083 aligncenter\" src=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/AAPL.jpg\" alt=\"AAPL\" width=\"635\" height=\"465\" srcset=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/AAPL.jpg 635w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/AAPL-300x220.jpg 300w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/AAPL-75x55.jpg 75w\" sizes=\"(max-width: 635px) 100vw, 635px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The trend of such a stock should always be assessed carefully, especially if any weakness is visible. The short term chart shows that most of the current year has been spent in a sideways range in the rough band of $120-$135, which can be taken as a bullish pause or consolidation for now. On the other hand, the entire rally in the last 1 year is perfectly contained in a long term channel, the lower boundary of which has been tested in the last few sessions. Generally such a testing signals the end of sideways phase and the beginning of a new rally. In this case, that kind of bullish sign is yet to emerge. Still, the bears would better keep an eye on the price action in the next few sessions and a tight stoploss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple Inc. (NASDAQ:AAPL) ended the last trading session almost flat with a minor loss of 0.36%. The volume dried to 48 million against the daily [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":14487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[9428,1612,1002,9430],"stock_ticker":[],"class_list":["post-36082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-alibaba-group-holding-ltd-nysebaba","tag-apple-inc-nasdaqaapl","tag-nasdaqaapl","tag-nysebaba","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apple Inc. 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The volume dried to 48 million against the daily [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/apple-inc-nasdaqaapl-may-rally-anytime-now-36082\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-13T12:17:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/02\/Apple-Inc-Logo1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Steve Hackney\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Hackney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/apple-inc-nasdaqaapl-may-rally-anytime-now-36082#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/apple-inc-nasdaqaapl-may-rally-anytime-now-36082\"},\"author\":{\"name\":\"Steve Hackney\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/3ce02e36ec0c7fc865d70f316a025867\"},\"headline\":\"Apple Inc. 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