AAPL, ALB update 12/8

AAPL: confirmed our intermediate i, ii count today, and should now be in intermediate iii. The below chart is simple enough with all anticipated price levels (based on standard Fib-extensions for 3rd, 4th and 5th waves; we cannot foresee extensions). A close above the 50d SMA and daily Ichimoku cloud will go a long way to confirm our count. Price targets are not on timely scale; only on vertical scale.

aapl

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ALB: A favorite. We’ve tweeted about this chart already last week and this week we got the breakout. we see it target $105 to $115. There was lots and lots of call buying over the past week so this adds weight to the evidence that more upside is coming.

 

alb