Chart Analysis: Apple’s ($AAPL) new iPhone 5 has left consumers less than surprised with its lack of cutting edge features. Will yesterday’s introduction to the new iPad Mini be a game changer for Apple? This new, smaller tablet features a 7.9 inch screen on a pencil-width side profile and weighs in at 0.68 pounds, making it larger and lighter than its 7 inch screen competitors. This new product is also outfitted with the smaller Lightning connector introduced with the iPhone 5 and will be available for LTE wireless data networks worldwide, putting it neck-and-neck with tablets that have already been offering this feature. This “tweener” tablet may be just the push that Apple needs to turn things around after last month, however there is some speculation about how the price of this new product will affect sales as it is priced much higher than its competition. This Daily NinjaTrader chart shows the downward trend that was started last month after release of the iPhone 5. There are some signs of faith possibly being restored as we near today’s date, but it will be difficult to tell what news of the iPad Mini will do to the strength of this stock. What weight do you think the iPad Mini will have on Apple overall? Investors may use some of the tools in this chart to make their decisions with how to handle the new addition to the Apple family. There is a Fibonacci retracement to show how far Apple has fallen from its swing high using the previous low. NinjaTrader’s regression channel indicator is plotted as well to show the trend that resulted from the iPhone 5 release. Also, there is a triangle drawn to highlight activity that may be directly linked to iPad Mini news and Volume up/down to show the volume through all of this news and whether that is buying or selling force. This chart was created for free with end of day data offered through Kinetick on the NinjaTrader 7 platform.
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