Apple has suspended Alphabet Inc. (NASDAQ:GOOG) employees’ ability to run internal iOS

Apple has suspended Alphabet Inc. (NASDAQ:GOOG) employees’ ability to run internal iOS

Apple has suspended Alphabet Inc. (NASDAQ:GOOG) employees’ ability to run internal iOS

On Thursday, Apple revoked Google’s ability to run internal iOS apps, leaving Google employees unable to access tools necessary to do their jobs, according to a report in The Verge. The move was meant as a punishment for Google’s use of a data-collecting app in violation of Apple’s rules and came one day after Apple imposed similar consequences for employee at Facebook.

Google has been running an app called Screenwise Meter since 2012, which allows users to earn gift cards if they offered up access to their traffic and data to the search giant.

The app, however, could only be downloaded in a way that Apple had specified could be used by company employees only, like beta or internal tool apps. Google apologised for violating Apple’s terms of service on Wednesday and pulled the plug on the app, after reports of the app’s existence surfaced.

But apparently the apology was not enough.

As The Verge reported on Thursday, Apple’s decision has caused pre-released versions of Google Maps, Hangouts, Gmail, and more to stop working for employees. An internal app for Gbus transportation and the company’s cafe app have also been shut down.

Apple’s decision is consistent with its treatment of Facebook, which also violated Apple’s policy in order to distribute an app to users meant to collect their data.

At the time of the Facebook decision, Apple had said, “any developer using their enterprise certificates to distribute apps to consumers will have their certificates revoked.”

It appears Apple has not backed down from that statement.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 1,088.73.

The projected upper bound is: 1,183.84.

The projected lower bound is: 1,050.96.

The projected closing price is: 1,117.40.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 71.4817. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 61.15. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 74 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 174.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 27.310 at 1,116.370. Volume was 17% below average (neutral) and Bollinger Bands were 27% narrower than normal.

Open High Low Close Volume___
1,103.0001,117.3301,095.4101,116.370 1,538,324

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 1,083.53 1,055.19 1,116.73
Volatility: 31 40 33
Volume: 1,338,384 1,788,672 1,659,788

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
ALPHABET INC C is currently 0.0% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 17 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH