Apple Inc. (NASDAQ:AAPL) is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone

Apple Inc. (NASDAQ:AAPL) is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone

Apple Inc. (NASDAQ:AAPL) is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone

Apple is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone, according to new patent claims filed by the company.

The patent claims, published by the US Patent & Trademark Office, build on similar patents Apple has filed going back to 2013 for devices with wraparound screens.

Here’s what the device would look like:

Apple iphone wraparound patent claim

USPTO.gov/Apple

While the patents indicate that Apple wants ownership of the idea, there’s no promise that Apple will move forward with a plan to develop or sell such a device.

Apple’s patent claims filed in October specify that the wraparound screen would constitute a “continuous loop around a periphery of the electronic device,” and claims filed in July stipulate that the device would use “facial tracking software … to determine an orientation of the user” relative to the smartphone. The newer filing also specify that the screen would be made of glass.

“There exists a need for an improved form factor for portable electronic devices which allows functionality to extend to more than one surface of the device,” Apple wrote in its patent filing, adding that the company is “investigating ways to maximise the utility of unused portions of these devices.”

An Apple spokesperson was not immediately available to respond to a request for comment.

Technical Indicators

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 228.77.

The projected upper bound is: 267.55.

The projected lower bound is: 249.65.

The projected closing price is: 258.60.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 21 black candles for a net of 7 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is 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 97.2075. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 4 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 76.97. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 4 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 187.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 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 20 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed up 1.680 at 257.500. Volume was 4% below average (neutral) and Bollinger Bands were 75% wider than normal.

Open     High      Low     Close     Volume___
257.330 257.845 255.380 257.500 25,817,952
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 247.10 226.37 199.80
Volatility: 26 25 31
Volume: 26,827,554 26,875,016 27,787,952

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

APPLE INC is currently 28.9% above 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 moderate flows of volume into AAPL.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AAPL.O and have had this outlook for the last 53 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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