AAPL May 9, 2024: Possibly Good Entry Point

BATS:AAPL   Apple Inc
I have been following AAPL for a long time but have not bought it because it has been a laggard during the AI-powered uptrend since November 2023. You can see many of my posts regarding this stock in the related ideas section.

Situation might be changing now...

Following the earning reports with a huge buyback plan on May 2, the stock gapped up above its MA-200 and has been staying above until now.

The MA-50, although is still under MA-200, but started moving up.

The relative strength line has been moving up since April 10, before the overall market correction, and has been steadily going up.

Therefore I started to buy AAPL here, with an expectation that it will make new high some time this year.


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