Apple has seen some significant growth since April this year and still has the potential
to soar to new heights.
From looking at the history of this stock we can see that following the end of trends,
price tends to pull back before resuming the trend. Right now price is in the trend phase
and a pullback could kick in at any time.
The other thing we can notice from the history is that the trends usually last for several months
and the pullbacks have lasted for months as well but not as long as the trends. This is typical behaviour
for stocks as price falls faster than it rises.
What’s interesting about recent price action is that the trend, which usually lasts several months,
has only been in play for 4 months yet it has moved significantly to the upside. This is a big difference
to the previous trends. Price is moving a lot faster at the moment and has recovered well from the declines
we experienced as a result of the global pandemic in February and March.
Apple is due to have a 4-for-1 stock split at the end of August, therefore the price of each share will be divided by 4.
This may change the direction of the trend but with the price of a share decreasing, there may be more interest
in Apple shares as they become more affordable and this could result in more shares being purchased.
At the moment the trend is still up so we will continue to look for long opportunities but preferably after
the stock split has taken place.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
to soar to new heights.
From looking at the history of this stock we can see that following the end of trends,
price tends to pull back before resuming the trend. Right now price is in the trend phase
and a pullback could kick in at any time.
The other thing we can notice from the history is that the trends usually last for several months
and the pullbacks have lasted for months as well but not as long as the trends. This is typical behaviour
for stocks as price falls faster than it rises.
What’s interesting about recent price action is that the trend, which usually lasts several months,
has only been in play for 4 months yet it has moved significantly to the upside. This is a big difference
to the previous trends. Price is moving a lot faster at the moment and has recovered well from the declines
we experienced as a result of the global pandemic in February and March.
Apple is due to have a 4-for-1 stock split at the end of August, therefore the price of each share will be divided by 4.
This may change the direction of the trend but with the price of a share decreasing, there may be more interest
in Apple shares as they become more affordable and this could result in more shares being purchased.
At the moment the trend is still up so we will continue to look for long opportunities but preferably after
the stock split has taken place.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
