Hey everyone, happy Friday. I wanted to quickly publish this simple chart of a stock I've been watching. First of all, never, ever buy or sell anything without doing your own research. I am simply sharing this for fun and to see if anyone else is watching this really significant level on Apple.
The epic 200-day moving average!
That's the blue line.
Apple is about to tag its 200-day moving average. This does not happen often. I've zoomed out enough on the chart and circled the other times it's happen since 2017. Anyways, this is very interesting. I think Apple has had an incredible run.
The bear case however is that its multiples are so high i.e. its PE, PS, and other valuation ratios. The bull case is TINA (There Is No Alternative). Meaning rates are so low companies like Apple, their dividend, their buybacks, and their innovation is the best place to be investing.
Next week I will be watching closely and just may sent a buy order at the 200-da MA with a stop about 3% below that. I'm using alerts to remind me! Thanks for reading and following along.
The epic 200-day moving average!
That's the blue line.
Apple is about to tag its 200-day moving average. This does not happen often. I've zoomed out enough on the chart and circled the other times it's happen since 2017. Anyways, this is very interesting. I think Apple has had an incredible run.
The bear case however is that its multiples are so high i.e. its PE, PS, and other valuation ratios. The bull case is TINA (There Is No Alternative). Meaning rates are so low companies like Apple, their dividend, their buybacks, and their innovation is the best place to be investing.
Next week I will be watching closely and just may sent a buy order at the 200-da MA with a stop about 3% below that. I'm using alerts to remind me! Thanks for reading and following along.
I work at TradingView helping to build charts, tools, and software for everyone interested in financial markets.
Twitter: twitter.com/scheplick
Blog: scheplick.com/
Twitter: twitter.com/scheplick
Blog: scheplick.com/