I'll ignore the weekly technicals for a second since those are calculations easily accessible. This is a great learning opportunity for bears skeptical of the acceleration we are about to see this week.
Week over week, we've averaged around a 5% climb for the past 4 weeks with AAPL. It makes 0 sense that momentum would be any different the final week before the official split.
While there are a handful of technicals that suggest a pullback, those technicals, like RSI, don't have enough strength to pull the momentum down this week).
From a fundamental analysis standpoint, there's not enough bearish sentiment to pull this down either.
AAPL has continued to be a safe haven stock to weather the economic outlook and an icon of lasting value historically and into the future. Consequently, a large sell-off isn't happening this week either as more and more investors will look to park their funds in AAPL by the end of the week.
These opinions are my own and should not be considered professional financial advice.
Week over week, we've averaged around a 5% climb for the past 4 weeks with AAPL. It makes 0 sense that momentum would be any different the final week before the official split.
While there are a handful of technicals that suggest a pullback, those technicals, like RSI, don't have enough strength to pull the momentum down this week).
From a fundamental analysis standpoint, there's not enough bearish sentiment to pull this down either.
AAPL has continued to be a safe haven stock to weather the economic outlook and an icon of lasting value historically and into the future. Consequently, a large sell-off isn't happening this week either as more and more investors will look to park their funds in AAPL by the end of the week.
These opinions are my own and should not be considered professional financial advice.