Hello
We have seen crazy drops in markets in the past month due to the coronavirus and extremely high volatility. This drop in the market could be a good time to load up on som stocks since the prices are at huge discounts. But what exactly should we buy and when should we buy it. Well at the moment i don't think we have seen the bottom of this crash so i will be waiting for even higher discounts.
Apple is a great company and it is not 30% less worth than what it was 1 month ago. This is not a financial crisis, AT LEAST NOT YET, this is a health crisis due to the coronavirus, so if we think logically about this situation, it does not make sense that the market is down this much. It is not just because of a bad financial situation, it is because of panic. Yes of course the virus does course some financial problems with people being fired and factories closing down, but i believe all this will go back to normal once the virus is under control.
So to look at a potential trade to take, Apple could be a good trade. The price has shown very strong support at the 200 MA on the weekly chart, so waiting for the price to come down to that level, whould be a really good time to buy Apple i think.
We have seen crazy drops in markets in the past month due to the coronavirus and extremely high volatility. This drop in the market could be a good time to load up on som stocks since the prices are at huge discounts. But what exactly should we buy and when should we buy it. Well at the moment i don't think we have seen the bottom of this crash so i will be waiting for even higher discounts.
Apple is a great company and it is not 30% less worth than what it was 1 month ago. This is not a financial crisis, AT LEAST NOT YET, this is a health crisis due to the coronavirus, so if we think logically about this situation, it does not make sense that the market is down this much. It is not just because of a bad financial situation, it is because of panic. Yes of course the virus does course some financial problems with people being fired and factories closing down, but i believe all this will go back to normal once the virus is under control.
So to look at a potential trade to take, Apple could be a good trade. The price has shown very strong support at the 200 MA on the weekly chart, so waiting for the price to come down to that level, whould be a really good time to buy Apple i think.