This is going to be different this from my other posts, are gonna be more unbiased and diving deeper into AAPL. As you can see from the arrows, it showed when the stock broke out of either downward wedge pattern or consolidation or continuation pattern. Both of these are considered bullish with the continuation cases like AMZN consolidating then broke off and also in this case too, AAPL, which broke to new all-time highs a month past today. Currently, AAPL is in both a short continuation pattern and also a downward wedge. If AAPL holds this position and does not fall threw below the 130s, it has formed a double bottom pattern. This is also a bullish signal in it itself. The MACD diverges again and again, which is also bullish. Now as I am always talking about being bullish, let us talk about the bear case or why it will fall. AAPL currently is depending on iPhone sales for the company to grow, which is a disadvantageous position as if AAPL makes a bad iPhone, expect it will drop 5 or 10% after earnings. As AAPL is attempting to diversify into the services sector, it has hurdles to overcome like in the streaming sector, it is trying to break through into it but the current dominator in that space are Netflix and Disney. While with both its pros and cons, I believe that AAPL is an amazing company to invest in as rest assured, the odds that AAPL will go bankrupt are lower than you getting struck by lightning than getting slapped in the face by a middle school student, who is wearing heels and just ate Japanese food, which came from a gas station. It has a lot of cash in hand or $195.57 billion in cash on hand. Big companies like Berkshire Hathaway and other tech companies invest in it so rest assured, you will not lose all your money if you put it in aapl. In conclusion, I am bullish on apple and will continue doing so and continue investing in it, even if the markets are a tad overvalued. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading and investing and make sure to hit follow and like and comment on this post to get this out to more and more people! Good luck on all future endeavours everyone
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