CRInvestor

AAPL - all growth eventually turns into value

BATS:AAPL   Apple Inc.
406 2 1
In very typical fashion, a blow off top signals the end to a very long bull run and the beginning of a consolidation phase for this once market leader. For future reference, if you ever see an asset double in price in about six months (in this case it was about 8 months) you should tell yourself 'that's a trap!'. Indeed, price collapsed coming out of that top and hasn't looked back since. While still bearish , it is far too late to consider playing AAPL             to the short side (hence my neutral stance). The chart above outlines the various bearish technical targets that are currently in play and very near to being hit. Recent news of large increases to share buy back plans and a robust increase to their dividend will appease institutional investors (ie the 'value' players) but make no mistake, until we start to see some bullish price patterns develop, momentum investors will be on the sidelines for some time to come.
Very nice, thank you.
Reply
Very nice commentary. Couldn't agree more.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out