I hear nonsense from folks who think the stock needs to reconsolidate in an area where is has for weeks. The market sell off due to the stimulus delay is going to keep bringing volatility. The middle band otherwise known as the 20 day moving average has been a solid bottom for Apple stock the last three days.
Excellent, clear, concise analysis. Thank you. I do believe we will get a bounce Friday or Monday. The stimulus madness is the only wild card.
mjeng
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Do you think we had to fill that gap from last week before taking off? How much do you pay attention to filling gaps. As in do you think doing such is important for the stock going forward.
cazmuh
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@mjengland, thanks for your comment. I do pay attention to filling gaps and have seen apple follow such. What I was really getting at in the video that the market has been extremely volatile these last few weeks. One tweet and we tank. I expect this to continue until the election is over and there is a stimulus bill passed. Outside of those two factors we should remain bullish on the stock.