Alright, let's break down what's happening with Apple's stock (
AAPL
) using an analogy related to an Apple product being on sale.
Imagine you're walking into a big tech store, and you spot Apple products on clearance, with discount tags everywhere. The iPhone you're eyeing is usually priced at $184, but now it's on sale for $170. That's quite a deal, right?
Now, let's apply this to the stock market. Currently, Apple's stock is trading at $170, which is lower than its usual value of $184 at the time of this writing. However, we shouldn't just jump to conclusions. Stock prices, like the cost of an Apple product, tend to fluctuate around their average value. Sometimes they're higher, sometimes lower.
Looking at the charts, it seems like Apple's stock is experiencing a bit of a wholesale situation. There's more supply than demand at the moment, which is why the price has dropped to $175. However, historically, the average value where Apple tends to hover is around $184.
Now, let's talk about support and resistance, which are like the foundation and ceiling of stock prices. Think of $184 as the value where the stock finds its balance. $176, on the other hand, used to be a resistance point (like a ceiling), but if the stock closes above it consistently, it could become a new support level (like a floor).
Our targets are set at $180 area and $198. These are the points where we expect the stock to move if everything goes as planned. We're looking to enter the market when we see higher highs being created, indicating that the stock is gaining momentum.
Comments: Please comment below with your spending range on Apple products and the number of Apple shares you would own based on your spending and the current stock price. Let's see how much of Apple's pie everyone could potentially own!
P.S. The numbers are ranges not definite. Due to change daily.
AAPL
) using an analogy related to an Apple product being on sale. Imagine you're walking into a big tech store, and you spot Apple products on clearance, with discount tags everywhere. The iPhone you're eyeing is usually priced at $184, but now it's on sale for $170. That's quite a deal, right?
Now, let's apply this to the stock market. Currently, Apple's stock is trading at $170, which is lower than its usual value of $184 at the time of this writing. However, we shouldn't just jump to conclusions. Stock prices, like the cost of an Apple product, tend to fluctuate around their average value. Sometimes they're higher, sometimes lower.
Looking at the charts, it seems like Apple's stock is experiencing a bit of a wholesale situation. There's more supply than demand at the moment, which is why the price has dropped to $175. However, historically, the average value where Apple tends to hover is around $184.
Now, let's talk about support and resistance, which are like the foundation and ceiling of stock prices. Think of $184 as the value where the stock finds its balance. $176, on the other hand, used to be a resistance point (like a ceiling), but if the stock closes above it consistently, it could become a new support level (like a floor).
Our targets are set at $180 area and $198. These are the points where we expect the stock to move if everything goes as planned. We're looking to enter the market when we see higher highs being created, indicating that the stock is gaining momentum.
Comments: Please comment below with your spending range on Apple products and the number of Apple shares you would own based on your spending and the current stock price. Let's see how much of Apple's pie everyone could potentially own!
P.S. The numbers are ranges not definite. Due to change daily.