Hold for Broke. *valuations matter in *rising rates environment.
Notes on chart. Apple in consolidation and moving around the 126.00 mark. Expect a push toward 129.00 before earnings, and a +/- 7.00 move. The big question: is Apple really worth $726B or more? Less?
Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today. It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall. If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max). Next week's movement is critical here,...
AAPL, has only .10 cents to prove itself worthy of support over 102.60. 102.60 on the 5 day chart is heavy resistance. With a long shooting star and past heavy trading volume we could see a few percentage increase as the stock moves closer to iPhone 6 release date. Low RSI of 49.22 gives more the reason that the incremental increase has all the potential to be a...