You can check our previous Apple posts for all the reasons we're bullish Apple, and even now, we're still bullish long term. There's literally no reason not to be at the moment: Tons of Cash, Dividend, Stock Buybacks, Different Cash Flows Sectors, etc. The Short term however, Apple has been due for a pull back. How long we'll go, who knows. If you're not already in Apple and have been thinking about pulling the trigger, we would wait until this sell off finds a support level.
Look for the following support Levels:
1. The top of the Uptrend Channel in Blue
2. The Fib Retracement levels in our chart
2. The 50 SMA or the 200 SMA
You get the idea. What you don't want to do is try and catch the falling knife. We're still in a pandemic 2 months before votes in an election year. Wouldn't be surprised if we see smart money secure profits and wait.
Personally, we're eyeing the $99 - $100 level in Apple to make our move. If this area holds support, we'll take a position.
Feel free to give us a follow and shoot us a like for more analysis updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Feel free to give us a follow and shoot us a like for more analysis updates.
Look for the following support Levels:
1. The top of the Uptrend Channel in Blue
2. The Fib Retracement levels in our chart
2. The 50 SMA or the 200 SMA
You get the idea. What you don't want to do is try and catch the falling knife. We're still in a pandemic 2 months before votes in an election year. Wouldn't be surprised if we see smart money secure profits and wait.
Personally, we're eyeing the $99 - $100 level in Apple to make our move. If this area holds support, we'll take a position.
Feel free to give us a follow and shoot us a like for more analysis updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Feel free to give us a follow and shoot us a like for more analysis updates.
Comment:
On the move...
Comment:
Picking up a bit here, going to dollar cost average our way down.
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Still going...